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2024-11-08 | The Times of India | When is the third Republican US presidential debate and who are the candidates? | Reuters Five Republican presidential contenders are scheduled to face off in a third primary debate on Wednesday. Here are some facts about the forum: WHERE IS IT? The third debate will take place in Miami. NBC News will host the event at the Adrienne Arsht Center for the Performing Arts of Miami-Dade County and air it from 8 p.m. to 10 p.m. ET (0100 to 0300 GMT Thursday). Florida is the home of former President Donald Trump and Florida Governor Ron DeSantis, who are running first and second in national opinion polls, respectively. Florida was until recently a battleground between Republicans and Democrats, but the state now leans conservative. The state hosts a Republican primary contest in March, which has played a crucial role in previous primary elections, though it is considerably less important than contests in Iowa, New Hampshire and South Carolina, which are slated for January and February. WHO WILL BE THERE? DeSantis, former U.S. Ambassador to the United Nations Nikki Haley, tech entrepreneur Vivek Ramaswamy, former New Jersey Governor Chris Christie and South Carolina Senator Tim Scott have all qualified, according to the Republican National Committee. North Dakota Governor Doug Burgum and former Arkansas Governor Asa Hutchinson did not make the cut. To qualify for the debate, candidates need to have received at least 4% in two national polls since Sept. 1 or 4% in one national poll as well as 4% in a poll in at least two "early states." Those early states are Iowa, New Hampshire, Nevada and South Carolina, all of which are among the first to hold nominating contests. Candidates are also required to have at least 70,000 unique donors, including at least 200 donors from 20 or more states or territories. They also must sign a pledge that requires participants to support the eventual Republican nominee. WHAT ABOUT TRUMP? Seeking to bolster support among the Hispanic community in Florida, Trump will hold a rally in Hialeah, a Cuban-American stronghold, starting at 7 p.m. ET. He has repeatedly said he does not believe it makes sense to open himself up to attacks from opponents on the debate stage given his sizeable polling lead. He is up nearly 40% over his nearest challenger, according to the latest Reuters/Ipsos poll. WILL THE DEBATE MATTER? The first two debates did nothing to dent Trump's sizeable lead in opinion polls. At the same time, DeSantis and Haley are locked in a fierce competition for second place. While DeSantis leads Haley nationally, Haley leads the Florida governor in New Hampshire and South Carolina, two crucial states in the Republican nominating process. A strong debate by either will help them make the case to voters and donors that they have a more plausible shot at closing the gap with Trump. Both, however, are far behind Trump in national polls. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 09 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition Hello Tata, Goodbye Wistron: Anatomy of a Takeover Deal The Tata Group’s acquisition of Wistron’s manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of the matter. Both sides signed the takeover deal on Wednesday, they said. India Graduates Summa cum Laude, Beats China Grades India has edged out Mainland China to become the most represented country in the QS World University Rankings: Asia 2024 for the first time ever, reflecting its higher education system’s rising prominence amid steps taken towards increasing research output, academic recognition and internationalization. Religare Rebels Against Burmans’ Takeover The independent directors of Religare Enterprises Ltd (REL) have written to regulators such as RBI, Sebi and the insurance watchdog, levelling allegations of fraud and other breaches against the Burman family, which had made an open offer in September to acquire control of the company. Read More News on Republican debate third Republican US presidential debate Republican US presidential debate US Presidential elections US Elections (Catch all the US News , UK News , Canada News , International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Maruti is bulking up on SUVs, profitability. What’s fuelling this? An ear-to-the-ground game plan. ‘Richest self-made woman’ Radha Vembu’s Zoho stake is mired in a multi-billion-dollar divorce fight Rainbow Children’s Medicare: Poised for growth, but valuations may play spoilsport Ola Electric’s pre-IPO rejig: Bhavish Aggarwal reconstitutes board; shuffles finance leadership 4 insights to kick-start your day, featuring India wooing Elon Musk Stock Radar: Breakout from falling trendline resistance makes Apollo Hospitals an attractive buy 1 2 3 View all Stories |
2024-11-08 | ETF Daily News | General Electric (NYSE:GE) Shares Bought by SouthState Corp | SouthState Corp grew its stake in shares of General Electric (NYSE:GE–Free Report) by 1,025.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 720 shares of the conglomerate’s stock after purchasing an additional 656 shares during the period. SouthState Corp’s holdings in General Electric were worth $79,000 at the end of the most recent reporting period. Other institutional investors also recently made changes to their positions in the company. Ruffer LLP boosted its position in shares of General Electric by 138.7% during the 1st quarter. Ruffer LLP now owns 379,002 shares of the conglomerate’s stock worth $36,227,000 after purchasing an additional 220,210 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of General Electric by 62.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,091 shares of the conglomerate’s stock worth $779,000 after purchasing an additional 2,724 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of General Electric by 85.7% during the 2nd quarter. AE Wealth Management LLC now owns 59,531 shares of the conglomerate’s stock worth $6,540,000 after purchasing an additional 27,468 shares in the last quarter. Brighton Jones LLC boosted its position in shares of General Electric by 11.3% during the 2nd quarter. Brighton Jones LLC now owns 8,231 shares of the conglomerate’s stock worth $904,000 after purchasing an additional 837 shares in the last quarter. Finally, MAI Capital Management boosted its position in shares of General Electric by 33.9% during the 1st quarter. MAI Capital Management now owns 14,859 shares of the conglomerate’s stock worth $1,421,000 after purchasing an additional 3,760 shares in the last quarter. 74.83% of the stock is currently owned by hedge funds and other institutional investors. Several brokerages have commented on GE. Citigroup boosted their target price on shares of General Electric from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. The Goldman Sachs Group boosted their price objective on shares of General Electric from $121.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Argus boosted their price objective on shares of General Electric from $112.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Jefferies Financial Group boosted their price objective on shares of General Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Royal Bank of Canada boosted their price objective on shares of General Electric from $130.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and an average target price of $122.93. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Stock Analysis on GE General Electric stockopened at $111.82 on Wednesday. General Electric has a 12-month low of $59.57 and a 12-month high of $117.96. The stock has a market capitalization of $121.70 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.16 and a beta of 1.26. The firm’s 50-day moving average is $111.22 and its two-hundred day moving average is $108.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.17 and a quick ratio of 0.82. General Electric (NYSE:GE–Get Free Report) last released its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.26. General Electric had a net margin of 14.38% and a return on equity of 11.10%. The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts predict that General Electric will post 2.65 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Tuesday, September 26th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, September 25th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. General Electric’s payout ratio is currently 3.61%. (Free Report) General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. Want to see what other hedge funds are holding GE?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for General Electric (NYSE:GE–Free Report). |
2024-11-10 | ETF Daily News | Cardinal Health (NYSE:CAH) Reaches New 52-Week High at $103.78 | Cardinal Health, Inc. (NYSE:CAH–Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $103.78 and last traded at $103.78, with a volume of 81630 shares trading hands. The stock had previously closed at $102.81. A number of analysts have recently commented on the company.StockNews.cominitiated coverage on Cardinal Health in a research report on Thursday, October 5th. They set a “strong-buy” rating on the stock. Robert W. Baird increased their price objective on Cardinal Health from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Bank of America lifted their target price on shares of Cardinal Health from $91.00 to $99.00 in a report on Monday, July 17th. TheStreet cut shares of Cardinal Health from a “b-” rating to a “c” rating in a research note on Tuesday, August 15th. Finally, Mizuho lifted their price objective on shares of Cardinal Health from $94.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, August 16th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cardinal Health presently has a consensus rating of “Moderate Buy” and an average target price of $95.92. Check Out Our Latest Analysis on CAH Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe business has a 50 day moving average price of $91.22 and a 200-day moving average price of $89.48. The firm has a market capitalization of $25.62 billion, a PE ratio of 168.54, a P/E/G ratio of 1.04 and a beta of 0.76. Cardinal Health (NYSE:CAH–Get Free Report) last released its earnings results on Friday, November 3rd. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.33. Cardinal Health had a negative return on equity of 60.27% and a net margin of 0.07%. The company had revenue of $54.76 billion during the quarter, compared to the consensus estimate of $54.85 billion. During the same quarter last year, the company earned $1.20 earnings per share. Cardinal Health’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Cardinal Health, Inc. will post 6.88 earnings per share for the current year. In other news, CAO Mary C. Scherer sold 20,695 shares of Cardinal Health stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $86.27, for a total transaction of $1,785,357.65. Following the completion of the sale, the chief accounting officer now directly owns 10,649 shares in the company, valued at approximately $918,689.23. The transaction was disclosed in a legal filing with the SEC, which is available throughthis hyperlink. In other Cardinal Health news, CEO Stephen M. Mason sold 37,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $87.32, for a total value of $3,274,500.00. Following the sale, the chief executive officer now owns 37,355 shares of the company’s stock, valued at $3,261,838.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthe SEC website. Also, CAO Mary C. Scherer sold 20,695 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $86.27, for a total transaction of $1,785,357.65. Following the transaction, the chief accounting officer now directly owns 10,649 shares of the company’s stock, valued at $918,689.23. The disclosure for this sale can be foundhere. Over the last three months, insiders have sold 95,052 shares of company stock worth $8,401,034. 0.15% of the stock is owned by company insiders. Several hedge funds have recently bought and sold shares of CAH. Private Trust Co. NA raised its stake in Cardinal Health by 110.9% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $154,000 after purchasing an additional 854 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Cardinal Health by 4.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 187,535 shares of the company’s stock worth $14,159,000 after acquiring an additional 7,431 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Cardinal Health in the 1st quarter valued at $692,000. LSV Asset Management lifted its stake in shares of Cardinal Health by 0.3% during the 1st quarter. LSV Asset Management now owns 2,456,552 shares of the company’s stock worth $185,470,000 after purchasing an additional 7,000 shares during the period. Finally, Strategy Asset Managers LLC acquired a new position in Cardinal Health in the first quarter valued at $665,000. Hedge funds and other institutional investors own 86.01% of the company’s stock. (Get Free Report) Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. |
2024-11-10 | ETF Daily News | CVS Health (NYSE:CVS) Rating Lowered to Hold at StockNews.com | StockNews.comcut shares ofCVS Health (NYSE:CVS–Free Report)from a buy rating to a hold rating in a research report sent to investors on Monday. Other equities research analysts have also issued reports about the stock. Royal Bank of Canada cut their price objective on shares of CVS Health from $91.00 to $86.00 and set an outperform rating on the stock in a research report on Thursday, November 2nd. Wolfe Research upgraded shares of CVS Health from a peer perform rating to an outperform rating and set a $80.00 price objective for the company in a research report on Tuesday, September 12th. Truist Financial cut their price objective on shares of CVS Health from $103.00 to $98.00 and set a buy rating for the company in a research report on Thursday, August 3rd. Barclays dropped their price target on shares of CVS Health from $89.00 to $86.00 and set an overweight rating for the company in a research report on Thursday, August 3rd. Finally, Sanford C. Bernstein decreased their price objective on shares of CVS Health from $93.00 to $80.00 in a research note on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, CVS Health has a consensus rating of Moderate Buy and a consensus price target of $92.59. Check Out Our Latest Stock Analysis on CVS Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNYSE:CVSopened at $66.72 on Monday. The firm has a market cap of $85.86 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.83 and a beta of 0.58. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.80. CVS Health has a 12 month low of $64.41 and a 12 month high of $104.83. The company’s 50-day moving average price is $69.55 and its two-hundred day moving average price is $70.22. CVS Health (NYSE:CVS–Get Free Report) last issued its earnings results on Wednesday, November 1st. The pharmacy operator reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.08. The company had revenue of $89.76 billion for the quarter, compared to analyst estimates of $88.29 billion. CVS Health had a net margin of 2.47% and a return on equity of 15.36%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. As a group, research analysts forecast that CVS Health will post 8.6 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were issued a dividend of $0.605 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.63%. CVS Health’s dividend payout ratio (DPR) is presently 36.50%. In other news, DirectorEdward J. Ludwigbought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $70.47 per share, for a total transaction of $140,940.00. Following the completion of the acquisition, the director now directly owns 20,630 shares in the company, valued at $1,453,796.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available atthe SEC website. 0.25% of the stock is owned by company insiders. Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of CVS Health by 1.6% during the second quarter. State Street Corp now owns 55,877,387 shares of the pharmacy operator’s stock valued at $3,862,804,000 after purchasing an additional 855,269 shares during the period. Morgan Stanley grew its position in CVS Health by 10.9% in the 4th quarter. Morgan Stanley now owns 33,576,388 shares of the pharmacy operator’s stock worth $3,128,984,000 after purchasing an additional 3,311,928 shares in the last quarter. Geode Capital Management LLC grew its position in shares of CVS Health by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 23,325,287 shares of the pharmacy operator’s stock valued at $1,607,886,000 after acquiring an additional 363,384 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of CVS Health by 103,371.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,547,559 shares of the pharmacy operator’s stock valued at $1,448,877,000 after acquiring an additional 15,532,533 shares during the period. Finally, Norges Bank bought a new position in shares of CVS Health during the 4th quarter valued at approximately $1,425,416,000. Institutional investors and hedge funds own 75.99% of the company’s stock. (Get Free Report) CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. |
2024-11-10 | ETF Daily News | The Allstate Co. (NYSE:ALL) Shares Sold by Leuthold Group LLC | Leuthold Group LLC lowered its position in The Allstate Co. (NYSE:ALL–Free Report) by 88.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,760 shares of the insurance provider’s stock after selling 27,515 shares during the quarter. Leuthold Group LLC’s holdings in Allstate were worth $410,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC boosted its stake in Allstate by 0.9% during the 1st quarter. Applied Finance Capital Management LLC now owns 104,489 shares of the insurance provider’s stock valued at $11,578,000 after acquiring an additional 958 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Allstate by 8.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,748 shares of the insurance provider’s stock worth $627,000 after purchasing an additional 460 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Allstate by 36.5% in the second quarter. First Horizon Advisors Inc. now owns 63,018 shares of the insurance provider’s stock valued at $6,872,000 after buying an additional 16,851 shares during the last quarter. Pictet Asset Management SA raised its stake in Allstate by 2.7% during the first quarter. Pictet Asset Management SA now owns 135,878 shares of the insurance provider’s stock valued at $15,057,000 after buying an additional 3,572 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Allstate by 19.3% during the 1st quarter. ProShare Advisors LLC now owns 63,582 shares of the insurance provider’s stock worth $7,046,000 after buying an additional 10,271 shares during the last quarter. 77.23% of the stock is owned by hedge funds and other institutional investors. Allstate stocktraded down $0.38 during trading hours on Friday, hitting $128.61. 85,683 shares of the company traded hands, compared to its average volume of 1,839,398. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $142.15. The firm has a market cap of $33.66 billion, a P/E ratio of -16.27 and a beta of 0.52. The firm’s 50-day simple moving average is $117.54 and its two-hundred day simple moving average is $113.11. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.64. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverAllstate (NYSE:ALL–Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.42. The business had revenue of $14.50 billion for the quarter, compared to analyst estimates of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned ($1.56) earnings per share. As a group, analysts forecast that The Allstate Co. will post -2.25 earnings per share for the current fiscal year. Several equities analysts recently issued reports on the company. Piper Sandler raised their price objective on Allstate from $137.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Bank of America cut their target price on shares of Allstate from $143.00 to $138.00 in a report on Wednesday, August 2nd. Roth Mkm upped their target price on Allstate from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Jefferies Financial Group raised their price target on Allstate from $117.00 to $119.00 in a report on Friday, October 6th. Finally, Barclays lowered their price objective on Allstate from $113.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.50. Check Out Our Latest Analysis on Allstate (Free Report) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names. Want to see what other hedge funds are holding ALL?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL–Free Report). |
2024-11-10 | ETF Daily News | Smithfield Trust Co Sells 1,500 Shares of WesBanco, Inc. (NASDAQ:WSBC) | Smithfield Trust Co lessened its stake in WesBanco, Inc. (NASDAQ:WSBC–Free Report) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,152 shares of the financial services provider’s stock after selling 1,500 shares during the quarter. Smithfield Trust Co owned about 0.08% of WesBanco worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in WesBanco by 1.3% in the first quarter. Vanguard Group Inc. now owns 5,973,790 shares of the financial services provider’s stock valued at $205,259,000 after acquiring an additional 75,273 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of WesBanco by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,668,134 shares of the financial services provider’s stock worth $143,311,000 after purchasing an additional 61,437 shares during the period. Macquarie Group Ltd. increased its stake in WesBanco by 2.4% during the 1st quarter. Macquarie Group Ltd. now owns 1,868,806 shares of the financial services provider’s stock worth $57,372,000 after purchasing an additional 44,630 shares in the last quarter. Earnest Partners LLC raised its holdings in WesBanco by 58.3% during the 2nd quarter. Earnest Partners LLC now owns 1,343,882 shares of the financial services provider’s stock worth $34,417,000 after buying an additional 494,936 shares during the period. Finally, Geode Capital Management LLC lifted its stake in WesBanco by 4.7% in the first quarter. Geode Capital Management LLC now owns 1,173,450 shares of the financial services provider’s stock valued at $36,025,000 after buying an additional 53,191 shares in the last quarter. 59.34% of the stock is owned by institutional investors. Shares ofWSBC stocktraded up $0.13 during trading on Friday, reaching $24.97. 6,798 shares of the company’s stock were exchanged, compared to its average volume of 213,758. The firm’s fifty day moving average price is $24.62 and its 200-day moving average price is $25.38. WesBanco, Inc. has a twelve month low of $19.84 and a twelve month high of $41.29. The stock has a market capitalization of $1.48 billion, a PE ratio of 8.87 and a beta of 0.89. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.61. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverWesBanco (NASDAQ:WSBC–Get Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.03). The company had revenue of $214.47 million during the quarter, compared to the consensus estimate of $149.29 million. WesBanco had a net margin of 22.39% and a return on equity of 7.76%. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, sell-side analysts anticipate that WesBanco, Inc. will post 2.57 EPS for the current year. The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend was Thursday, September 7th. WesBanco’s dividend payout ratio is presently 50.00%. A number of equities research analysts recently commented on WSBC shares. Hovde Group upgraded shares of WesBanco from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 13th. Royal Bank of Canada cut their price target on WesBanco from $30.00 to $28.00 in a report on Tuesday, October 10th.StockNews.comassumed coverage on WesBanco in a report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Piper Sandler cut their target price on WesBanco from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, WesBanco has an average rating of “Hold” and a consensus target price of $29.60. Get Our Latest Research Report on WSBC (Free Report) WesBanco, Inc operates as the bank holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services. The company operates in two segments, Community Banking, and Trust and Investment Services. It offers commercial demand, individual demand, and time deposit accounts; commercial, mortgage and individual installment loans; retail loans, such as residential real estate mortgage loans, home equity lines of credit, and loans for other consumer purposes; installment loans to finance the purchase of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and various non-traditional offerings, such as insurance and securities brokerage services. Want to see what other hedge funds are holding WSBC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for WesBanco, Inc. (NASDAQ:WSBC–Free Report). |
2024-11-10 | ETF Daily News | Bank Pictet & Cie Europe AG Takes Position in Tanger Factory Outlet Centers, Inc. (NYSE:SKT) | Bank Pictet & Cie Europe AG purchased a new stake in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT–Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,123 shares of the real estate investment trust’s stock, valued at approximately $312,000. Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Tanger Factory Outlet Centers by 151.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,112 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Tanger Factory Outlet Centers by 92.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,702 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,778 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Tanger Factory Outlet Centers in the first quarter worth $73,000. Point72 Hong Kong Ltd bought a new position in Tanger Factory Outlet Centers in the 1st quarter worth about $74,000. Finally, Advisory Services Network LLC increased its stake in Tanger Factory Outlet Centers by 84.7% in the 1st quarter. Advisory Services Network LLC now owns 3,845 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 1,763 shares during the last quarter. Institutional investors own 84.94% of the company’s stock. Shares ofNYSE:SKTopened at $24.03 on Friday. The stock’s 50-day moving average price is $23.03 and its 200-day moving average price is $22.19. Tanger Factory Outlet Centers, Inc. has a 12-month low of $17.22 and a 12-month high of $25.23. The stock has a market capitalization of $2.53 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 6.13 and a beta of 1.84. The company has a current ratio of 2.04, a quick ratio of 2.49 and a debt-to-equity ratio of 2.78. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.33%. This is a positive change from Tanger Factory Outlet Centers’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, October 30th. Tanger Factory Outlet Centers’s dividend payout ratio (DPR) is presently 119.54%. Several research analysts recently weighed in on SKT shares. Citigroup upped their price objective on shares of Tanger Factory Outlet Centers from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, August 24th. JPMorgan Chase & Co. raised shares of Tanger Factory Outlet Centers from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $25.00 in a report on Thursday, October 12th. Evercore ISI increased their target price on Tanger Factory Outlet Centers from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, August 7th. Bank of America increased their target price on Tanger Factory Outlet Centers from $18.50 to $20.00 and gave the company an “underperform” rating in a research note on Tuesday, August 22nd. Finally,StockNews.comassumed coverage on Tanger Factory Outlet Centers in a research report on Thursday, October 5th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.00. Get Our Latest Report on SKT (Free Report) Tanger Factory Outlet Centers, Inc (NYSE: SKT), a leading operator of upscale open-air outlet centers, fully or partially owns and/or manages a portfolio of 37 centers, including one center under development. Tanger's operating centers, which comprise approximately 14 million square feet, are located in 20 states and in Canada and are leased to over 2,700 stores operated by more than 600 different brand name companies. Want to see what other hedge funds are holding SKT?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Tanger Factory Outlet Centers, Inc. (NYSE:SKT–Free Report). |
2024-11-10 | ETF Daily News | CBIZ, Inc. (NYSE:CBZ) Insider Sells $215,926.31 in Stock | CBIZ, Inc. (NYSE:CBZ–Get Free Report) insider Ware H. Grove sold 3,911 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $55.21, for a total transaction of $215,926.31. Following the transaction, the insider now owns 274,524 shares in the company, valued at approximately $15,156,470.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthis hyperlink. NYSE:CBZopened at $55.96 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 23.22 and a beta of 0.75. The company has a 50 day moving average price of $53.30 and a 200-day moving average price of $52.99. CBIZ, Inc. has a 1-year low of $45.22 and a 1-year high of $56.96. CBIZ (NYSE:CBZ–Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.58 by $0.08. CBIZ had a net margin of 7.84% and a return on equity of 16.22%. The company had revenue of $410.54 million during the quarter, compared to analyst estimates of $395.53 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts forecast that CBIZ, Inc. will post 2.4 EPS for the current year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCBZ has been the topic of several recent analyst reports. Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, October 30th.StockNews.comassumed coverage on shares of CBIZ in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Check Out Our Latest Stock Report on CBZ A number of large investors have recently bought and sold shares of CBZ. Assetmark Inc. purchased a new stake in shares of CBIZ during the first quarter worth approximately $36,000. West Tower Group LLC acquired a new stake in shares of CBIZ during the second quarter worth $47,000. Federated Hermes Inc. lifted its holdings in shares of CBIZ by 56.4% during the third quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock worth $48,000 after purchasing an additional 403 shares during the period. Covestor Ltd raised its position in CBIZ by 136.5% in the second quarter. Covestor Ltd now owns 1,154 shares of the business services provider’s stock worth $62,000 after acquiring an additional 666 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in CBIZ by 53.3% in the second quarter. Pinebridge Investments L.P. now owns 1,159 shares of the business services provider’s stock worth $62,000 after acquiring an additional 403 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock. (Get Free Report) CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services. |
2024-11-10 | ETF Daily News | Sangoma Technologies (NASDAQ:SANG) Stock Rating Reaffirmed by Canaccord Genuity Group | Canaccord Genuity Group restated their hold rating on shares ofSangoma Technologies (NASDAQ:SANG–Free Report)in a report issued on Thursday,Benzingareports. Canaccord Genuity Group currently has a $3.25 price target on the stock, down from their previous price target of $8.00. Several other research analysts also recently commented on the stock. Northland Securities reduced their price target on shares of Sangoma Technologies from $13.00 to $8.00 and set an outperform rating on the stock in a research note on Thursday, September 28th. Canaccord Genuity Group cut shares of Sangoma Technologies from a buy rating to a hold rating and dropped their target price for the stock from $8.00 to $3.25 in a report on Thursday. Finally, TD Securities cut shares of Sangoma Technologies from a buy rating to a hold rating in a report on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sangoma Technologies presently has a consensus rating of Hold and an average price target of $7.20. Read Our Latest Stock Report on SANG Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSANG stockopened at $2.90 on Thursday. Sangoma Technologies has a 12 month low of $2.76 and a 12 month high of $5.95. The firm’s 50-day moving average is $3.42 and its 200 day moving average is $3.67. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. Sangoma Technologies (NASDAQ:SANG–Get Free Report) last posted its quarterly earnings results on Wednesday, September 27th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $63.68 million for the quarter, compared to the consensus estimate of $62.58 million. Sangoma Technologies had a negative net margin of 11.73% and a negative return on equity of 2.48%. On average, analysts anticipate that Sangoma Technologies will post -0.13 earnings per share for the current fiscal year. A number of institutional investors have recently modified their holdings of the company. PenderFund Capital Management Ltd. boosted its holdings in shares of Sangoma Technologies by 29.1% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 3,097,833 shares of the company’s stock valued at $15,427,000 after buying an additional 699,126 shares in the last quarter. Alberta Investment Management Corp grew its position in Sangoma Technologies by 25.0% during the 1st quarter. Alberta Investment Management Corp now owns 936,366 shares of the company’s stock worth $3,515,000 after purchasing an additional 186,980 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Sangoma Technologies by 10.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 433,136 shares of the company’s stock worth $2,030,000 after purchasing an additional 42,360 shares during the last quarter. Toronto Dominion Bank purchased a new stake in Sangoma Technologies during the 1st quarter worth approximately $1,493,000. Finally, Royal Bank of Canada grew its position in Sangoma Technologies by 16.8% during the 3rd quarter. Royal Bank of Canada now owns 151,135 shares of the company’s stock worth $793,000 after purchasing an additional 21,737 shares during the last quarter. 59.03% of the stock is currently owned by institutional investors. (Get Free Report) Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions. |
2024-11-10 | ETF Daily News | L.M. Kohn & Company Acquires 643 Shares of International Business Machines Co. (NYSE:IBM) | L.M. Kohn & Company boosted its stake in shares of International Business Machines Co. (NYSE:IBM–Free Report) by 41.4% in the second quarter,HoldingsChannelreports. The firm owned 2,198 shares of the technology company’s stock after purchasing an additional 643 shares during the quarter. L.M. Kohn & Company’s holdings in International Business Machines were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fiduciary Alliance LLC bought a new position in International Business Machines during the second quarter worth about $25,000. Live Oak Investment Partners bought a new position in shares of International Business Machines during the fourth quarter worth approximately $30,000. GW&K Investment Management LLC acquired a new stake in shares of International Business Machines in the first quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of International Business Machines in the second quarter valued at approximately $34,000. Finally, Pacific Center for Financial Services bought a new position in International Business Machines during the 1st quarter worth $41,000. 56.16% of the stock is currently owned by institutional investors and hedge funds. A number of research analysts recently commented on IBM shares. Bank of America boosted their price target on International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Stifel Nicolaus boosted their target price on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Wedbush reissued a “neutral” rating and set a $140.00 price objective on shares of International Business Machines in a report on Thursday, October 26th.StockNews.comcut International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Royal Bank of Canada reduced their price target on International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $149.09. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Analysis on IBM IBMopened at $146.98 on Friday. The company has a fifty day moving average of $143.95 and a 200-day moving average of $137.73. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $153.21. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 2.11. The stock has a market cap of $134.21 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76. International Business Machines (NYSE:IBM–Get Free Report) last released its earnings results on Wednesday, October 25th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.08. The company had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.73 billion. International Business Machines had a net margin of 11.32% and a return on equity of 38.51%. International Business Machines’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. On average, sell-side analysts predict that International Business Machines Co. will post 9.43 EPS for the current year. The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Investors of record on Friday, November 10th will be given a $1.66 dividend. The ex-dividend date is Thursday, November 9th. This represents a $6.64 annualized dividend and a yield of 4.52%. International Business Machines’s payout ratio is 88.06%. (Free Report) International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. Want to see what other hedge funds are holding IBM?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for International Business Machines Co. (NYSE:IBM–Free Report). |
2024-11-10 | ETF Daily News | Cargojet (CJT) – Analysts’ Weekly Ratings Changes | Cargojet(TSE: CJT) recently received a number of ratings updates from brokerages and research firms: CJTopened at C$87.81 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.79 and a debt-to-equity ratio of 82.01. The company has a market cap of C$1.51 billion, a price-to-earnings ratio of 11.09 and a beta of 0.95. The stock has a fifty day simple moving average of C$90.14 and a two-hundred day simple moving average of C$96.52. Cargojet Inc. has a 12-month low of C$76.50 and a 12-month high of C$143.61. Cargojet (TSE:CJT–Get Free Report) last announced its earnings results on Monday, August 14th. The company reported C$0.91 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.10 by C($0.19). Cargojet had a net margin of 15.69% and a return on equity of 18.01%. The business had revenue of C$209.70 million for the quarter, compared to the consensus estimate of C$229.40 million. Research analysts predict that Cargojet Inc. will post 4.4246719 earnings per share for the current fiscal year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.029 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Tuesday, December 19th. Cargojet’s payout ratio is 14.39%. Cargojet Inc provides time sensitive overnight air cargo services in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe. |
2024-11-10 | ETF Daily News | Fairfax Financial (TSE:FFH) PT Raised to C$1,500.00 | Fairfax Financial (TSE:FFH–Free Report)had its target price lifted by BMO Capital Markets from C$1,400.00 to C$1,500.00 in a research report report published on Monday morning,BayStreet.CAreports. The brokerage currently has an outperform rating on the stock. A number of other analysts have also recently weighed in on the stock. CIBC increased their price target on shares of Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the stock an outperform rating in a research note on Thursday, October 26th. National Bankshares raised their price objective on shares of Fairfax Financial from C$1,700.00 to C$1,800.00 and gave the stock an outperform rating in a research report on Wednesday, November 1st. Royal Bank of Canada raised their price objective on shares of Fairfax Financial from C$980.00 to C$1,020.00 and gave the stock an outperform rating in a research report on Monday. Finally, Scotiabank raised their price objective on shares of Fairfax Financial from C$1,500.00 to C$1,650.00 and gave the stock an outperform rating in a research report on Monday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Fairfax Financial presently has a consensus rating of Buy and a consensus price target of C$1,511.67. View Our Latest Stock Analysis on FFH Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofTSE FFHopened at C$1,235.00 on Monday. The stock has a market cap of C$30.07 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.27 and a beta of 0.87. Fairfax Financial has a twelve month low of C$709.00 and a twelve month high of C$1,271.05. The stock has a 50 day moving average of C$1,143.69 and a two-hundred day moving average of C$1,055.81. The company has a current ratio of 3.36, a quick ratio of 0.93 and a debt-to-equity ratio of 33.72. In related news, insider Andrew Barnard sold 200 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of C$845.00, for a total transaction of C$169,000.00. In other news, insider Andrew Barnard sold 200 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$845.00, for a total transaction of C$169,000.00. Also, Director Brian Johnson Porter bought 250 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of C$1,265.00 per share, with a total value of C$316,250.00. Following the completion of the purchase, the director now owns 850 shares in the company, valued at approximately C$1,075,250. Insiders sold a total of 1,300 shares of company stock valued at $1,490,860 over the last three months. 3.61% of the stock is currently owned by company insiders. (Get Free Report) Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments. |
2024-11-10 | ETF Daily News | Great-West Lifeco Inc. (TSE:GWO) to Issue $0.52 Quarterly Dividend | Great-West Lifeco Inc.(TSE:GWO–Get Free Report) declared a quarterly dividend on Wednesday, November 8th,Zacksreports. Investors of record on Thursday, November 30th will be given a dividend of 0.52 per share on Friday, December 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, November 29th. Great-West Lifeco stocktraded up C$0.45 during midday trading on Friday, reaching C$40.29. The stock had a trading volume of 137,309 shares, compared to its average volume of 2,171,546. Great-West Lifeco has a 12 month low of C$29.58 and a 12 month high of C$41.28. The firm has a market capitalization of C$37.52 billion, a PE ratio of 16.60, a P/E/G ratio of 2.26 and a beta of 0.81. The company has a quick ratio of 22.18, a current ratio of 26.63 and a debt-to-equity ratio of 31.98. The firm’s 50-day moving average price is C$39.18 and its 200 day moving average price is C$38.93. Great-West Lifeco (TSE:GWO–Get Free Report) last posted its earnings results on Tuesday, August 8th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.92 by C$0.07. Great-West Lifeco had a net margin of 5.08% and a return on equity of 8.52%. The business had revenue of C$5.94 billion for the quarter. As a group, research analysts predict that Great-West Lifeco will post 4.1520165 earnings per share for the current fiscal year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverA number of analysts have recently issued reports on GWO shares. BMO Capital Markets lifted their price objective on shares of Great-West Lifeco from C$40.00 to C$42.00 in a report on Thursday, August 10th. Royal Bank of Canada upped their target price on Great-West Lifeco from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. CIBC lifted their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 in a research note on Thursday, August 10th. Desjardins cut their price objective on shares of Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. Finally, TD Securities increased their target price on shares of Great-West Lifeco from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$41.22. Get Our Latest Stock Report on Great-West Lifeco (Get Free Report) Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations. |
2024-11-10 | ETF Daily News | Sana Biotechnology (NASDAQ:SANA) Trading Down 9% | Sana Biotechnology, Inc. (NASDAQ:SANA–Get Free Report)’s share price traded down 9% on Wednesday . The stock traded as low as $3.49 and last traded at $3.53. 738,405 shares were traded during trading, a decline of 37% from the average session volume of 1,168,637 shares. The stock had previously closed at $3.88. Several research analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Sana Biotechnology in a research note on Tuesday, September 5th. They set a “buy” rating and a $8.00 price objective on the stock. JMP Securities reduced their price objective on shares of Sana Biotechnology from $9.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 12th. Finally, TD Cowen began coverage on shares of Sana Biotechnology in a research note on Monday, August 14th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Sana Biotechnology presently has an average rating of “Moderate Buy” and an average target price of $10.00. Read Our Latest Stock Analysis on Sana Biotechnology Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe firm’s fifty day simple moving average is $3.89 and its 200 day simple moving average is $5.24. Sana Biotechnology (NASDAQ:SANA–Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.04. Equities analysts anticipate that Sana Biotechnology, Inc. will post -1.52 earnings per share for the current fiscal year. A number of hedge funds and other institutional investors have recently made changes to their positions in SANA. Metropolitan Life Insurance Co NY raised its holdings in shares of Sana Biotechnology by 59.3% in the second quarter. Metropolitan Life Insurance Co NY now owns 5,125 shares of the company’s stock valued at $31,000 after purchasing an additional 1,907 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of Sana Biotechnology in the fourth quarter valued at approximately $37,000. Jump Financial LLC acquired a new stake in shares of Sana Biotechnology in the third quarter valued at approximately $52,000. American Century Companies Inc. raised its holdings in shares of Sana Biotechnology by 72.1% in the first quarter. American Century Companies Inc. now owns 18,465 shares of the company’s stock valued at $57,000 after purchasing an additional 7,734 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Sana Biotechnology by 74.5% in the second quarter. Royal Bank of Canada now owns 9,737 shares of the company’s stock valued at $58,000 after purchasing an additional 4,157 shares during the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report) Sana Biotechnology, Inc, a biotechnology company, focuses on utilizing engineered cells as medicines. The company develops ex vivo and in vivo cell engineering platforms for various therapeutic areas with unmet treatment needs, including oncology, diabetes, central nervous system disorders, cardiovascular diseases, genetic disorders, and others. |
2024-11-10 | ETF Daily News | Q4 2023 EPS Estimates for iA Financial Co. Inc. Decreased by Analyst (TSE:IAG) | iA Financial Co. Inc. (TSE:IAG–Free Report) – Investment analysts at Cormark decreased their Q4 2023 earnings per share (EPS) estimates for shares of iA Financial in a report issued on Thursday, November 9th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $2.51 for the quarter, down from their previous forecast of $2.55. The consensus estimate for iA Financial’s current full-year earnings is $10.44 per share. Cormark also issued estimates for iA Financial’s Q1 2024 earnings at $2.44 EPS, Q2 2024 earnings at $2.58 EPS, Q3 2024 earnings at $2.70 EPS, Q4 2024 earnings at $2.84 EPS and FY2024 earnings at $10.55 EPS. A number of other brokerages have also commented on IAG. TD Securities cut their price target on iA Financial from C$6.00 to C$5.50 in a research note on Monday, August 14th. Royal Bank of Canada lifted their price objective on iA Financial from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research note on Thursday. Desjardins cut their price objective on iA Financial from C$95.00 to C$94.00 and set a “hold” rating on the stock in a research note on Thursday, October 12th. National Bank Financial cut their price objective on iA Financial from C$4.75 to C$4.50 in a research note on Monday, August 14th. Finally, CIBC cut their price objective on iA Financial from C$96.00 to C$95.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$72.14. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCheck Out Our Latest Stock Report on iA Financial Shares ofIAG stockopened at C$84.26 on Friday. The business’s 50-day moving average price is C$84.09 and its 200-day moving average price is C$86.96. iA Financial has a 12 month low of C$69.63 and a 12 month high of C$93.90. The firm has a market capitalization of C$8.65 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.26 and a beta of 1.17. The company has a current ratio of 5.63, a quick ratio of 0.17 and a debt-to-equity ratio of 35.49. In other news, insider iA Financial Corporation Inc. acquired 27,800 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was purchased at an average price of C$84.78 per share, for a total transaction of C$2,356,959.06. Corporate insiders own 0.13% of the company’s stock. The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.765 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.06 annualized dividend and a dividend yield of 3.63%. iA Financial’s dividend payout ratio is 27.92%. (Get Free Report) iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations businesses. |
2024-11-10 | ETF Daily News | iA Financial Co. Inc. (TSE:IAG) to Post Q4 2023 Earnings of $2.65 Per Share, Desjardins Forecasts | iA Financial Co. Inc. (TSE:IAG–Free Report) – Equities research analysts at Desjardins raised their Q4 2023 earnings estimates for shares of iA Financial in a report issued on Wednesday, November 8th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $2.65 for the quarter, up from their prior estimate of $2.59. Desjardins currently has a “Hold” rating and a $94.00 price target on the stock. The consensus estimate for iA Financial’s current full-year earnings is $10.44 per share. Desjardins also issued estimates for iA Financial’s FY2024 earnings at $10.50 EPS and FY2025 earnings at $11.30 EPS. A number of other equities research analysts have also issued reports on IAG. CIBC reduced their target price on shares of iA Financial from C$96.00 to C$95.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Royal Bank of Canada increased their target price on shares of iA Financial from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities reduced their target price on shares of iA Financial from C$6.00 to C$5.50 in a report on Monday, August 14th. Finally, National Bank Financial reduced their target price on shares of iA Financial from C$4.75 to C$4.50 in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$72.14. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Research Report on iA Financial TSE:IAGopened at C$84.26 on Friday. The stock has a market capitalization of C$8.65 billion, a P/E ratio of 7.69, a PEG ratio of 1.26 and a beta of 1.17. iA Financial has a fifty-two week low of C$69.63 and a fifty-two week high of C$93.90. The company has a debt-to-equity ratio of 35.49, a quick ratio of 0.17 and a current ratio of 5.63. The company has a 50 day moving average price of C$84.09 and a 200 day moving average price of C$86.96. In other iA Financial news, insider iA Financial Corporation Inc. acquired 27,800 shares of the stock in a transaction on Monday, October 2nd. The shares were bought at an average cost of C$84.78 per share, with a total value of C$2,356,959.06. 0.13% of the stock is currently owned by insiders. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, November 16th. iA Financial’s payout ratio is currently 27.92%. (Get Free Report) iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations businesses. |
2024-11-10 | ETF Daily News | Vera Therapeutics (NASDAQ:VERA) Shares Gap Up to $11.51 | Vera Therapeutics, Inc. (NASDAQ:VERA–Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $11.51, but opened at $13.00. Vera Therapeutics shares last traded at $12.19, with a volume of 132,701 shares changing hands. Several research analysts recently commented on VERA shares. Guggenheim started coverage on shares of Vera Therapeutics in a report on Tuesday, August 15th. They issued a “buy” rating and a $27.00 price target on the stock. HC Wainwright raised their price target on shares of Vera Therapeutics from $10.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. Jefferies Financial Group upgraded shares of Vera Therapeutics from a “hold” rating to a “buy” rating and raised their price target for the company from $18.00 to $26.00 in a report on Friday. Finally, Wedbush lifted their price objective on shares of Vera Therapeutics from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.20. Read Our Latest Stock Analysis on VERA Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.18. The company has a market cap of $536.27 million, a PE ratio of -3.43 and a beta of 0.61. The business’s 50 day moving average price is $13.38 and its 200-day moving average price is $13.36. Vera Therapeutics (NASDAQ:VERA–Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.23. As a group, analysts forecast that Vera Therapeutics, Inc. will post -2.26 earnings per share for the current year. In other Vera Therapeutics news, CEO Marshall Fordyce sold 5,210 shares of Vera Therapeutics stock in a transaction on Monday, August 21st. The shares were sold at an average price of $16.66, for a total value of $86,798.60. Following the completion of the transaction, the chief executive officer now owns 243,361 shares of the company’s stock, valued at $4,054,394.26. The transaction was disclosed in a filing with the SEC, which is accessible throughthe SEC website. Corporate insiders own 22.60% of the company’s stock. A number of hedge funds have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY boosted its holdings in shares of Vera Therapeutics by 42.2% during the second quarter. Metropolitan Life Insurance Co NY now owns 1,888 shares of the company’s stock valued at $30,000 after acquiring an additional 560 shares during the period. Tower Research Capital LLC TRC increased its holdings in Vera Therapeutics by 810.4% in the first quarter. Tower Research Capital LLC TRC now owns 4,834 shares of the company’s stock worth $38,000 after buying an additional 4,303 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Vera Therapeutics by 163.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,792 shares of the company’s stock valued at $45,000 after purchasing an additional 1,731 shares during the last quarter. UBS Group AG acquired a new position in Vera Therapeutics during the first quarter valued at approximately $47,000. Finally, Royal Bank of Canada grew its holdings in Vera Therapeutics by 94.8% during the second quarter. Royal Bank of Canada now owns 3,339 shares of the company’s stock valued at $54,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock. (Get Free Report) Vera Therapeutics, Inc, a clinical stage biotechnology company, focuses on developing and commercializing treatments for patients with serious immunological diseases. Its lead product candidate is atacicept, a fusion protein self-administered as a subcutaneous injection that is in Phase IIb clinical trial for patients with immunoglobulin A nephropathy; and for treatment of lupus nephritis. |
2024-11-10 | ETF Daily News | National Bank Financial Comments on Intact Financial Co.’s Q4 2023 Earnings (TSE:IFC) | Intact Financial Co. (TSE:IFC–Free Report) – Equities researchers at National Bank Financial raised their Q4 2023 earnings per share (EPS) estimates for Intact Financial in a note issued to investors on Wednesday, November 8th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $3.81 per share for the quarter, up from their previous estimate of $3.57. The consensus estimate for Intact Financial’s current full-year earnings is $13.74 per share. National Bank Financial also issued estimates for Intact Financial’s FY2025 earnings at $15.08 EPS. Several other analysts also recently commented on IFC. Scotiabank increased their price objective on Intact Financial from C$227.00 to C$232.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group lowered their price objective on Intact Financial from C$210.00 to C$207.00 in a research note on Thursday, August 10th. BMO Capital Markets increased their price objective on Intact Financial from C$225.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Thursday. Desjardins increased their price objective on Intact Financial from C$225.00 to C$230.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, CIBC set a C$225.00 price target on Intact Financial and gave the company an “outperform” rating in a research report on Thursday, September 14th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Intact Financial has a consensus rating of “Buy” and an average target price of C$223.18. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Analysis on Intact Financial Shares ofIntact Financial stockopened at C$206.13 on Friday. The company has a market cap of C$36.76 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.01 and a beta of 0.56. Intact Financial has a 52 week low of C$182.01 and a 52 week high of C$208.04. The business has a 50 day moving average price of C$197.28 and a 200-day moving average price of C$198.15. The company has a quick ratio of 0.28, a current ratio of 0.39 and a debt-to-equity ratio of 35.29. The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, December 14th. Intact Financial’s dividend payout ratio is currently 61.62%. (Get Free Report) Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance. |
2024-11-10 | ETF Daily News | Mitsubishi UFJ Trust & Banking Corp Sells 30,347 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) | Mitsubishi UFJ Trust & Banking Corp reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 325,183 shares of the financial services provider’s stock after selling 30,347 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Intercontinental Exchange were worth $36,772,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in Intercontinental Exchange by 187.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Spire Wealth Management raised its stake in Intercontinental Exchange by 374.6% in the first quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 236 shares in the last quarter. Oakworth Capital Inc. raised its stake in Intercontinental Exchange by 53.9% in the second quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 104 shares in the last quarter. Old North State Trust LLC raised its stake in Intercontinental Exchange by 227.3% in the first quarter. Old North State Trust LLC now owns 1,270 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 882 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in shares of Intercontinental Exchange during the third quarter worth approximately $48,000. 87.91% of the stock is currently owned by institutional investors. In other news, PresidentBenjamin Jacksonsold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $108.72, for a total value of $543,600.00. Following the sale, the president now directly owns 125,184 shares in the company, valued at $13,610,004.48. The sale was disclosed in a document filed with the SEC, which is available atthis link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 88,683 shares of Intercontinental Exchange stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $10,005,216.06. Following the completion of the sale, the chief executive officer now directly owns 1,169,965 shares of the company’s stock, valued at approximately $131,995,451.30. The sale was disclosed in a filing with the SEC, which is available atthe SEC website. Also, PresidentBenjamin Jacksonsold 5,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $108.72, for a total value of $543,600.00. Following the transaction, the president now directly owns 125,184 shares in the company, valued at approximately $13,610,004.48. The disclosure for this sale can be foundhere. In the last ninety days, insiders sold 100,202 shares of company stock valued at $11,299,952. Company insiders own 1.10% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Intercontinental Exchange from $134.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Rosenblatt Securities decreased their price target on shares of Intercontinental Exchange from $168.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd.StockNews.comraised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Raymond James decreased their target price on shares of Intercontinental Exchange from $137.00 to $135.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 5th. Finally, Barclays decreased their target price on shares of Intercontinental Exchange from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 10th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.42. View Our Latest Stock Analysis on Intercontinental Exchange Intercontinental Exchange stockopened at $108.55 on Friday. Intercontinental Exchange, Inc. has a 52-week low of $94.16 and a 52-week high of $118.79. The company has a market cap of $62.13 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.67 and a beta of 0.98. The firm’s fifty day moving average is $110.88 and its 200 day moving average is $111.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 14th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.55%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 38.98%. (Free Report) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. Want to see what other hedge funds are holding ICE?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICE–Free Report). |
2024-11-10 | ETF Daily News | The Hartford Financial Services Group, Inc. (NYSE:HIG) Receives Consensus Recommendation of “Moderate Buy” from Analysts | Shares of The Hartford Financial Services Group, Inc. (NYSE:HIG–Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock,Marketbeat Ratingsreports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $85.43. Several analysts have recently issued reports on the company. Piper Sandler increased their price objective on The Hartford Financial Services Group from $93.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $77.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, July 31st. Citigroup dropped their price objective on The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. Morgan Stanley raised their price objective on The Hartford Financial Services Group from $76.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, Raymond James raised their price objective on The Hartford Financial Services Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. View Our Latest Stock Report on The Hartford Financial Services Group Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNYSE:HIGopened at $73.33 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $72.07 and its two-hundred day moving average is $71.63. The Hartford Financial Services Group has a 52 week low of $64.25 and a 52 week high of $79.44. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. The Hartford Financial Services Group (NYSE:HIG–Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.34. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.17 billion. The Hartford Financial Services Group had a return on equity of 19.05% and a net margin of 9.62%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. Research analysts anticipate that The Hartford Financial Services Group will post 8.11 EPS for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 1st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.43. The Hartford Financial Services Group’s payout ratio is currently 23.32%. In other The Hartford Financial Services Group news, EVPStephanie C. Bushsold 5,000 shares of The Hartford Financial Services Group stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $72.74, for a total value of $363,700.00. Following the sale, the executive vice president now owns 10,063 shares of the company’s stock, valued at approximately $731,982.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available throughthe SEC website. In the last 90 days, insiders have sold 6,003 shares of company stock valued at $436,159. 1.80% of the stock is owned by corporate insiders. Hedge funds and other institutional investors have recently modified their holdings of the stock. Raleigh Capital Management Inc. lifted its position in shares of The Hartford Financial Services Group by 72.4% during the 1st quarter. Raleigh Capital Management Inc. now owns 362 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 152 shares during the period. Jones Financial Companies Lllp raised its position in shares of The Hartford Financial Services Group by 120.6% during the 1st quarter. Jones Financial Companies Lllp now owns 375 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 205 shares during the last quarter. Arlington Partners LLC acquired a new position in shares of The Hartford Financial Services Group during the 1st quarter worth approximately $27,000. Selway Asset Management acquired a new position in shares of The Hartford Financial Services Group during the 3rd quarter worth approximately $29,000. Finally, MV Capital Management Inc. grew its stake in The Hartford Financial Services Group by 372.7% in the 1st quarter. MV Capital Management Inc. now owns 416 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 328 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report The Hartford Financial Services Group, Inc provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally. Its Commercial Lines segment offers insurance coverages, including workers' compensation, property, automobile, general and professional liability, package business, umbrella, fidelity and surety, marine, livestock, and reinsurance through regional offices, branches, sales and policyholder service centers, independent retail agents and brokers, wholesale agents, and reinsurance brokers. |
2024-11-10 | ETF Daily News | RLI Corp. (RLI) To Go Ex-Dividend on November 29th | RLI Corp.(NYSE:RLI–Get Free Report) announced a quarterly dividend on Wednesday, November 8th,Wall Street Journalreports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.27 per share by the insurance provider on Wednesday, December 20th. This represents a $1.08 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 29th. RLI has raised its dividend payment by an average of 4.2% per year over the last three years and has raised its dividend every year for the last 49 years. RLI has a dividend payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RLI to earn $5.61 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 19.3%. RLIopened at $133.75 on Friday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.37 and a beta of 0.39. The firm’s fifty day moving average price is $135.43 and its two-hundred day moving average price is $134.07. RLI has a 1 year low of $123.04 and a 1 year high of $149.65. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRLI (NYSE:RLI–Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.08 by $0.53. The business had revenue of $331.69 million for the quarter, compared to the consensus estimate of $377.71 million. RLI had a net margin of 20.00% and a return on equity of 17.75%. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, equities analysts anticipate that RLI will post 4.74 EPS for the current year. Several hedge funds and other institutional investors have recently modified their holdings of RLI. Eagle Bay Advisors LLC bought a new position in shares of RLI in the second quarter worth approximately $25,000. Compass Wealth Management LLC bought a new position in shares of RLI in the fourth quarter worth approximately $32,000. Point72 Hong Kong Ltd bought a new position in shares of RLI in the second quarter worth approximately $65,000. Covestor Ltd increased its position in shares of RLI by 52.4% in the first quarter. Covestor Ltd now owns 759 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 261 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of RLI in the second quarter worth approximately $95,000. 79.23% of the stock is currently owned by institutional investors. Several research firms have commented on RLI. Compass Point upped their price objective on shares of RLI from $165.00 to $170.00 in a report on Thursday, July 27th.StockNews.combegan coverage on shares of RLI in a report on Thursday, October 5th. They set a “hold” rating on the stock. Jefferies Financial Group began coverage on RLI in a research report on Thursday, September 7th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Royal Bank of Canada decreased their price target on RLI from $151.00 to $148.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 25th. View Our Latest Research Report on RLI (Get Free Report) RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. |
2024-11-10 | ETF Daily News | Balboa Wealth Partners Takes $390,000 Position in Taylor Morrison Home Co. (NYSE:TMHC) | Balboa Wealth Partners bought a new position in Taylor Morrison Home Co. (NYSE:TMHC–Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,992 shares of the construction company’s stock, valued at approximately $390,000. Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC bought a new position in Taylor Morrison Home during the first quarter valued at approximately $44,000. CWM LLC lifted its holdings in shares of Taylor Morrison Home by 39.0% during the 1st quarter. CWM LLC now owns 1,653 shares of the construction company’s stock worth $63,000 after acquiring an additional 464 shares during the period. Quantbot Technologies LP acquired a new stake in Taylor Morrison Home during the first quarter valued at approximately $77,000. Covestor Ltd raised its holdings in shares of Taylor Morrison Home by 100.5% in the 1st quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock worth $84,000 after buying an additional 1,540 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $108,000. Hedge funds and other institutional investors own 95.32% of the company’s stock. Shares ofTMHC stocktraded up $0.49 on Friday, hitting $42.65. The stock had a trading volume of 48,306 shares, compared to its average volume of 970,110. Taylor Morrison Home Co. has a twelve month low of $26.41 and a twelve month high of $52.09. The company has a current ratio of 5.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.58 billion, a P/E ratio of 5.33 and a beta of 1.79. The company has a fifty day moving average price of $42.49 and a two-hundred day moving average price of $44.90. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverIn other news, CEOSheryl Palmersold 112,500 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $46.01, for a total transaction of $5,176,125.00. Following the completion of the sale, the chief executive officer now owns 399,942 shares of the company’s stock, valued at $18,401,331.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthis hyperlink. 5.50% of the stock is owned by insiders. A number of equities analysts have commented on the stock.StockNews.comlowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group increased their target price on Taylor Morrison Home from $47.00 to $56.00 in a report on Thursday, July 27th. Barclays cut their price target on Taylor Morrison Home from $55.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, October 12th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Taylor Morrison Home from $49.00 to $43.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average target price of $49.42. Check Out Our Latest Report on TMHC (Free Report) Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services. Want to see what other hedge funds are holding TMHC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Taylor Morrison Home Co. (NYSE:TMHC–Free Report). |
2024-11-10 | ETF Daily News | Ceridian HCM Holding Inc. (NYSE:CDAY) CEO Leagh Erin Turner Sells 7,084 Shares | Ceridian HCM Holding Inc. (NYSE:CDAY–Get Free Report) CEOLeagh Erin Turnersold 7,084 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $66.05, for a total transaction of $467,898.20. Following the sale, the chief executive officer now owns 245,201 shares in the company, valued at $16,195,526.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthe SEC website. Leagh Erin Turner also recently made the following trade(s): Shares ofNYSE CDAYopened at $64.97 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 1.10. The stock has a fifty day moving average price of $69.57 and a 200 day moving average price of $67.49. Ceridian HCM Holding Inc. has a 1-year low of $55.62 and a 1-year high of $79.66. The company has a market cap of $10.11 billion, a PE ratio of 2,166.39, a P/E/G ratio of 3.30 and a beta of 1.43. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverA number of analysts recently weighed in on CDAY shares. Needham & Company LLC restated a “buy” rating and set a $82.00 target price on shares of Ceridian HCM in a research note on Thursday, November 2nd. Piper Sandler reissued a “neutral” rating and issued a $73.00 price objective on shares of Ceridian HCM in a report on Thursday, October 12th. The Goldman Sachs Group started coverage on Ceridian HCM in a report on Monday, October 23rd. They issued a “neutral” rating and a $74.00 price objective for the company. TD Cowen downgraded Ceridian HCM from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $69.00 to $71.00 in a report on Thursday, July 13th. Finally, UBS Group started coverage on Ceridian HCM in a report on Tuesday. They issued a “buy” rating and a $87.00 price objective for the company. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94. View Our Latest Stock Analysis on CDAY Several large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its position in Ceridian HCM by 1.0% in the third quarter. Rhumbline Advisers now owns 285,818 shares of the company’s stock worth $19,393,000 after acquiring an additional 2,817 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Ceridian HCM by 15.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,289 shares of the company’s stock worth $2,123,000 after acquiring an additional 4,251 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Ceridian HCM by 8.9% in the third quarter. Artisan Partners Limited Partnership now owns 3,924,755 shares of the company’s stock worth $266,295,000 after acquiring an additional 321,396 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Ceridian HCM in the third quarter worth $658,000. Finally, State of New Jersey Common Pension Fund D raised its position in Ceridian HCM by 2.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 82,298 shares of the company’s stock worth $5,584,000 after acquiring an additional 1,753 shares in the last quarter. (Get Free Report) Ceridian HCM Holding Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. |
2024-11-10 | ETF Daily News | Rambus Inc. (NASDAQ:RMBS) Director Emiko Higashi Sells 8,000 Shares of Stock | Rambus Inc. (NASDAQ:RMBS–Get Free Report) Director Emiko Higashi sold 8,000 shares of Rambus stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $60.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 57,686 shares in the company, valued at $3,461,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthis hyperlink. Shares ofNASDAQ:RMBSopened at $59.32 on Friday. The firm has a market cap of $6.38 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 2.99 and a beta of 1.23. The firm’s fifty day moving average is $56.24 and its 200-day moving average is $56.81. Rambus Inc. has a 52 week low of $34.77 and a 52 week high of $68.54. Rambus (NASDAQ:RMBS–Get Free Report) last issued its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.52. The company had revenue of $105.30 million for the quarter, compared to analyst estimates of $131.20 million. Rambus had a net margin of 63.15% and a return on equity of 19.08%. Rambus’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Sell-side analysts forecast that Rambus Inc. will post 1.44 EPS for the current year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRMBS has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $73.00 price objective on shares of Rambus in a research note on Tuesday, September 19th.StockNews.cominitiated coverage on shares of Rambus in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. TheStreet upgraded shares of Rambus from a “c+” rating to a “b+” rating in a research report on Monday, July 31st. Susquehanna raised their target price on shares of Rambus from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Friday, July 21st. Finally, Jefferies Financial Group raised their target price on shares of Rambus from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Rambus has an average rating of “Moderate Buy” and a consensus price target of $64.80. Check Out Our Latest Stock Analysis on RMBS Hedge funds have recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its holdings in Rambus by 2.0% in the second quarter. Crossmark Global Holdings Inc. now owns 8,606 shares of the semiconductor company’s stock valued at $538,000 after buying an additional 165 shares during the period. Diversified Trust Co lifted its holdings in Rambus by 1.0% in the second quarter. Diversified Trust Co now owns 20,388 shares of the semiconductor company’s stock valued at $1,308,000 after buying an additional 198 shares during the period. Xponance Inc. lifted its holdings in Rambus by 3.3% in the second quarter. Xponance Inc. now owns 6,399 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 206 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Rambus by 0.7% in the third quarter. State Board of Administration of Florida Retirement System now owns 31,193 shares of the semiconductor company’s stock valued at $1,740,000 after buying an additional 220 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its holdings in Rambus by 3.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,749 shares of the semiconductor company’s stock valued at $242,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock. (Get Free Report) Rambus Inc provides semiconductor products in the United States, Taiwan, South Korea, Japan, Europe, Canada, Singapore, China, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, and OEMs; silicon IP comprising, interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and physical interface and digital controller IP to offer industry-leading, integrated memory, and interconnect subsystems. |
2024-11-10 | ETF Daily News | Glassman Wealth Services Lowers Position in MetLife, Inc. (NYSE:MET) | Glassman Wealth Services lowered its position in MetLife, Inc. (NYSE:MET–Free Report) by 21.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,299 shares of the financial services provider’s stock after selling 357 shares during the period. Glassman Wealth Services’ holdings in MetLife were worth $73,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors also recently added to or reduced their stakes in the business. Synovus Financial Corp raised its position in MetLife by 11.4% in the first quarter. Synovus Financial Corp now owns 17,847 shares of the financial services provider’s stock worth $1,260,000 after acquiring an additional 1,829 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of MetLife during the 1st quarter worth $225,000. Baird Financial Group Inc. increased its holdings in shares of MetLife by 179.7% in the 1st quarter. Baird Financial Group Inc. now owns 540,081 shares of the financial services provider’s stock valued at $37,957,000 after purchasing an additional 346,999 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in shares of MetLife by 937.3% in the first quarter. Zions Bancorporation N.A. now owns 5,861 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 5,296 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in MetLife by 114.5% during the first quarter. Brown Brothers Harriman & Co. now owns 3,419 shares of the financial services provider’s stock worth $240,000 after buying an additional 1,825 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock. Shares ofNYSE METopened at $59.31 on Friday. The company has a 50-day simple moving average of $62.23 and a 200-day simple moving average of $59.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $43.90 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. MetLife, Inc. has a 12 month low of $48.95 and a 12 month high of $77.36. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverMetLife (NYSE:MET–Get Free Report) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.02). The firm had revenue of $15.87 billion for the quarter, compared to analyst estimates of $17.49 billion. MetLife had a return on equity of 19.14% and a net margin of 3.60%. The firm’s revenue was down 28.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, equities analysts anticipate that MetLife, Inc. will post 7.57 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, November 8th. MetLife’s dividend payout ratio is currently 76.47%. A number of brokerages have issued reports on MET.StockNews.cominitiated coverage on shares of MetLife in a report on Thursday, October 5th. They issued a “hold” rating for the company. Jefferies Financial Group upgraded MetLife from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $72.00 in a research report on Wednesday, September 13th. Royal Bank of Canada raised their price target on MetLife from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. JPMorgan Chase & Co. cut their price target on MetLife from $85.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, October 6th. Finally, Citigroup raised their target price on shares of MetLife from $76.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.18. View Our Latest Stock Analysis on MET (Free Report) MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. Want to see what other hedge funds are holding MET?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:MET–Free Report). |
2024-11-11 | ETF Daily News | Rhumbline Advisers Buys 69,025 Shares of CVS Health Co. (NYSE:CVS) | Rhumbline Advisers increased its stake in CVS Health Co. (NYSE:CVS–Free Report) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,712,466 shares of the pharmacy operator’s stock after acquiring an additional 69,025 shares during the period. Rhumbline Advisers owned about 0.21% of CVS Health worth $187,513,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in CVS. Live Oak Investment Partners purchased a new stake in shares of CVS Health in the 4th quarter valued at $25,000. LifePro Asset Management bought a new position in shares of CVS Health during the second quarter valued at about $37,000. 25 LLC purchased a new position in shares of CVS Health in the first quarter worth about $39,000. Northwest Capital Management Inc purchased a new stake in CVS Health during the 2nd quarter valued at about $44,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in CVS Health during the 2nd quarter worth approximately $48,000. Institutional investors own 75.99% of the company’s stock. In related news, DirectorEdward J. Ludwigbought 2,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $70.47 per share, with a total value of $140,940.00. Following the completion of the acquisition, the director now owns 20,630 shares of the company’s stock, valued at $1,453,796.10. The purchase was disclosed in a filing with the SEC, which is available throughthis hyperlink. 0.25% of the stock is owned by insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNYSE CVSopened at $67.68 on Friday. CVS Health Co. has a 12 month low of $64.41 and a 12 month high of $104.83. The stock’s fifty day moving average price is $69.59 and its 200-day moving average price is $70.18. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market cap of $87.10 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.74 and a beta of 0.58. CVS Health (NYSE:CVS–Get Free Report) last announced its earnings results on Wednesday, November 1st. The pharmacy operator reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.08. The company had revenue of $89.76 billion during the quarter, compared to analyst estimates of $88.29 billion. CVS Health had a net margin of 2.47% and a return on equity of 15.36%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 earnings per share. As a group, equities analysts forecast that CVS Health Co. will post 8.59 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were given a $0.605 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $2.42 annualized dividend and a dividend yield of 3.58%. CVS Health’s payout ratio is 36.50%. Several brokerages have recently issued reports on CVS. Edward Jones cut shares of CVS Health from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Piper Sandler lowered their price objective on shares of CVS Health from $85.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, September 1st.StockNews.comlowered shares of CVS Health from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Sanford C. Bernstein dropped their price objective on CVS Health from $93.00 to $80.00 in a report on Tuesday, October 10th. Finally, Royal Bank of Canada reduced their target price on CVS Health from $91.00 to $86.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.59. View Our Latest Stock Report on CVS (Free Report) CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. |
2024-11-11 | ETF Daily News | The Cigna Group (NYSE:CI) Position Boosted by Hikari Tsushin Inc. | Hikari Tsushin Inc. grew its holdings in shares of The Cigna Group (NYSE:CI–Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,911 shares of the health services provider’s stock after purchasing an additional 883 shares during the period. Hikari Tsushin Inc.’s holdings in The Cigna Group were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently made changes to their positions in CI. Fisher Asset Management LLC boosted its holdings in shares of The Cigna Group by 4,247.4% in the second quarter. Fisher Asset Management LLC now owns 826 shares of the health services provider’s stock worth $232,000 after buying an additional 807 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in shares of The Cigna Group by 2,451.2% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 23,905 shares of the health services provider’s stock worth $6,708,000 after purchasing an additional 22,968 shares in the last quarter. Archer Investment Corp lifted its position in shares of The Cigna Group by 1,038.5% in the second quarter. Archer Investment Corp now owns 148 shares of the health services provider’s stock worth $42,000 after purchasing an additional 135 shares in the last quarter. AlphaCentric Advisors LLC lifted its position in shares of The Cigna Group by 30.4% in the second quarter. AlphaCentric Advisors LLC now owns 1,631 shares of the health services provider’s stock worth $458,000 after purchasing an additional 380 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of The Cigna Group by 23.5% in the second quarter. Geneos Wealth Management Inc. now owns 808 shares of the health services provider’s stock worth $227,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 85.32% of the company’s stock. NYSE:CItraded up $4.30 during trading hours on Friday, hitting $293.21. 1,224,704 shares of the company traded hands, compared to its average volume of 1,643,568. The stock has a market capitalization of $85.80 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.04 and a beta of 0.65. The Cigna Group has a twelve month low of $240.50 and a twelve month high of $340.11. The firm has a 50-day moving average of $294.22 and a 200 day moving average of $279.80. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe Cigna Group (NYSE:CI–Get Free Report) last announced its quarterly earnings results on Thursday, November 2nd. The health services provider reported $6.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.68 by $0.09. The firm had revenue of $49.05 billion for the quarter, compared to analyst estimates of $48.14 billion. The Cigna Group had a net margin of 2.79% and a return on equity of 12.62%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.04 EPS. On average, analysts forecast that The Cigna Group will post 24.82 EPS for the current year. The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a $1.23 dividend. This represents a $4.92 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 5th. The Cigna Group’s dividend payout ratio (DPR) is presently 27.75%. In other The Cigna Group news, EVPCynthia Ryansold 3,768 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $282.22, for a total value of $1,063,404.96. Following the sale, the executive vice president now owns 5,503 shares of the company’s stock, valued at approximately $1,553,056.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available atthis link. In other news, EVPCynthia Ryansold 3,768 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $282.22, for a total value of $1,063,404.96. Following the sale, the executive vice president now owns 5,503 shares of the company’s stock, valued at approximately $1,553,056.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed throughthe SEC website. Also, EVPNicole S. Jonessold 7,819 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $276.86, for a total transaction of $2,164,768.34. Following the completion of the sale, the executive vice president now directly owns 30,069 shares in the company, valued at approximately $8,324,903.34. The disclosure for this sale can be foundhere. Insiders own 0.60% of the company’s stock. Several equities analysts recently weighed in on CI shares. Sanford C. Bernstein raised their price objective on shares of The Cigna Group from $326.00 to $330.00 in a research report on Tuesday, October 10th. Wells Fargo & Company raised their price objective on shares of The Cigna Group from $284.00 to $300.00 in a research report on Wednesday, August 9th. Raymond James raised their price objective on shares of The Cigna Group from $310.00 to $330.00 and gave the company a “strong-buy” rating in a research report on Monday, August 7th. Royal Bank of Canada boosted their price objective on shares of The Cigna Group from $300.00 to $327.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Finally, Edward Jones cut shares of The Cigna Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, The Cigna Group has an average rating of “Moderate Buy” and an average target price of $336.40. Check Out Our Latest Analysis on The Cigna Group (Free Report) The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. |
2024-11-11 | ETF Daily News | Rational Advisors LLC Has $27,000 Stock Holdings in UnitedHealth Group Incorporated (NYSE:UNH) | Rational Advisors LLC lowered its position in shares of UnitedHealth Group Incorporated (NYSE:UNH–Free Report) by 99.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56 shares of the healthcare conglomerate’s stock after selling 5,606 shares during the quarter. Rational Advisors LLC’s holdings in UnitedHealth Group were worth $27,000 at the end of the most recent reporting period. A number of other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC boosted its position in UnitedHealth Group by 100.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,014 shares of the healthcare conglomerate’s stock worth $1,449,000 after acquiring an additional 1,514 shares during the last quarter. Edge Capital Group LLC boosted its position in UnitedHealth Group by 27.3% during the 2nd quarter. Edge Capital Group LLC now owns 2,838 shares of the healthcare conglomerate’s stock worth $1,364,000 after acquiring an additional 608 shares during the last quarter. Resolute Wealth Strategies LLC raised its stake in shares of UnitedHealth Group by 2.4% during the 2nd quarter. Resolute Wealth Strategies LLC now owns 1,808 shares of the healthcare conglomerate’s stock worth $869,000 after purchasing an additional 43 shares in the last quarter. 9258 Wealth Management LLC raised its stake in shares of UnitedHealth Group by 6.8% during the 2nd quarter. 9258 Wealth Management LLC now owns 3,911 shares of the healthcare conglomerate’s stock worth $1,880,000 after purchasing an additional 249 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in shares of UnitedHealth Group by 10.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 3,302 shares of the healthcare conglomerate’s stock worth $1,587,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock. A number of equities research analysts have recently issued reports on UNH shares. Royal Bank of Canada upped their price objective on UnitedHealth Group from $572.00 to $596.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th.StockNews.comcut UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. JPMorgan Chase & Co. increased their price target on UnitedHealth Group from $527.00 to $532.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Jefferies Financial Group increased their price target on UnitedHealth Group from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Monday, October 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $591.00 price target on shares of UnitedHealth Group in a research note on Thursday, September 14th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $578.30. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Analysis on UNH UNHopened at $541.11 on Friday. The firm has a market cap of $500.48 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63. UnitedHealth Group Incorporated has a 52-week low of $445.68 and a 52-week high of $553.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average is $513.54 and its 200-day moving average is $496.70. UnitedHealth Group (NYSE:UNH–Get Free Report) last released its quarterly earnings data on Friday, October 13th. The healthcare conglomerate reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.23. The business had revenue of $92.36 billion for the quarter, compared to analyst estimates of $91.41 billion. UnitedHealth Group had a return on equity of 26.58% and a net margin of 6.02%. UnitedHealth Group’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $5.79 earnings per share. Sell-side analysts expect that UnitedHealth Group Incorporated will post 24.94 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th will be given a $1.88 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $7.52 annualized dividend and a yield of 1.39%. UnitedHealth Group’s dividend payout ratio is presently 32.64%. In other UnitedHealth Group news, EVPErin Mcsweeneysold 4,498 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $544.28, for a total value of $2,448,171.44. Following the completion of the transaction, the executive vice president now directly owns 9,218 shares in the company, valued at $5,017,173.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available throughthe SEC website. In other news, Director Stephen J. Hemsley sold 121,515 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $540.58, for a total transaction of $65,688,578.70. Following the completion of the transaction, the director now directly owns 521,818 shares in the company, valued at $282,084,374.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis hyperlink. Also, EVPErin Mcsweeneysold 4,498 shares of UnitedHealth Group stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $544.28, for a total value of $2,448,171.44. Following the completion of the sale, the executive vice president now owns 9,218 shares of the company’s stock, valued at $5,017,173.04. The disclosure for this sale can be foundhere. Corporate insiders own 0.35% of the company’s stock. (Free Report) UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. |
2024-11-11 | ETF Daily News | Aveo Capital Partners LLC Increases Holdings in International Business Machines Co. (NYSE:IBM) | Aveo Capital Partners LLC grew its holdings in International Business Machines Co. (NYSE:IBM–Free Report) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,155 shares of the technology company’s stock after acquiring an additional 309 shares during the period. Aveo Capital Partners LLC’s holdings in International Business Machines were worth $422,000 as of its most recent filing with the Securities & Exchange Commission. Other large investors have also made changes to their positions in the company. Fiduciary Alliance LLC bought a new position in shares of International Business Machines during the 2nd quarter valued at approximately $25,000. Live Oak Investment Partners purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $30,000. GW&K Investment Management LLC bought a new position in shares of International Business Machines during the 1st quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in International Business Machines in the second quarter worth $34,000. Finally, Pacific Center for Financial Services bought a new position in International Business Machines during the first quarter valued at $41,000. 56.16% of the stock is currently owned by hedge funds and other institutional investors. IBMopened at $149.03 on Friday. The business’s 50-day moving average is $143.98 and its two-hundred day moving average is $137.89. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $153.21. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.91 and a quick ratio of 0.86. The firm has a market capitalization of $136.08 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverInternational Business Machines (NYSE:IBM–Get Free Report) last posted its earnings results on Wednesday, October 25th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.08. The company had revenue of $14.75 billion for the quarter, compared to analyst estimates of $14.73 billion. International Business Machines had a return on equity of 38.51% and a net margin of 11.32%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Research analysts anticipate that International Business Machines Co. will post 9.43 earnings per share for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be issued a $1.66 dividend. This represents a $6.64 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio is presently 88.06%. Several brokerages recently commented on IBM. Bank of America upped their price target on shares of International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Stifel Nicolaus increased their target price on International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. BMO Capital Markets increased their target price on International Business Machines from $152.00 to $155.00 and gave the stock a “market perform” rating in a research note on Thursday, October 26th. Royal Bank of Canada reduced their target price on International Business Machines from $188.00 to $179.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, Morgan Stanley cut their price target on International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 17th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $149.09. Check Out Our Latest Report on International Business Machines (Free Report) International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. |
2024-11-11 | ETF Daily News | Commerce Bank Sells 10,822 Shares of CoStar Group, Inc. (NASDAQ:CSGP) | Commerce Bank cut its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP–Free Report) by 17.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,167 shares of the technology company’s stock after selling 10,822 shares during the period. Commerce Bank’s holdings in CoStar Group were worth $4,465,000 as of its most recent filing with the SEC. Other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in CoStar Group by 75.5% during the first quarter. Quarry LP now owns 358 shares of the technology company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in CoStar Group during the first quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its position in CoStar Group by 355.6% during the first quarter. Global Retirement Partners LLC now owns 410 shares of the technology company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new position in CoStar Group during the fourth quarter valued at approximately $30,000. Finally, Connectus Wealth LLC boosted its position in CoStar Group by 4.0% during the first quarter. Connectus Wealth LLC now owns 54,022 shares of the technology company’s stock valued at $37,000 after purchasing an additional 2,059 shares during the last quarter. 96.53% of the stock is owned by institutional investors and hedge funds. CoStar Group stockopened at $79.65 on Friday. The stock’s fifty day moving average price is $78.01 and its two-hundred day moving average price is $80.56. CoStar Group, Inc. has a one year low of $65.12 and a one year high of $92.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 13.31 and a quick ratio of 13.31. The firm has a market cap of $32.53 billion, a PE ratio of 80.45, a price-to-earnings-growth ratio of 3.69 and a beta of 0.87. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCSGP has been the subject of several recent research reports. TheStreet cut CoStar Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 26th. Robert W. Baird cut their price objective on CoStar Group from $100.00 to $98.00 in a research report on Wednesday, July 26th. BMO Capital Markets cut their price objective on CoStar Group from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. cut their price objective on CoStar Group from $114.00 to $104.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.09. Check Out Our Latest Stock Analysis on CoStar Group (Free Report) CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. Want to see what other hedge funds are holding CSGP?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP–Free Report). |
2024-11-11 | ETF Daily News | Majesco (NYSEAMERICAN:MJCO) Trading 0.2% Higher | Majesco (NYSEAMERICAN:MJCO–Get Free Report)’s share price traded up 0.2% during mid-day trading on Thursday . The stock traded as high as $16.06 and last traded at $16.00. 903,400 shares changed hands during mid-day trading, an increase of 1,953% from the average session volume of 44,007 shares. The stock had previously closed at $15.97. (Get Free Report) Majesco provides insurance software, consulting services, and other insurance technology solutions for business transformation of the insurance industry in the United States, Canada, Mexico, the United Kingdom, Malaysia, Singapore, Thailand, and India. It offers insurance software solutions for property and casualty (P&C)/general insurance, life and annuity (L&A), and pensions and group/benefits providers. |
2024-11-11 | ETF Daily News | Insight Inv LLC Has $1.30 Million Position in The PNC Financial Services Group, Inc. (NYSE:PNC) | Insight Inv LLC lifted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,299 shares of the financial services provider’s stock after buying an additional 1,050 shares during the period. Insight Inv LLC’s holdings in The PNC Financial Services Group were worth $1,297,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc acquired a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at about $25,000. Centerpoint Advisors LLC purchased a new position in The PNC Financial Services Group during the first quarter valued at approximately $26,000. Fiduciary Alliance LLC acquired a new position in The PNC Financial Services Group in the 2nd quarter valued at approximately $27,000. Roffman Miller Associates Inc. PA purchased a new stake in The PNC Financial Services Group in the 2nd quarter worth approximately $30,000. Finally, Chilton Capital Management LLC purchased a new position in shares of The PNC Financial Services Group during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 80.14% of the company’s stock. A number of analysts recently issued reports on the company. Piper Sandler lifted their price objective on The PNC Financial Services Group from $130.00 to $131.00 and gave the company a “neutral” rating in a research report on Friday, September 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of The PNC Financial Services Group in a research note on Tuesday, October 24th. Wells Fargo & Company reduced their price objective on shares of The PNC Financial Services Group from $186.00 to $176.00 in a research note on Wednesday, July 19th. Credit Suisse Group cut their target price on The PNC Financial Services Group from $145.00 to $135.00 in a report on Wednesday, July 19th. Finally, Stephens lowered their price objective on The PNC Financial Services Group from $143.00 to $138.00 and set an “equal weight” rating on the stock in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $150.99. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Stock Analysis on The PNC Financial Services Group The PNC Financial Services Group stocktraded up $1.07 during mid-day trading on Friday, reaching $120.43. The company had a trading volume of 1,585,710 shares, compared to its average volume of 2,532,364. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. The firm has a market cap of $47.97 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.06 and a beta of 1.14. The company has a 50 day moving average of $119.43 and a 200-day moving average of $122.79. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $170.27. The PNC Financial Services Group (NYSE:PNC–Get Free Report) last released its earnings results on Friday, October 13th. The financial services provider reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.50. The PNC Financial Services Group had a net margin of 20.39% and a return on equity of 12.91%. The business had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the company earned $3.78 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, sell-side analysts expect that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Monday, October 16th. The PNC Financial Services Group’s dividend payout ratio is presently 43.03%. (Free Report) The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. Want to see what other hedge funds are holding PNC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report). |
2024-11-11 | ETF Daily News | Bradley Foster & Sargent Inc. CT Increases Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC) | Bradley Foster & Sargent Inc. CT lifted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 12.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,573 shares of the financial services provider’s stock after acquiring an additional 628 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in The PNC Financial Services Group were worth $702,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company. Aspire Private Capital LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $16,268,800,000. MUFG Securities EMEA plc acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $25,000. Centerpoint Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $26,000. Fiduciary Alliance LLC acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $27,000. Finally, Roffman Miller Associates Inc. PA acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.14% of the company’s stock. Shares ofThe PNC Financial Services Group stockopened at $120.43 on Friday. The company has a fifty day moving average price of $119.43 and a 200 day moving average price of $122.79. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $170.27. The stock has a market cap of $47.97 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe PNC Financial Services Group (NYSE:PNC–Get Free Report) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.32 billion. The PNC Financial Services Group had a net margin of 20.39% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 EPS. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 13.86 earnings per share for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were given a $1.55 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $6.20 dividend on an annualized basis and a yield of 5.15%. The PNC Financial Services Group’s payout ratio is currently 43.03%. PNC has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price objective on shares of The PNC Financial Services Group in a research report on Tuesday, October 24th. Stephens cut their price target on The PNC Financial Services Group from $143.00 to $138.00 and set an “equal weight” rating for the company in a report on Monday, October 16th. Jefferies Financial Group boosted their price target on The PNC Financial Services Group from $112.00 to $127.00 in a report on Tuesday, October 10th. Wells Fargo & Company cut their price target on The PNC Financial Services Group from $186.00 to $176.00 in a report on Wednesday, July 19th. Finally, Bank of America upgraded The PNC Financial Services Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Hold” and an average target price of $150.99. Read Our Latest Stock Report on The PNC Financial Services Group (Free Report) The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. |
2024-11-11 | ETF Daily News | The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Rhumbline Advisers | Rhumbline Advisers trimmed its stake in The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 777,635 shares of the financial services provider’s stock after selling 1,341 shares during the period. Rhumbline Advisers owned about 0.20% of The PNC Financial Services Group worth $97,943,000 as of its most recent filing with the SEC. Several other institutional investors have also recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new stake in shares of The PNC Financial Services Group in the 2nd quarter worth $25,000. Centerpoint Advisors LLC acquired a new stake in The PNC Financial Services Group in the 1st quarter worth about $26,000. Fiduciary Alliance LLC purchased a new position in The PNC Financial Services Group during the second quarter worth approximately $27,000. Roffman Miller Associates Inc. PA purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter worth $30,000. Finally, Chilton Capital Management LLC purchased a new stake in The PNC Financial Services Group during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 80.14% of the company’s stock. Shares ofPNCopened at $120.43 on Friday. The firm has a market capitalization of $47.97 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.06 and a beta of 1.14. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $170.27. The firm’s fifty day simple moving average is $119.43 and its 200-day simple moving average is $122.79. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe PNC Financial Services Group (NYSE:PNC–Get Free Report) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The PNC Financial Services Group had a return on equity of 12.91% and a net margin of 20.39%. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business earned $3.78 earnings per share. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities analysts forecast that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Monday, October 16th. The PNC Financial Services Group’s payout ratio is 43.03%. PNC has been the subject of several research analyst reports.StockNews.comraised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Thursday. Odeon Capital Group lowered shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 target price on shares of The PNC Financial Services Group in a research report on Tuesday, October 24th. Stephens decreased their target price on shares of The PNC Financial Services Group from $143.00 to $138.00 and set an “equal weight” rating for the company in a research note on Monday, October 16th. Finally, Wells Fargo & Company dropped their target price on The PNC Financial Services Group from $186.00 to $176.00 in a report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.99. View Our Latest Research Report on PNC (Free Report) The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. Want to see what other hedge funds are holding PNC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report). |
2024-11-11 | ETF Daily News | Acadian Asset Management LLC Has $3.44 Million Stake in Ally Financial Inc. (NYSE:ALLY) | Acadian Asset Management LLC lifted its position in shares of Ally Financial Inc. (NYSE:ALLY–Free Report) by 148.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,315 shares of the financial services provider’s stock after purchasing an additional 76,152 shares during the period. Acadian Asset Management LLC’s holdings in Ally Financial were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds and other institutional investors also recently made changes to their positions in ALLY. Sessa Capital IM L.P. boosted its holdings in Ally Financial by 426.5% in the first quarter. Sessa Capital IM L.P. now owns 9,493,106 shares of the financial services provider’s stock valued at $241,979,000 after acquiring an additional 7,689,915 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Ally Financial by 195.1% during the 4th quarter. Millennium Management LLC now owns 6,058,768 shares of the financial services provider’s stock worth $148,137,000 after buying an additional 4,005,417 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ally Financial by 233.9% during the 4th quarter. AQR Capital Management LLC now owns 4,118,432 shares of the financial services provider’s stock worth $100,160,000 after buying an additional 2,884,833 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Ally Financial by 72.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 5,679,873 shares of the financial services provider’s stock worth $144,780,000 after buying an additional 2,386,445 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Ally Financial by 424.2% during the 2nd quarter. AustralianSuper Pty Ltd now owns 2,446,124 shares of the financial services provider’s stock worth $66,070,000 after buying an additional 1,979,526 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors. A number of equities analysts have issued reports on ALLY shares. Morgan Stanley cut their price target on Ally Financial from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, October 19th. TheStreet lowered Ally Financial from a “b-” rating to a “c+” rating in a research report on Friday, October 13th. BMO Capital Markets lowered their target price on Ally Financial from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 19th. Bank of America lowered their price target on Ally Financial from $30.00 to $28.00 in a research report on Tuesday, October 10th. Finally, TD Cowen began coverage on Ally Financial in a research report on Wednesday, November 1st. They issued a “market perform” rating and a $28.00 price target for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ally Financial has a consensus rating of “Hold” and an average target price of $29.78. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Analysis on Ally Financial Shares ofNYSE ALLYopened at $25.54 on Friday. Ally Financial Inc. has a 52 week low of $21.58 and a 52 week high of $35.78. The business has a 50-day simple moving average of $26.08 and a two-hundred day simple moving average of $26.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The company has a market cap of $7.70 billion, a P/E ratio of 6.98 and a beta of 1.38. Ally Financial (NYSE:ALLY–Get Free Report) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. Ally Financial had a return on equity of 11.36% and a net margin of 14.64%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Ally Financial Inc. will post 3.2 earnings per share for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 4.70%. Ally Financial’s payout ratio is currently 32.79%. (Free Report) Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. |
2024-11-11 | The Times of India | India’s social stock exchanges will see more listings and tweaks | iStock Representational image Being the first one to try out something in a new domain can give the risk-taker a first-mover advantage. However, Ramesh Swamy, director of Bengaluru-headquartered not-for-profit SGBS Unnati Foundation , jokes that they had to overcome the “first-mover disadvantage”. Unnati, which works on skilling underprivileged youth to increase their employability, is set to be the first NGO to list on India’s new social stock exchanges (SSE) later this month, following its zero-coupon, zero-principal (ZCZP) bond issue that opened on October 30. But with everything around it being so new, challenges were aplenty. “When I approached the Registrar of Companies and said I needed to file a particular form, they asked me what a social stock exchange was,” he laughs. The last date for the Rs 2 crore issue was originally November 7 but has been extended to November 22. Director AS Narayanan says this was to ensure the issue will be fully subscribed. “We are sure it will be—it’s just a matter of time,” he says. Swamy, too, is optimistic. “The (stock) exchanges have been extremely proactive. It’s a work in progress but it was important that this happens now since the SSE was announced in 2019.” Four years ago, in the July 2019 Budget, Union Finance Minister Nirmala Sitharaman proposed setting up an electronic fund-raising platform “under the regulatory ambit of Securities and Exchange Board of India (Sebi)” for listing social enterprises and voluntary organisations that are “working for the realisation of a social welfare objective so that they can raise capital….” Following multiple consultations, SSE platforms were set up as segments on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in 2022 and early 2023, respectively. With the first listing under way, there is finally a sense of optimism. R Balasubramaniam, who heads the Sebi advisory committee on SSE, is hoping for another 5 listings next month and 20 by the end of the financial year. Hemant Gupta, who heads the BSE SSE, is more cautious and says there are several in the pipeline, with at least two-three more this year, which will set the momentum. “A lot of new ground had to be covered such as coming up with a new instrument like ZCZP, which is neither an equity nor a bond but also meets Sebi’s comfort levels. Overall, I’m satisfied with the progress,” he says. All stakeholders agree that even though the process has begun, wrinkles are still being ironed out and change will not happen overnight. HELLO, RETAIL DONORS A social stock exchange is a platform for for-profit social enterprises and/or not-for-profit organisations, which aim for social impact, to raise capital. Countries like Canada and the UK have experimented with various models of SSE. “If you look at the journey of SSE, several emerged over the last few years, but most have gone,” says Balasubramaniam, who feels India can learn from others’ mistakes. While it took time to get the initiative off the ground in India, Balasubramaniam, founder of the nonprofit Grassroots Research and Advocacy Movement, says he is confident of its success for multiple reasons, including government support, a more mature ecosystem and factors like a fund to build capacity for the new process. A nonprofit wishing to list on a social bourse needs to first register with it and meet a host of criteria, make annual disclosures and produce extensive documentation, just as a company planning an IPO would. This includes a detailed fund-raise document with financial statements, risks, past social impact and the strategy to achieve its vision. To mobilise funds on an SSE, NGOs can currently issue zero-coupon, zero-principal bonds, instruments which will not give you interest or return the principal and are essentially like a donation. Other instruments like mutual funds have also been recommended. Both NGOs and for-profit social enterprises will have to go through annual social audits to gauge impact. Gupta says while the exchanges are meant for both NGOs and social enterprises, the bulk of interest is from the former. “The regulations began to be issued from July 2022. Since then, scores of NGOs have come forward and shown interest but very few social enterprises.” At the end of August, 31 nonprofits had registered with both exchanges. Currently, nonprofits raise money largely from philanthropic foundations, high net-worth individuals, corporate social responsibility (CSR) funds of companies and foreign donations, though the current Union government has considerably tightened the rules around the last. One aim of launching a social stock exchange is to increase fund-raising avenues by including more individual, or “retail”, donors. “Retail giving continues to be vastly untapped in India and is largely informal, such as donations to religious institutions or to the needy one knows. I feel this will bring in a larger pool of donors to the sector,” says Pushpa Aman Singh, founder of the NGO repository GuideStar India and member of Sebi’s advisory committee for SSE. The India Philanthropy Report 2023 by Bain & Company and Dasra estimates that only 22% of the contribution value of retail giving in India is from formal giving. The hope is that the extensive documentation and criteria that listing entails will attract more donors by increasing transparency and accountability. “We work with lakhs of donors on the GiveIndia platform. One of the biggest concerns we hear all the time is around trust: how can we trust that the money we are giving will be fully utilised and create the impact it claims?” says Atul Satija, CEO, GiveIndia, an online donation platform. “This is a huge problem and needs a lot of attention so I, personally, feel social stock exchanges are a welcome move.” By having a broader donor base, the idea is that the influence of an individual with disproportionate capital on the development paradigm will be limited, says Vineet Rai, founder, Aavishkaar group, and member of the first working group on social stock exchanges. “Concentrated funding by a philanthropist or foreign donor can make a nonprofit organisation prone to their influence and could go against the national interest—that was the thought process.” To appeal to a wider base and simplify the process, various changes are under consideration, such as giving tax exemption to the purchase of bonds, reducing the minimum application size from `2 lakh to `10,000, reducing the minimum issue size from `1 crore and allowing CSR funds to participate. To reduce the cost of application for NGOs, money from the capacity utilisation fund could be used. Says Unnati’s Swamy: “I was fortunate that the law firm Trilegal and the financial advisory firm Unitus Capital offered their services pro bono for the issue. Otherwise, that would have cost me at least `10 lakh.” For Unnati, the bond issue is not just about raising funds, he says. “This gives NGOs a chance to say our governance and social impact are perfect, which is very powerful. I have been in this space since 2011, but donors still grill us about our credibility.” Being the first off the block, all eyes are on how the issue will perform. Unnati needs to raise at least 75% of Rs 2 crore to avoid being under-subscribed. But even if this issue is a success, social stock exchanges will take time to become mainstream. GuideStar India’s Singh says one should not worry if the inflection point takes 15-20 years as it is critical to get the architecture right. Aavishkaar’s Rai says it will take less time and predicts that adoption will follow a “J curve”, wherein a novel idea takes a reasonable amount of time to get accepted, but once it does, finds scale. “I don’t expect the SSE to set everyone’s imagination on fire for another two years. But in five, it will be one of the most acceptable ways for both domestic and foreign capital to engage with India’s developmental thought process.” Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Saturday, 11 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition Industrial Growth Slows to 3-month Low in Sept India’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month, hit by an unfavorable base effect magnified by a shift in the festival calendar. Excess rainfall in September also disrupted output, impacting growth. Pai Cuts ₹1,400 crore Cheque for DK Debt, Books Aakash Seats Manipal Education and Medical Group chairman Ranjan Pai has invested Rs 1,400 crore (around $168 million) in Aakash Institute, a subsidiary of troubled edtech major Byju’s. More Students of ’24 Batch in Role Call at Manufacturing Cos Young minds are often up-to-date with the latest trends and technologies, possess a strong understanding of digital tools, and can contribute effectively towards digital transformation initiatives,” said Dilip Pattanayak, chief human resources officer at JSW Group. Read More News on social stock exchange sse unnati unnati listing unnati foundation stock market listing (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) 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2024-11-11 | ETF Daily News | Royal Bank of Canada Cuts Getty Realty (NYSE:GTY) Price Target to $30.00 | Getty Realty (NYSE:GTY–Free Report)had its price target trimmed by Royal Bank of Canada from $33.00 to $30.00 in a report published on Wednesday morning,Benzingareports. The firm currently has a sector perform rating on the real estate investment trust’s stock. A number of other analysts have also commented on GTY. JMP Securities cut their price objective on shares of Getty Realty from $39.00 to $33.00 and set a market outperform rating on the stock in a research report on Thursday, October 19th.StockNews.cominitiated coverage on shares of Getty Realty in a research report on Thursday, October 5th. They issued a hold rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $32.33. Read Our Latest Report on Getty Realty Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGetty Realty stockopened at $27.80 on Wednesday. The stock has a market capitalization of $1.47 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 8.24 and a beta of 0.88. Getty Realty has a twelve month low of $25.95 and a twelve month high of $36.49. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $28.08 and a 200-day moving average of $31.29. The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 28th will be given a dividend of $0.45 per share. This is a positive change from Getty Realty’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 6.47%. The ex-dividend date is Wednesday, December 27th. Getty Realty’s dividend payout ratio is 121.13%. Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in shares of Getty Realty in the second quarter valued at about $26,000. Parallel Advisors LLC raised its position in shares of Getty Realty by 8,776.9% in the second quarter. Parallel Advisors LLC now owns 1,154 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,141 shares during the period. Natixis bought a new position in shares of Getty Realty in the fourth quarter valued at about $42,000. Vestcor Inc bought a new position in shares of Getty Realty in the second quarter valued at about $57,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Getty Realty by 92.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,656 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 795 shares during the period. 83.55% of the stock is owned by institutional investors. (Get Free Report) Further ReadingFive stocks we like better than Getty RealtyStock Ratings and Recommendations: Understanding Analyst RatingsData giants MongoDB and Snowflake just got upgradedWhen to Sell a Stock for Profit or LossPlug Power at tipping point; it’s make or break time for hydrogenHow to Most Effectively Use the MarketBeat Earnings ScreenerPalantir’s Q3 earnings beat: Time to buy despite analyst caution?Receive News & Ratings for Getty Realty Daily- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies withMarketBeat.com's FREE daily email newsletter. |
2024-11-11 | ETF Daily News | Rhumbline Advisers Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP) | Rhumbline Advisers boosted its holdings in Roper Technologies, Inc. (NYSE:ROP–Free Report) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 215,958 shares of the industrial products company’s stock after acquiring an additional 3,251 shares during the period. Rhumbline Advisers owned 0.20% of Roper Technologies worth $103,833,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also modified their holdings of the business. HHM Wealth Advisors LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $26,000. Manitou Investment Management Ltd. acquired a new position in Roper Technologies in the 1st quarter valued at $29,000. Compass Wealth Management LLC purchased a new position in shares of Roper Technologies during the 4th quarter worth $30,000. Fortis Capital Advisors LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth $30,000. Finally, Barrett & Company Inc. purchased a new stake in shares of Roper Technologies in the first quarter valued at $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds. ROPopened at $517.15 on Friday. The stock has a market capitalization of $55.19 billion, a PE ratio of 18.92, a P/E/G ratio of 2.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.53 and a quick ratio of 0.49. Roper Technologies, Inc. has a 12-month low of $416.77 and a 12-month high of $518.60. The firm’s fifty day moving average price is $493.79 and its 200 day moving average price is $479.34. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRoper Technologies (NYSE:ROP–Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.11. Roper Technologies had a return on equity of 10.54% and a net margin of 48.77%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm earned $3.67 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Roper Technologies, Inc. will post 16.67 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.75 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.58%. Roper Technologies’s payout ratio is presently 9.99%. Several equities analysts recently weighed in on the company. Royal Bank of Canada reduced their target price on Roper Technologies from $587.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. Argus upped their price target on shares of Roper Technologies from $490.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Raymond James boosted their price objective on shares of Roper Technologies from $550.00 to $572.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 25th.StockNews.comstarted coverage on Roper Technologies in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Truist Financial restated a “buy” rating and set a $575.00 price target on shares of Roper Technologies in a research note on Friday, October 20th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $529.20. Read Our Latest Stock Report on Roper Technologies In related news, CFOJason Conleysold 2,857 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $502.05, for a total transaction of $1,434,356.85. Following the completion of the sale, the chief financial officer now owns 38,358 shares of the company’s stock, valued at approximately $19,257,633.90. The sale was disclosed in a legal filing with the SEC, which is available throughthis link. In other Roper Technologies news, DirectorChristopher Wrightsold 1,100 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $498.56, for a total transaction of $548,416.00. Following the completion of the transaction, the director now directly owns 36,727 shares of the company’s stock, valued at approximately $18,310,613.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available atthe SEC website. Also, CFOJason Conleysold 2,857 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $502.05, for a total transaction of $1,434,356.85. Following the completion of the sale, the chief financial officer now owns 38,358 shares in the company, valued at approximately $19,257,633.90. The disclosure for this sale can be foundhere. Over the last three months, insiders have sold 4,436 shares of company stock valued at $2,217,545. Company insiders own 0.94% of the company’s stock. (Free Report) Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations. Want to see what other hedge funds are holding ROP?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP–Free Report). |
2024-11-11 | ETF Daily News | Rational Advisors LLC Has $39,000 Stock Position in The Allstate Co. (NYSE:ALL) | Rational Advisors LLC reduced its position in shares of The Allstate Co. (NYSE:ALL–Free Report) by 94.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 362 shares of the insurance provider’s stock after selling 5,965 shares during the quarter. Rational Advisors LLC’s holdings in Allstate were worth $39,000 at the end of the most recent quarter. A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Allstate by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 24,850,782 shares of the insurance provider’s stock worth $3,442,082,000 after buying an additional 745,096 shares during the period. BlackRock Inc. raised its stake in Allstate by 1.7% during the 1st quarter. BlackRock Inc. now owns 22,113,322 shares of the insurance provider’s stock worth $2,450,377,000 after buying an additional 359,986 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Allstate by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after buying an additional 499,056 shares during the period. Geode Capital Management LLC increased its holdings in Allstate by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after purchasing an additional 63,438 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Allstate by 9.9% during the 1st quarter. American Century Companies Inc. now owns 5,151,470 shares of the insurance provider’s stock worth $570,808,000 after purchasing an additional 464,244 shares in the last quarter. 77.23% of the stock is owned by institutional investors and hedge funds. NYSE:ALLopened at $130.30 on Friday. The stock’s fifty day moving average price is $117.93 and its two-hundred day moving average price is $113.21. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $142.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.35 and a current ratio of 0.35. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverAllstate (NYSE:ALL–Get Free Report) last posted its earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.42. Allstate had a negative return on equity of 10.95% and a negative net margin of 3.51%. The firm had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $12.78 billion. During the same quarter in the prior year, the business posted ($1.56) earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts anticipate that The Allstate Co. will post -2.21 earnings per share for the current year. A number of analysts have commented on ALL shares. Barclays decreased their price objective on Allstate from $113.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, August 14th. Morgan Stanley reissued an “equal weight” rating and set a $117.00 price objective on shares of Allstate in a report on Tuesday, August 1st. Raymond James boosted their price objective on Allstate from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Monday, November 6th. Citigroup boosted their price objective on Allstate from $135.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, JPMorgan Chase & Co. reduced their target price on Allstate from $162.00 to $154.00 and set an “overweight” rating for the company in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.50. View Our Latest Stock Report on ALL (Free Report) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names. Want to see what other hedge funds are holding ALL?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL–Free Report). |
2024-11-11 | ETF Daily News | Rhumbline Advisers Has $144.38 Million Stock Position in Chubb Limited (NYSE:CB) | Rhumbline Advisers increased its holdings in shares of Chubb Limited (NYSE:CB–Free Report) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 749,791 shares of the financial services provider’s stock after purchasing an additional 1,756 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Chubb worth $144,380,000 as of its most recent SEC filing. A number of other hedge funds have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new position in shares of Chubb in the fourth quarter valued at $25,000. Guardian Wealth Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth about $25,000. Mcmillion Capital Management Inc. bought a new stake in shares of Chubb in the 2nd quarter valued at about $35,000. Altshuler Shaham Ltd bought a new position in Chubb during the fourth quarter worth about $47,000. Finally, Almanack Investment Partners LLC. acquired a new position in Chubb during the third quarter worth approximately $52,000. Institutional investors own 86.30% of the company’s stock. Shares ofNYSE:CBopened at $222.44 on Friday. The firm has a 50 day simple moving average of $211.61 and a 200 day simple moving average of $201.89. The company has a market cap of $90.75 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.14 and a beta of 0.61. Chubb Limited has a one year low of $183.40 and a one year high of $231.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.30 and a quick ratio of 0.30. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral brokerages have recently commented on CB. Deutsche Bank Aktiengesellschaft initiated coverage on Chubb in a research note on Wednesday, October 4th. They set a “buy” rating and a $269.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Chubb from $249.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 target price on shares of Chubb in a report on Tuesday, August 29th. Jefferies Financial Group lowered their price target on shares of Chubb from $217.00 to $215.00 in a report on Friday, October 6th. Finally, Barclays boosted their price objective on Chubb from $260.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.71. Check Out Our Latest Report on Chubb In other news, DirectorTheodore Shastasold 699 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $201.94, for a total value of $141,156.06. Following the completion of the transaction, the director now owns 14,511 shares of the company’s stock, valued at $2,930,351.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible throughthis link. In related news, insider John J. Lupica sold 17,810 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $218.76, for a total value of $3,896,115.60. Following the sale, the insider now directly owns 136,239 shares in the company, valued at $29,803,643.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Also, DirectorTheodore Shastasold 699 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $201.94, for a total value of $141,156.06. Following the sale, the director now directly owns 14,511 shares of the company’s stock, valued at approximately $2,930,351.34. The disclosure for this sale can be foundhere. Insiders have sold 59,364 shares of company stock worth $12,738,292 in the last 90 days. Insiders own 0.37% of the company’s stock. (Free Report) Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. |
2024-11-11 | ETF Daily News | The Allstate Co. (NYSE:ALL) Stock Position Decreased by Jacobi Capital Management LLC | Jacobi Capital Management LLC lessened its holdings in shares of The Allstate Co. (NYSE:ALL–Free Report) by 45.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,812 shares of the insurance provider’s stock after selling 4,777 shares during the period. Jacobi Capital Management LLC’s holdings in Allstate were worth $634,000 at the end of the most recent reporting period. A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Allstate by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 24,850,782 shares of the insurance provider’s stock valued at $3,442,082,000 after buying an additional 745,096 shares during the last quarter. BlackRock Inc. grew its position in Allstate by 1.7% in the 1st quarter. BlackRock Inc. now owns 22,113,322 shares of the insurance provider’s stock worth $2,450,377,000 after purchasing an additional 359,986 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Allstate by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,039,351 shares of the insurance provider’s stock worth $669,221,000 after purchasing an additional 499,056 shares during the last quarter. Geode Capital Management LLC grew its position in Allstate by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 5,815,257 shares of the insurance provider’s stock worth $643,015,000 after purchasing an additional 63,438 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Allstate by 9.9% in the 1st quarter. American Century Companies Inc. now owns 5,151,470 shares of the insurance provider’s stock worth $570,808,000 after purchasing an additional 464,244 shares during the last quarter. Institutional investors own 77.23% of the company’s stock. Several research analysts have commented on ALL shares. Raymond James upped their target price on shares of Allstate from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Allstate from $162.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, August 2nd. Jefferies Financial Group upped their target price on shares of Allstate from $117.00 to $119.00 in a research report on Friday, October 6th. Citigroup upped their target price on shares of Allstate from $135.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Piper Sandler increased their price objective on shares of Allstate from $137.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.50. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Stock Report on ALL Shares ofNYSE:ALLopened at $130.30 on Friday. The firm has a fifty day moving average of $117.93 and a two-hundred day moving average of $113.21. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $142.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.35 and a quick ratio of 0.35. Allstate (NYSE:ALL–Get Free Report) last issued its earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.42. The company had revenue of $14.50 billion during the quarter, compared to analyst estimates of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted ($1.56) EPS. Equities analysts predict that The Allstate Co. will post -2.21 earnings per share for the current year. (Free Report) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names. Want to see what other hedge funds are holding ALL?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL–Free Report). |
2024-11-11 | ETF Daily News | Canada Goose (NYSE:GOOS) Given a $11.00 Price Target at Evercore | Evercore set a $11.00 price target onCanada Goose (NYSE:GOOS–Free Report)in a research note released on Tuesday morning,BayStreet.CAreports. The firm currently has an in-line rating on the stock. Several other equities analysts have also recently commented on the stock. Barclays lowered their target price on shares of Canada Goose from $18.00 to $11.00 and set an equal weight rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Company cut shares of Canada Goose from an overweight rating to an equal weight rating and lowered their price objective for the stock from $25.00 to $20.00 in a research note on Thursday, October 19th. The Goldman Sachs Group lowered their price objective on shares of Canada Goose from $18.00 to $11.00 and set a neutral rating on the stock in a research note on Thursday, November 2nd. Evercore ISI began coverage on shares of Canada Goose in a research note on Tuesday. They issued an inline rating and a $11.00 price objective on the stock. Finally, Raymond James assumed coverage on shares of Canada Goose in a research note on Thursday, September 7th. They issued an outperform rating on the stock. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $17.18. Check Out Our Latest Stock Report on GOOS Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNYSE:GOOSopened at $10.12 on Tuesday. The company has a market cap of $1.04 billion, a PE ratio of 27.35, a P/E/G ratio of 1.14 and a beta of 1.68. The company’s 50-day moving average price is $13.37 and its 200 day moving average price is $15.93. Canada Goose has a fifty-two week low of $9.80 and a fifty-two week high of $24.73. The company has a quick ratio of 0.72, a current ratio of 2.03 and a debt-to-equity ratio of 1.34. A number of institutional investors have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC increased its position in Canada Goose by 34.1% during the first quarter. ArrowMark Colorado Holdings LLC now owns 4,217,772 shares of the company’s stock worth $81,192,000 after acquiring an additional 1,073,374 shares during the period. The Manufacturers Life Insurance Company increased its position in Canada Goose by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,155,701 shares of the company’s stock worth $73,966,000 after acquiring an additional 344,080 shares during the period. Massachusetts Financial Services Co. MA increased its position in Canada Goose by 0.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,236 shares of the company’s stock worth $48,997,000 after acquiring an additional 20,754 shares during the period. Goldman Sachs Group Inc. increased its position in Canada Goose by 135.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,930,284 shares of the company’s stock worth $34,764,000 after acquiring an additional 1,111,105 shares during the period. Finally, Royal Bank of Canada increased its holdings in Canada Goose by 3.9% in the 2nd quarter. Royal Bank of Canada now owns 1,835,661 shares of the company’s stock valued at $32,675,000 after buying an additional 69,658 shares during the period. Institutional investors own 50.24% of the company’s stock. (Get Free Report) Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other. |
2024-11-11 | ETF Daily News | Royal Bank of Canada Trims V2X (NYSE:VVX) Target Price to $55.00 | V2X (NYSE:VVX–Free Report)had its price objective trimmed by Royal Bank of Canada from $62.00 to $55.00 in a research note issued to investors on Tuesday,Benzingareports. The firm currently has an outperform rating on the stock. Separately, Raymond James lowered their target price on V2X from $65.00 to $60.00 and set a strong-buy rating on the stock in a research report on Tuesday. View Our Latest Report on V2X Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofVVXopened at $41.86 on Tuesday. V2X has a 52-week low of $36.45 and a 52-week high of $56.75. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.10 and a current ratio of 1.08. The business’s 50 day moving average price is $49.87 and its two-hundred day moving average price is $48.20. The firm has a market cap of $1.31 billion, a PE ratio of -39.12 and a beta of 0.95. V2X (NYSE:VVX–Get Free Report) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). V2X had a negative net margin of 0.84% and a positive return on equity of 11.00%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $966.66 million. During the same period last year, the firm posted $1.33 earnings per share. V2X’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that V2X will post 3.65 EPS for the current year. Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Management Inc. purchased a new stake in V2X in the 1st quarter valued at $29,000. Metropolitan Life Insurance Co NY bought a new position in V2X in the 4th quarter valued at $31,000. Amalgamated Bank bought a new position in V2X in the 4th quarter valued at $62,000. Wells Fargo & Company MN bought a new position in shares of V2X during the 4th quarter worth $84,000. Finally, SG Americas Securities LLC bought a new position in shares of V2X during the 3rd quarter worth $126,000. 95.89% of the stock is owned by hedge funds and other institutional investors. (Get Free Report) V2X, Inc provides critical mission solutions and support services to defense clients in the United States and internationally. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, and civilian clients. |
2024-11-11 | ETF Daily News | Fairfax Financial (TSE:FFH) Given New C$1,600.00 Price Target at Cormark | Fairfax Financial (TSE:FFH–Free Report)had its target price upped by Cormark from C$1,500.00 to C$1,600.00 in a report issued on Tuesday morning,BayStreet.CAreports. Cormark also issued estimates for Fairfax Financial’s FY2023 earnings at $227.84 EPS, FY2024 earnings at $192.45 EPS and FY2025 earnings at $212.35 EPS. A number of other brokerages have also recently commented on FFH. National Bankshares lifted their price target on Fairfax Financial from C$1,700.00 to C$1,800.00 and gave the stock an outperform rating in a research note on Wednesday, November 1st. CIBC lifted their price target on Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the stock an outperform rating in a research note on Thursday, October 26th. Royal Bank of Canada lifted their price target on Fairfax Financial from C$980.00 to C$1,020.00 and gave the stock an outperform rating in a research note on Monday, November 6th. BMO Capital Markets lifted their price target on Fairfax Financial from C$1,400.00 to C$1,500.00 and gave the stock an outperform rating in a research note on Monday, November 6th. Finally, Scotiabank lifted their price target on Fairfax Financial from C$1,500.00 to C$1,650.00 and gave the stock an outperform rating in a research note on Monday, November 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Fairfax Financial has an average rating of Buy and an average target price of C$1,511.67. View Our Latest Analysis on FFH Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofTSE:FFHopened at C$1,242.77 on Tuesday. The stock has a market cap of C$30.26 billion, a PE ratio of 7.31, a PEG ratio of 0.27 and a beta of 0.87. The company’s fifty day moving average is C$1,146.04 and its 200 day moving average is C$1,058.05. The company has a quick ratio of 0.93, a current ratio of 3.36 and a debt-to-equity ratio of 33.72. Fairfax Financial has a 52 week low of C$709.00 and a 52 week high of C$1,271.05. In other news, insider Andrew Barnard sold 100 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$842.00, for a total value of C$84,200.00. In other news, insider Andrew Barnard sold 100 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$842.00, for a total value of C$84,200.00. Also, Senior Officer Bradley Martin sold 1,000 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of C$1,237.66, for a total value of C$1,237,660.00. In the last three months, insiders have sold 1,300 shares of company stock worth $1,490,860. 3.61% of the stock is currently owned by insiders. (Get Free Report) Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments. |
2024-11-11 | ETF Daily News | Comparing Yamato (OTCMKTS:YATRY) and TFI International (NYSE:TFII) | Yamato (OTCMKTS:YATRY–Get Free Report) and TFI International (NYSE:TFII–Get Free Report) are both industrials companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, analyst recommendations, earnings, dividends, risk, institutional ownership and valuation. This table compares Yamato and TFI International’s net margins, return on equity and return on assets. 0.0% of Yamato shares are owned by institutional investors. Comparatively, 60.3% of TFI International shares are owned by institutional investors. 5.5% of TFI International shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThis is a breakdown of recent recommendations for Yamato and TFI International, as reported by MarketBeat.com. TFI International has a consensus price target of $150.71, indicating a potential upside of 35.06%. Given TFI International’s higher probable upside, analysts clearly believe TFI International is more favorable than Yamato. This table compares Yamato and TFI International’s revenue, earnings per share and valuation. TFI International has higher revenue and earnings than Yamato. Yamato is trading at a lower price-to-earnings ratio than TFI International, indicating that it is currently the more affordable of the two stocks. Yamato pays an annual dividend of $12.06 per share and has a dividend yield of 70.9%. TFI International pays an annual dividend of $1.40 per share and has a dividend yield of 1.3%. Yamato pays out 14.7% of its earnings in the form of a dividend. TFI International pays out 23.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. TFI International has raised its dividend for 2 consecutive years. Yamato is clearly the better dividend stock, given its higher yield and lower payout ratio. TFI International beats Yamato on 10 of the 13 factors compared between the two stocks. (Get Free Report) Yamato Holdings Co., Ltd. provides logistics shipping services in Japan and internationally. The company's Retail Business Unit provides delivery services for individuals and mid-to-small sized corporations. Its Corporate Business Unit engages in the provision of transportation services for corporations; planning and operation of logistics centers; provision of customs services; and provision of air cargo agency services. The Other segment develops and operates IT systems; offers car maintenance services; sells fuel; offers non-life insurance agency services; and provides cargo vehicle transportation services. The company was founded in 1919 and is headquartered in Tokyo, Japan. (Get Free Report) TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank container, and dedicated services, as well as TL brokerage services. This segment carries full loads directly from the customer to the destination using a closed van or specialized equipment. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. As of December 31, 2022, the company had 11,442 tractors, 38,091 trailers, and 6,905 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. was founded in 1957 and is headquartered in Saint-Laurent, Canada. |
2024-11-11 | ETF Daily News | Leon’s Furniture (TSE:LNF) Price Target Cut to C$21.00 | Leon’s Furniture (TSE:LNF–Free Report)had its price objective decreased by BMO Capital Markets from C$24.00 to C$21.00 in a research report sent to investors on Friday morning,BayStreet.CAreports. Shares ofTSE LNFopened at C$17.61 on Friday. Leon’s Furniture has a fifty-two week low of C$15.75 and a fifty-two week high of C$23.88. The company has a 50 day simple moving average of C$18.53 and a two-hundred day simple moving average of C$19.96. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 8.27 and a beta of 0.65. The company has a debt-to-equity ratio of 56.28, a quick ratio of 0.53 and a current ratio of 1.07. Leon’s Furniture (TSE:LNF–Get Free Report) last announced its earnings results on Wednesday, August 9th. The company reported C$0.41 earnings per share for the quarter. Leon’s Furniture had a net margin of 5.96% and a return on equity of 16.26%. The business had revenue of C$593.84 million during the quarter. Analysts expect that Leon’s Furniture will post 2.0611111 EPS for the current fiscal year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.72 annualized dividend and a dividend yield of 4.09%. This is an increase from Leon’s Furniture’s previous quarterly dividend of $0.16. Leon’s Furniture’s dividend payout ratio (DPR) is 30.05%. (Get Free Report) Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. The company provides household furniture, electronics, and appliance installation and repair services; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment. |
2024-11-11 | ETF Daily News | Brown & Brown, Inc. (NYSE:BRO) Shares Sold by Prospera Financial Services Inc | Prospera Financial Services Inc trimmed its position in shares of Brown & Brown, Inc. (NYSE:BRO–Free Report) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,653 shares of the financial services provider’s stock after selling 980 shares during the period. Prospera Financial Services Inc’s holdings in Brown & Brown were worth $1,215,000 as of its most recent SEC filing. Several other large investors have also made changes to their positions in the company. Dark Forest Capital Management LP purchased a new stake in shares of Brown & Brown during the 1st quarter worth about $142,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Brown & Brown by 14.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,471 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 451 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Brown & Brown by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,227,315 shares of the financial services provider’s stock valued at $84,488,000 after acquiring an additional 4,733 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Brown & Brown by 26.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,551 shares of the financial services provider’s stock valued at $1,237,000 after acquiring an additional 4,526 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Brown & Brown by 41.1% during the 1st quarter. Citigroup Inc. now owns 362,900 shares of the financial services provider’s stock worth $20,838,000 after purchasing an additional 105,691 shares during the period. 70.33% of the stock is owned by hedge funds and other institutional investors. BROopened at $72.85 on Friday. Brown & Brown, Inc. has a 12-month low of $52.82 and a 12-month high of $74.57. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $20.73 billion, a PE ratio of 27.70 and a beta of 0.76. The firm’s fifty day moving average price is $71.00 and its 200 day moving average price is $68.84. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverBrown & Brown (NYSE:BRO–Get Free Report) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.09. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Brown & Brown had a net margin of 18.08% and a return on equity of 15.72%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. As a group, research analysts expect that Brown & Brown, Inc. will post 2.75 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, October 31st. This is an increase from Brown & Brown’s previous quarterly dividend of $0.12. Brown & Brown’s dividend payout ratio (DPR) is currently 19.77%. In related news, EVP Stephen M. Boyd sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $70.64, for a total transaction of $176,600.00. Following the sale, the executive vice president now directly owns 64,471 shares of the company’s stock, valued at approximately $4,554,231.44. The transaction was disclosed in a filing with the SEC, which is accessible throughthis hyperlink. Insiders own 17.02% of the company’s stock. BRO has been the topic of several research reports. Keefe, Bruyette & Woods lowered Brown & Brown from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $73.00 to $76.00 in a research report on Tuesday, August 1st. Jefferies Financial Group raised their target price on Brown & Brown from $83.00 to $85.00 in a report on Friday, October 6th. Citigroup upped their price target on Brown & Brown from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Truist Financial reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Brown & Brown in a research report on Friday, September 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $77.00 target price on shares of Brown & Brown in a research report on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Brown & Brown currently has an average rating of “Moderate Buy” and an average target price of $76.00. Read Our Latest Stock Report on Brown & Brown (Free Report) Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. Want to see what other hedge funds are holding BRO?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Brown & Brown, Inc. (NYSE:BRO–Free Report). |
2024-11-11 | The Times of India | High bond yields not a proxy for central bank rate action | Ajay Manglunia MD & Head - Investment Grade Group, JM Financial Manglunia has over 25 years of experience in organisation and placement of debt instruments, resourc... Show more » In the run-up to the US Federal Reserve ’s interest rate decision earlier this month, the markets had reckoned that the bond market was doing the central bank’s job and, therefore, there was no need for the Fed to raise rates. US treasury yields had hit their highest in over 15 years in the run-up to the Federal Open Market Committee’s Oct 30-Nov 1 meeting, with the 10-year rising past 5% on Oct 23. The 30-year had hit 5.18%. The 10-year yield was below 4% in August, and the surge in the next three months had surprised many and had, in a way, left the FOMC decision moot. Treasury yields have been propelled higher in recent weeks, not only by expectations that the Federal Reserve will keep its policy rate elevated for longer than expected but also by growth in the supply of bonds and waning demand from central banks. What has been particularly hurting the market is the Fed’s quantitative tightening, which has resulted in the central bank not replenishing bonds in its portfolio that have matured. The market had caught up with the Fed’s rate actions (an increase of 500 basis points in 19 months) and balance sheet reduction. Not just the markets, even several Fed officials had alluded to the market’s view that the bond market was doing the central bank’s job. Federal Reserve Bank of Dallas President Lorie Logan said earlier last month that the surge in treasury yields may mean less need for the US central bank to raise its benchmark interest rate again. “Higher term premiums result in higher term interest rates for the same setting of the Fed funds rate, all else equal,” Logan had said. “Thus, if term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening.” San Francisco Fed President Mary Daly has said that bond yields have tightened, meaning financial conditions have tightened. “If that’s tight, maybe the Fed doesn’t need to do as much. That’s why I said, depending on whether it unravels or whether the momentum in the economy changes, that could be equivalent to another rate hike.” On Nov 1, the Fed left interest rate unchanged and added some phrases to its statement suggesting the higher yields may have done the trick. The Fed said tighter financial and credit conditions will likely weigh on the economy. It added “financial” to this aspect of the statement, which suggests the Fed believes firm treasury yields may render another rate hike unnecessary. But did high yields negate the need for rate hikes ? No Substitute In context related to his own country, Bank of Canada Governor Tiff Macklem said high bond yields are not a substitute for central banking action. Macklem said higher long-term bond yields reflect expectations for future central bank policy. “They’re not a substitute for doing what needs to be done (now) to get inflation to come back to our target,” he had said. The same logic applies to the Fed and other central banks. It could be dangerous for the central banks to be mainly pushed by the market’s pricing of bonds to set policy – either to raise rates or to cut them. The factors driving the bond market are simply the bloated budget deficit of the US government and its plan to intervene in the West Asia conflict if needed. Heavy borrowing by governments often boosts the economy and drives up inflation pressures. Often, movement in bond yields could be temporary. A soft reading of inflation or employment numbers could bring the yields closer to 4.50%. This is what has happened. Yields have fallen sharply since the Fed meeting. The 10-year yield has fallen to 4.50%. The reasons are twofold: The Fed indicated it might be done with rate hikes at its latest FOMC meeting. The US Treasury increased the size of longer-term debt auctions by a smaller amount than many had expected. The treasury came to the market’s aid. The bond market has started dismissing and semblance of central banking hawkishness by expecting the Fed to pivot to rate cuts in the next 6-8 months. It is purely sentimental reasons that yields have fallen by around 50 basis points in just over a week. The term premium or high bond yields is distinct from economic developments, and it would be best for the markets to react to the Fed instead of the Fed reacting to the markets. High bond yields may have been a pretext for holding out on rate hikes, and they may not necessarily be driving the call. Fed was probably just waiting for more data to consider further tightening. Fed Chair Jerome Powell told the media after the FOMC meeting that the persistence of high yields could work for the monetary policy but there are two essential conditions. The first is that the tighter conditions would need to be persistent. If things are fluctuating back and forth, that's not what the Fed is looking for. “With financial conditions, we're looking for persistent changes that are material,” he said. The second is that the rise in longer-term rates should not be a mere reflection of expected policy moves from the Fed. “If we didn't follow through on them (rate hikes), then the rates (yields) would come back down.” Powell took heart from the fact that high bond yields had pressured up borrowing costs for mortgages, and that is weighing on the economic activity. The bond market has shown it is not meeting Powell’s first condition. It also does not meet the second condition. The sharp near 50-bps fall in the yields since the FOMC statement on Nov 1 is not a reliable proxy for a central banking action. Connect with Experts - Wealth creation made easy (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com .) Experience Your Economic Times Newspaper, The Digital Way! Saturday, 11 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition Industrial Growth Slows to 3-month Low in Sept India’s industrial growth dropped more than expected in September to 5.8% from a 14-month high of 10.3% in the preceding month, hit by an unfavorable base effect magnified by a shift in the festival calendar. Excess rainfall in September also disrupted output, impacting growth. Pai Cuts ₹1,400 crore Cheque for DK Debt, Books Aakash Seats Manipal Education and Medical Group chairman Ranjan Pai has invested Rs 1,400 crore (around $168 million) in Aakash Institute, a subsidiary of troubled edtech major Byju’s. More Students of ’24 Batch in Role Call at Manufacturing Cos Young minds are often up-to-date with the latest trends and technologies, possess a strong understanding of digital tools, and can contribute effectively towards digital transformation initiatives,” said Dilip Pattanayak, chief human resources officer at JSW Group. Read More News on bond yields rate hikes interest rate decision bond market us treasury us federal reserves san francisco fed Federal Reserve Fed Chair Jerome Powell (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Top Trending Stocks: Sensex Today Live , SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself
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2024-11-11 | The Times of India | High bond yields not a proxy for central bank rate action | Ajay Manglunia MD & Head - Investment Grade Group, JM Financial Manglunia has over 25 years of experience in organisation and placement of debt instruments, resourc... Show more » In the run-up to the US Federal Reserve ’s interest rate decision earlier this month, the markets had reckoned that the bond market was doing the central bank’s job and, therefore, there was no need for the Fed to raise rates. US treasury yields had hit their highest in over 15 years in the run-up to the Federal Open Market Committee’s Oct 30-Nov 1 meeting, with the 10-year rising past 5% on Oct 23. The 30-year had hit 5.18%. The 10-year yield was below 4% in August, and the surge in the next three months had surprised many and had, in a way, left the FOMC decision moot. Treasury yields have been propelled higher in recent weeks, not only by expectations that the Federal Reserve will keep its policy rate elevated for longer than expected but also by growth in the supply of bonds and waning demand from central banks. What has been particularly hurting the market is the Fed’s quantitative tightening, which has resulted in the central bank not replenishing bonds in its portfolio that have matured. The market had caught up with the Fed’s rate actions (an increase of 500 basis points in 19 months) and balance sheet reduction. Not just the markets, even several Fed officials had alluded to the market’s view that the bond market was doing the central bank’s job. Federal Reserve Bank of Dallas President Lorie Logan said earlier last month that the surge in treasury yields may mean less need for the US central bank to raise its benchmark interest rate again. “Higher term premiums result in higher term interest rates for the same setting of the Fed funds rate, all else equal,” Logan had said. “Thus, if term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening.” San Francisco Fed President Mary Daly has said that bond yields have tightened, meaning financial conditions have tightened. “If that’s tight, maybe the Fed doesn’t need to do as much. That’s why I said, depending on whether it unravels or whether the momentum in the economy changes, that could be equivalent to another rate hike.” On Nov 1, the Fed left interest rate unchanged and added some phrases to its statement suggesting the higher yields may have done the trick. The Fed said tighter financial and credit conditions will likely weigh on the economy. It added “financial” to this aspect of the statement, which suggests the Fed believes firm treasury yields may render another rate hike unnecessary. But did high yields negate the need for rate hikes ? No Substitute In context related to his own country, Bank of Canada Governor Tiff Macklem said high bond yields are not a substitute for central banking action. Macklem said higher long-term bond yields reflect expectations for future central bank policy. “They’re not a substitute for doing what needs to be done (now) to get inflation to come back to our target,” he had said. The same logic applies to the Fed and other central banks. It could be dangerous for the central banks to be mainly pushed by the market’s pricing of bonds to set policy – either to raise rates or to cut them. The factors driving the bond market are simply the bloated budget deficit of the US government and its plan to intervene in the West Asia conflict if needed. Heavy borrowing by governments often boosts the economy and drives up inflation pressures. Often, movement in bond yields could be temporary. A soft reading of inflation or employment numbers could bring the yields closer to 4.50%. This is what has happened. Yields have fallen sharply since the Fed meeting. The 10-year yield has fallen to 4.50%. The reasons are twofold: The Fed indicated it might be done with rate hikes at its latest FOMC meeting. The US Treasury increased the size of longer-term debt auctions by a smaller amount than many had expected. The treasury came to the market’s aid. The bond market has started dismissing and semblance of central banking hawkishness by expecting the Fed to pivot to rate cuts in the next 6-8 months. It is purely sentimental reasons that yields have fallen by around 50 basis points in just over a week. The term premium or high bond yields is distinct from economic developments, and it would be best for the markets to react to the Fed instead of the Fed reacting to the markets. High bond yields may have been a pretext for holding out on rate hikes, and they may not necessarily be driving the call. Fed was probably just waiting for more data to consider further tightening. Fed Chair Jerome Powell told the media after the FOMC meeting that the persistence of high yields could work for the monetary policy but there are two essential conditions. The first is that the tighter conditions would need to be persistent. If things are fluctuating back and forth, that's not what the Fed is looking for. “With financial conditions, we're looking for persistent changes that are material,” he said. The second is that the rise in longer-term rates should not be a mere reflection of expected policy moves from the Fed. “If we didn't follow through on them (rate hikes), then the rates (yields) would come back down.” Powell took heart from the fact that high bond yields had pressured up borrowing costs for mortgages, and that is weighing on the economic activity. The bond market has shown it is not meeting Powell’s first condition. It also does not meet the second condition. The sharp near 50-bps fall in the yields since the FOMC statement on Nov 1 is not a reliable proxy for a central banking action. Connect with Experts - Wealth creation made easy (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com .) Experience Your Economic Times Newspaper, The Digital Way! Sunday, 12 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition India Inc on Gifting Spree to Lift Staff’s Festive Spirits As Diwali festivities light up the country, corporate India is celebrating with employees including third-party blue-collar workers, sending out gift hampers, sustainable products, electronic gadgets and even silver coins. Cos Fear New Data Law may Upset Cross-selling Cart Several enterprises including banks, healthcare and telecom companies utilizing user data to sell varied products and services to consumers, fear that India’s new data law will restrict the scope of their operations, legal experts aware of the matter said. Moody’s Turns Negative on US Credit Outlook Moody's on Friday lowered its outlook on the US credit rating to ‘negative’ from ‘stable’ citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration. Read More News on bond yields rate hikes interest rate decision bond market us treasury us federal reserves san francisco fed Federal Reserve Fed Chair Jerome Powell (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Top Trending Stocks: Sensex Today Live , SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself
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Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8.87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? Two Life and 3 non-life Insurance players with “buy” and “strong buy” ratings 3 mins read Large cap stocks with upside potential of more than 25% 4 mins read 5 stocks for a high dividend yielding portfolio 8 mins read Eight midcap stocks, 2 with“ Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 35% 7 mins read Six high ROE and low PEG ratio stocks, right combination for wealth creation 8 mins read
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2024-11-11 | ETF Daily News | Rhumbline Advisers Acquires 2,284 Shares of Humana Inc. (NYSE:HUM) | Rhumbline Advisers increased its holdings in Humana Inc. (NYSE:HUM–Free Report) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,965 shares of the insurance provider’s stock after purchasing an additional 2,284 shares during the period. Rhumbline Advisers owned 0.23% of Humana worth $126,075,000 as of its most recent SEC filing. Several other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Humana during the 1st quarter valued at about $28,000. Gradient Investments LLC boosted its position in Humana by 50.0% in the 2nd quarter. Gradient Investments LLC now owns 69 shares of the insurance provider’s stock valued at $31,000 after buying an additional 23 shares during the period. Larson Financial Group LLC boosted its position in Humana by 81.0% in the 2nd quarter. Larson Financial Group LLC now owns 76 shares of the insurance provider’s stock valued at $34,000 after buying an additional 34 shares during the period. Beacon Capital Management LLC boosted its position in Humana by 87.0% in the 2nd quarter. Beacon Capital Management LLC now owns 86 shares of the insurance provider’s stock valued at $38,000 after buying an additional 40 shares during the period. Finally, Mendota Financial Group LLC purchased a new position in Humana during the 2nd quarter worth $38,000. 91.86% of the stock is owned by institutional investors. Several brokerages have recently commented on HUM. Sanford C. Bernstein cut their price target on Humana from $599.00 to $579.00 in a research note on Tuesday, October 10th. Truist Financial boosted their target price on shares of Humana from $530.00 to $550.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Stephens lowered their price target on shares of Humana from $575.00 to $570.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley reduced their price objective on shares of Humana from $637.00 to $624.00 and set an “overweight” rating for the company in a research note on Wednesday, August 30th. Finally, Royal Bank of Canada lifted their price target on shares of Humana from $594.00 to $599.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $588.33. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Research Report on HUM NYSE:HUMopened at $493.11 on Friday. The firm has a market capitalization of $60.71 billion, a P/E ratio of 20.44, a PEG ratio of 1.30 and a beta of 0.61. The company’s fifty day moving average price is $493.39 and its 200-day moving average price is $486.47. Humana Inc. has a 1-year low of $423.29 and a 1-year high of $558.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.37 and a quick ratio of 1.37. Humana (NYSE:HUM–Get Free Report) last issued its earnings results on Wednesday, November 1st. The insurance provider reported $7.78 EPS for the quarter, topping analysts’ consensus estimates of $7.15 by $0.63. The firm had revenue of $26.42 billion for the quarter, compared to the consensus estimate of $25.57 billion. Humana had a return on equity of 21.03% and a net margin of 2.95%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.88 earnings per share. As a group, equities research analysts anticipate that Humana Inc. will post 28.28 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.885 per share. This represents a $3.54 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, December 28th. Humana’s dividend payout ratio (DPR) is 14.68%. (Free Report) Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. It operates through two segments, Insurance and CenterWell. The company offers medical and supplemental benefit plans to individuals. It also has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits. |
2024-11-11 | ETF Daily News | Principal Financial Group Inc. Sells 61,929 Shares of Wingstop Inc. (NASDAQ:WING) | Principal Financial Group Inc. cut its position in Wingstop Inc. (NASDAQ:WING–Free Report) by 23.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,336 shares of the restaurant operator’s stock after selling 61,929 shares during the quarter. Principal Financial Group Inc.’s holdings in Wingstop were worth $39,899,000 as of its most recent SEC filing. Several other large investors have also recently bought and sold shares of WING. Harbor Capital Advisors Inc. acquired a new stake in shares of Wingstop in the second quarter valued at about $25,000. Roffman Miller Associates Inc. PA acquired a new stake in Wingstop during the second quarter worth approximately $27,000. Public Employees Retirement System of Ohio grew its stake in Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 79 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Wingstop during the second quarter worth approximately $59,000. Finally, Spire Wealth Management acquired a new stake in Wingstop during the first quarter worth approximately $73,000. In other news, SVPDonnie Upshawsold 6,699 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $165.15, for a total value of $1,106,339.85. Following the completion of the sale, the senior vice president now owns 173 shares of the company’s stock, valued at approximately $28,570.95. The transaction was disclosed in a filing with the SEC, which is available atthis hyperlink. Corporate insiders own 0.36% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNASDAQ:WINGopened at $210.94 on Friday. The business has a fifty day simple moving average of $179.36 and a two-hundred day simple moving average of $184.53. Wingstop Inc. has a 1 year low of $129.46 and a 1 year high of $223.77. The company has a market capitalization of $6.21 billion, a P/E ratio of 91.71, a P/E/G ratio of 4.11 and a beta of 1.47. Wingstop (NASDAQ:WING–Get Free Report) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.52 by $0.17. Wingstop had a negative return on equity of 18.20% and a net margin of 15.75%. The business had revenue of $117.10 million during the quarter, compared to analysts’ expectations of $109.27 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. As a group, analysts anticipate that Wingstop Inc. will post 2.39 earnings per share for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.42%. The ex-dividend date is Thursday, November 16th. Wingstop’s dividend payout ratio (DPR) is currently 38.26%. A number of equities research analysts have commented on WING shares. Barclays raised their price objective on Wingstop from $208.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Royal Bank of Canada raised their price objective on Wingstop from $180.00 to $205.00 and gave the company a “sector perform” rating in a research note on Thursday, November 2nd. Wedbush raised Wingstop from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $180.00 to $200.00 in a research note on Wednesday, September 20th. Stephens reissued an “overweight” rating and issued a $240.00 price objective on shares of Wingstop in a research note on Thursday, November 2nd. Finally, UBS Group reduced their price objective on Wingstop from $225.00 to $190.00 in a research note on Thursday, August 3rd. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.21. Read Our Latest Analysis on Wingstop (Free Report) Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. Wingstop Inc was founded in 1994 and is headquartered in Addison, Texas. Want to see what other hedge funds are holding WING?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Wingstop Inc. (NASDAQ:WING–Free Report). |
2024-11-11 | ETF Daily News | Smithfield Trust Co Sells 440 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) | Smithfield Trust Co reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 15.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,427 shares of the financial services provider’s stock after selling 440 shares during the quarter. Smithfield Trust Co’s holdings in Intercontinental Exchange were worth $275,000 at the end of the most recent quarter. A number of other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in Intercontinental Exchange by 187.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. Spire Wealth Management lifted its position in Intercontinental Exchange by 374.6% during the first quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 236 shares during the last quarter. Oakworth Capital Inc. lifted its position in Intercontinental Exchange by 53.9% during the second quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 104 shares during the last quarter. Old North State Trust LLC lifted its position in Intercontinental Exchange by 227.3% during the first quarter. Old North State Trust LLC now owns 1,270 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 882 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new stake in Intercontinental Exchange during the third quarter valued at approximately $48,000. 87.91% of the stock is currently owned by institutional investors. ICE has been the subject of several research analyst reports. Raymond James dropped their target price on shares of Intercontinental Exchange from $137.00 to $135.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 5th. UBS Group lifted their target price on shares of Intercontinental Exchange from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 8th. The Goldman Sachs Group began coverage on shares of Intercontinental Exchange in a report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $118.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Finally, Citigroup upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $130.00 in a report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $132.42. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Stock Analysis on Intercontinental Exchange Shares ofIntercontinental Exchange stockopened at $109.79 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $110.74 and its two-hundred day simple moving average is $111.36. The company has a market cap of $62.84 billion, a P/E ratio of 25.47, a PEG ratio of 2.65 and a beta of 0.98. Intercontinental Exchange, Inc. has a 12-month low of $94.16 and a 12-month high of $118.79. The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, December 13th. Intercontinental Exchange’s payout ratio is currently 38.98%. In other Intercontinental Exchange news, CEOJeffrey C. Sprechersold 88,683 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $10,005,216.06. Following the transaction, the chief executive officer now directly owns 1,169,965 shares of the company’s stock, valued at approximately $131,995,451.30. The sale was disclosed in a legal filing with the SEC, which can be accessed throughthe SEC website. In other news, CEO Jeffrey C. Sprecher sold 88,683 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $10,005,216.06. Following the sale, the chief executive officer now directly owns 1,169,965 shares of the company’s stock, valued at approximately $131,995,451.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthis link. Also, PresidentBenjamin Jacksonsold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $108.72, for a total transaction of $543,600.00. Following the completion of the sale, the president now directly owns 125,184 shares in the company, valued at $13,610,004.48. The disclosure for this sale can be foundhere. In the last ninety days, insiders have sold 100,202 shares of company stock valued at $11,299,952. 1.10% of the stock is currently owned by company insiders. (Free Report) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. |
2024-11-11 | ETF Daily News | Insight Inv LLC Increases Holdings in W. R. Berkley Co. (NYSE:WRB) | Insight Inv LLC lifted its position in W. R. Berkley Co. (NYSE:WRB–Free Report) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,800 shares of the insurance provider’s stock after purchasing an additional 550 shares during the period. Insight Inv LLC’s holdings in W. R. Berkley were worth $1,060,000 at the end of the most recent quarter. A number of other large investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in W. R. Berkley by 2.5% during the second quarter. Rhumbline Advisers now owns 447,147 shares of the insurance provider’s stock worth $26,632,000 after buying an additional 10,891 shares during the period. Advisor OS LLC lifted its holdings in W. R. Berkley by 2.6% during the second quarter. Advisor OS LLC now owns 14,390 shares of the insurance provider’s stock worth $857,000 after buying an additional 362 shares during the period. Gyroscope Capital Management Group LLC purchased a new stake in W. R. Berkley during the second quarter worth $214,000. Column Capital Advisors LLC lifted its holdings in W. R. Berkley by 7.0% during the second quarter. Column Capital Advisors LLC now owns 3,415 shares of the insurance provider’s stock worth $203,000 after buying an additional 223 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in W. R. Berkley by 1.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 147,090 shares of the insurance provider’s stock worth $8,761,000 after buying an additional 2,311 shares during the period. Hedge funds and other institutional investors own 66.34% of the company’s stock. A number of analysts have weighed in on WRB shares. Wells Fargo & Company lowered their target price on W. R. Berkley from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, July 21st.StockNews.cominitiated coverage on W. R. Berkley in a research report on Thursday, October 5th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $72.00 price target on shares of W. R. Berkley in a research report on Tuesday, October 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, W. R. Berkley presently has an average rating of “Moderate Buy” and an average target price of $76.89. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCheck Out Our Latest Stock Analysis on WRB Shares ofNYSE WRBtraded up $0.74 during mid-day trading on Friday, hitting $68.15. The stock had a trading volume of 611,432 shares, compared to its average volume of 1,330,015. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.40 and a current ratio of 0.39. The company has a 50 day moving average of $64.82 and a two-hundred day moving average of $61.41. W. R. Berkley Co. has a twelve month low of $55.50 and a twelve month high of $76.99. The firm has a market cap of $17.57 billion, a PE ratio of 13.74, a PEG ratio of 1.56 and a beta of 0.59. W. R. Berkley (NYSE:WRB–Get Free Report) last released its earnings results on Monday, October 23rd. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.17. W. R. Berkley had a return on equity of 18.52% and a net margin of 11.45%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm earned $1.01 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Research analysts predict that W. R. Berkley Co. will post 4.8 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, September 22nd. W. R. Berkley’s dividend payout ratio is currently 8.87%. (Free Report) W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. |
2024-11-11 | ETF Daily News | Concentric Wealth Management LLC Raises Stock Holdings in The Allstate Co. (NYSE:ALL) | Concentric Wealth Management LLC increased its stake in shares of The Allstate Co. (NYSE:ALL–Free Report) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,212 shares of the insurance provider’s stock after purchasing an additional 340 shares during the quarter. Concentric Wealth Management LLC’s holdings in Allstate were worth $1,659,000 as of its most recent SEC filing. A number of other hedge funds have also recently made changes to their positions in the stock. Cowa LLC purchased a new stake in Allstate in the first quarter valued at about $30,000. CVA Family Office LLC grew its holdings in Allstate by 48.4% in the first quarter. CVA Family Office LLC now owns 282 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 92 shares during the period. Chilton Capital Management LLC acquired a new stake in Allstate in the first quarter valued at approximately $33,000. Arlington Partners LLC boosted its stake in shares of Allstate by 2,073.3% in the second quarter. Arlington Partners LLC now owns 326 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 311 shares during the last quarter. Finally, Barrett & Company Inc. boosted its stake in shares of Allstate by 600.0% in the second quarter. Barrett & Company Inc. now owns 350 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. 77.23% of the stock is currently owned by hedge funds and other institutional investors. Shares ofNYSE:ALLtraded up $1.33 on Friday, hitting $130.32. 818,140 shares of the company’s stock were exchanged, compared to its average volume of 2,124,700. The firm’s 50-day moving average is $117.93 and its 200 day moving average is $113.21. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $142.15. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.64. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverAllstate (NYSE:ALL–Get Free Report) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.42. The business had revenue of $14.50 billion during the quarter, compared to analysts’ expectations of $12.78 billion. Allstate had a negative return on equity of 10.95% and a negative net margin of 3.51%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.56) EPS. On average, equities research analysts forecast that The Allstate Co. will post -2.21 EPS for the current fiscal year. A number of equities analysts recently commented on the company. Roth Mkm lifted their price objective on Allstate from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Barclays dropped their price objective on Allstate from $113.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, August 14th.StockNews.combegan coverage on Allstate in a research note on Thursday, October 5th. They set a “hold” rating for the company. Raymond James boosted their target price on Allstate from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 6th. Finally, Piper Sandler boosted their target price on Allstate from $137.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.50. Get Our Latest Report on ALL (Free Report) The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names. |
2024-11-11 | ETF Daily News | Pekin Hardy Strauss Inc. Makes New $300,000 Investment in MicroStrategy Incorporated (NASDAQ:MSTR) | Pekin Hardy Strauss Inc. bought a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR–Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 875 shares of the software maker’s stock, valued at approximately $300,000. A number of other institutional investors and hedge funds have also recently bought and sold shares of MSTR. DT Investment Partners LLC bought a new position in shares of MicroStrategy during the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in MicroStrategy by 66.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 88 shares of the software maker’s stock valued at $25,000 after acquiring an additional 35 shares during the period. Glassman Wealth Services increased its stake in MicroStrategy by 74.7% in the first quarter. Glassman Wealth Services now owns 166 shares of the software maker’s stock valued at $49,000 after acquiring an additional 71 shares during the period. Macquarie Group Ltd. increased its stake in MicroStrategy by 50.6% in the second quarter. Macquarie Group Ltd. now owns 357 shares of the software maker’s stock valued at $59,000 after acquiring an additional 120 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in MicroStrategy by 115.7% in the second quarter. FNY Investment Advisers LLC now owns 220 shares of the software maker’s stock valued at $75,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 49.44% of the company’s stock. In other MicroStrategy news, Director Jarrod M. Patten sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $323.51, for a total value of $323,510.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Insiders own 20.79% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNASDAQ MSTRopened at $509.18 on Friday. The company’s 50 day simple moving average is $367.36 and its 200 day simple moving average is $352.64. MicroStrategy Incorporated has a fifty-two week low of $132.56 and a fifty-two week high of $535.21. The firm has a market capitalization of $7.39 billion, a P/E ratio of 394.71 and a beta of 2.42. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.75 and a quick ratio of 0.75. MicroStrategy (NASDAQ:MSTR–Get Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The software maker reported ($8.98) earnings per share for the quarter, missing the consensus estimate of $0.74 by ($9.72). MicroStrategy had a net margin of 17.91% and a return on equity of 28.10%. The business had revenue of $129.46 million during the quarter, compared to analyst estimates of $126.00 million. During the same quarter in the prior year, the company earned ($0.96) earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. A number of analysts recently weighed in on MSTR shares. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $513.00 to $554.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. TD Cowen began coverage on shares of MicroStrategy in a research note on Wednesday, July 26th. They set an “outperform” rating and a $520.00 price objective on the stock. Finally,StockNews.cominitiated coverage on shares of MicroStrategy in a research note on Thursday, October 5th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $420.80. Check Out Our Latest Analysis on MicroStrategy (Free Report) MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements. |
2024-11-11 | ETF Daily News | United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $65.71 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE) | United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,109 shares of the financial services provider’s stock after selling 131,152 shares during the quarter. Intercontinental Exchange makes up approximately 2.9% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 13th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.10% of Intercontinental Exchange worth $65,712,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in Intercontinental Exchange by 187.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 167 shares during the period. Spire Wealth Management boosted its stake in shares of Intercontinental Exchange by 374.6% in the 1st quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 236 shares in the last quarter. Oakworth Capital Inc. boosted its position in Intercontinental Exchange by 53.9% during the 2nd quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock worth $34,000 after buying an additional 104 shares during the period. Old North State Trust LLC boosted its position in Intercontinental Exchange by 227.3% during the 1st quarter. Old North State Trust LLC now owns 1,270 shares of the financial services provider’s stock worth $40,000 after buying an additional 882 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $48,000. 87.91% of the stock is owned by institutional investors. ICE has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Intercontinental Exchange from $129.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $118.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. The Goldman Sachs Group assumed coverage on shares of Intercontinental Exchange in a report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 price target on the stock. Rosenblatt Securities dropped their price objective on shares of Intercontinental Exchange from $168.00 to $154.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.42. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Report on Intercontinental Exchange ICE stocktraded up $1.23 on Friday, reaching $109.78. The company’s stock had a trading volume of 2,422,680 shares, compared to its average volume of 2,607,636. The business has a fifty day simple moving average of $110.74 and a two-hundred day simple moving average of $111.36. Intercontinental Exchange, Inc. has a 12-month low of $94.16 and a 12-month high of $118.79. The firm has a market cap of $62.83 billion, a PE ratio of 25.47, a PEG ratio of 2.65 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, December 13th. Intercontinental Exchange’s payout ratio is 38.98%. In other Intercontinental Exchange news, SVPDouglas Foleysold 1,600 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $113.99, for a total value of $182,384.00. Following the completion of the transaction, the senior vice president now owns 18,402 shares in the company, valued at $2,097,643.98. The transaction was disclosed in a filing with the SEC, which is available throughthe SEC website. In related news, SVPDouglas Foleysold 1,600 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $113.99, for a total value of $182,384.00. Following the completion of the sale, the senior vice president now directly owns 18,402 shares in the company, valued at approximately $2,097,643.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis link. Also, PresidentBenjamin Jacksonsold 5,000 shares of Intercontinental Exchange stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $108.72, for a total value of $543,600.00. Following the completion of the sale, the president now owns 125,184 shares of the company’s stock, valued at $13,610,004.48. The disclosure for this sale can be foundhere. Over the last 90 days, insiders sold 100,202 shares of company stock worth $11,299,952. 1.10% of the stock is owned by corporate insiders. (Free Report) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. |
2024-11-11 | ETF Daily News | Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Rhumbline Advisers | Rhumbline Advisers raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,054,342 shares of the financial services provider’s stock after buying an additional 15,631 shares during the period. Rhumbline Advisers owned about 0.19% of Intercontinental Exchange worth $119,225,000 at the end of the most recent reporting period. Several other large investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Intercontinental Exchange by 187.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Spire Wealth Management lifted its position in Intercontinental Exchange by 374.6% during the 1st quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 236 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in Intercontinental Exchange by 53.9% in the 2nd quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 104 shares during the period. Old North State Trust LLC boosted its holdings in Intercontinental Exchange by 227.3% in the 1st quarter. Old North State Trust LLC now owns 1,270 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 882 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.91% of the company’s stock. In other news, CFOWarren Gardinersold 500 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $115.43, for a total value of $57,715.00. Following the completion of the transaction, the chief financial officer now directly owns 15,525 shares in the company, valued at $1,792,050.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available atthis hyperlink. In other news, PresidentBenjamin Jacksonsold 5,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $108.72, for a total transaction of $543,600.00. Following the completion of the sale, the president now owns 125,184 shares in the company, valued at approximately $13,610,004.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthis hyperlink. Also, CFOWarren Gardinersold 500 shares of Intercontinental Exchange stock in a transaction on Friday, September 8th. The stock was sold at an average price of $115.43, for a total value of $57,715.00. Following the completion of the transaction, the chief financial officer now owns 15,525 shares in the company, valued at $1,792,050.75. The disclosure for this sale can be foundhere. In the last three months, insiders have sold 100,202 shares of company stock worth $11,299,952. 1.10% of the stock is owned by corporate insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral brokerages have recently weighed in on ICE. Bank of America decreased their target price on shares of Intercontinental Exchange from $141.00 to $140.00 in a research note on Tuesday, October 3rd. Morgan Stanley lifted their target price on Intercontinental Exchange from $118.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Citigroup raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price target for the company from $117.00 to $130.00 in a report on Friday, August 4th. UBS Group upped their target price on Intercontinental Exchange from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Intercontinental Exchange in a research report on Friday, September 22nd. They set a “neutral” rating and a $125.00 price target for the company. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $132.42. Read Our Latest Analysis on ICE ICE stockopened at $109.78 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. The firm’s 50-day simple moving average is $110.74 and its 200 day simple moving average is $111.36. The stock has a market cap of $62.83 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. Intercontinental Exchange, Inc. has a fifty-two week low of $94.16 and a fifty-two week high of $118.79. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.53%. Intercontinental Exchange’s dividend payout ratio is presently 38.98%. (Free Report) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. Want to see what other hedge funds are holding ICE?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICE–Free Report). |
2024-11-11 | ETF Daily News | Candriam S.C.A. Sells 326,386 Shares of MetLife, Inc. (NYSE:MET) | Candriam S.C.A. trimmed its stake in MetLife, Inc. (NYSE:MET–Free Report) by 77.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,902 shares of the financial services provider’s stock after selling 326,386 shares during the period. Candriam S.C.A.’s holdings in MetLife were worth $5,421,000 at the end of the most recent quarter. Several other large investors have also recently made changes to their positions in MET. Norges Bank bought a new position in shares of MetLife in the 4th quarter worth $444,205,000. Moneta Group Investment Advisors LLC acquired a new position in MetLife during the 4th quarter valued at about $234,761,000. Price T Rowe Associates Inc. MD increased its position in MetLife by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,540,294 shares of the financial services provider’s stock valued at $1,595,686,000 after buying an additional 1,930,271 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in MetLife by 42,754.1% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,766,876 shares of the financial services provider’s stock valued at $99,882,000 after buying an additional 1,762,753 shares in the last quarter. Finally, Cibc World Markets Corp increased its position in MetLife by 1,582.0% during the 2nd quarter. Cibc World Markets Corp now owns 1,456,203 shares of the financial services provider’s stock valued at $82,319,000 after buying an additional 1,369,627 shares in the last quarter. 88.14% of the stock is owned by institutional investors. MET has been the topic of several recent analyst reports. Argus upped their target price on MetLife from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Royal Bank of Canada increased their price objective on MetLife from $70.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, August 4th. TheStreet raised MetLife from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. Wells Fargo & Company increased their price objective on MetLife from $82.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, Morgan Stanley increased their price objective on MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.18. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Stock Analysis on MET Shares ofMETopened at $60.49 on Friday. MetLife, Inc. has a 52 week low of $48.95 and a 52 week high of $77.36. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $44.77 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.65 and a beta of 1.06. The stock’s 50-day moving average price is $62.15 and its 200-day moving average price is $59.14. MetLife (NYSE:MET–Get Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.02). The business had revenue of $15.87 billion for the quarter, compared to analysts’ expectations of $17.49 billion. MetLife had a return on equity of 19.14% and a net margin of 3.60%. The business’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS. On average, sell-side analysts predict that MetLife, Inc. will post 7.57 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $2.08 annualized dividend and a dividend yield of 3.44%. MetLife’s dividend payout ratio (DPR) is presently 76.47%. (Free Report) MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. Want to see what other hedge funds are holding MET?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for MetLife, Inc. (NYSE:MET–Free Report). |
2024-11-12 | ETF Daily News | Primerica (NYSE:PRI) Raised to “Buy” at StockNews.com | StockNews.comupgraded shares ofPrimerica (NYSE:PRI–Free Report)from a hold rating to a buy rating in a research note issued to investors on Wednesday. Other equities analysts also recently issued research reports about the stock. Morgan Stanley boosted their price target on shares of Primerica from $185.00 to $190.00 and gave the stock an equal weight rating in a research note on Wednesday. Truist Financial boosted their price target on shares of Primerica from $240.00 to $260.00 in a research note on Wednesday, August 9th. Finally, Jefferies Financial Group dropped their price target on shares of Primerica from $198.00 to $197.00 and set a hold rating for the company in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $217.20. Check Out Our Latest Report on PRI Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofNYSE PRIopened at $205.51 on Wednesday. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 13.59 and a beta of 1.16. Primerica has a 52-week low of $135.00 and a 52-week high of $220.00. The business’s 50 day moving average is $199.98 and its two-hundred day moving average is $197.38. Primerica (NYSE:PRI–Get Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.03 by $0.25. The business had revenue of $710.90 million during the quarter, compared to the consensus estimate of $703.50 million. Primerica had a net margin of 19.94% and a return on equity of 28.00%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.02 earnings per share. Analysts anticipate that Primerica will post 15.65 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.27%. Primerica’s payout ratio is currently 17.20%. In other Primerica news, PresidentPeter W. Schneidersold 3,500 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $201.43, for a total value of $705,005.00. Following the completion of the transaction, the president now owns 9,524 shares in the company, valued at $1,918,419.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. In other Primerica news, CFO Alison S. Rand sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $202.26, for a total value of $606,780.00. Following the completion of the transaction, the chief financial officer now owns 9,444 shares in the company, valued at $1,910,143.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Also, President Peter W. Schneider sold 3,500 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $201.43, for a total transaction of $705,005.00. Following the completion of the transaction, the president now owns 9,524 shares of the company’s stock, valued at approximately $1,918,419.32. The disclosure for this sale can be foundhere. Insiders own 0.85% of the company’s stock. Several large investors have recently bought and sold shares of PRI. Raleigh Capital Management Inc. boosted its stake in Primerica by 110.0% in the second quarter. Raleigh Capital Management Inc. now owns 126 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Primerica in the third quarter valued at about $25,000. Huntington National Bank raised its holdings in shares of Primerica by 13,200.0% in the second quarter. Huntington National Bank now owns 133 shares of the financial services provider’s stock valued at $26,000 after buying an additional 132 shares during the last quarter. LWM Advisory Services LLC purchased a new stake in shares of Primerica in the third quarter valued at about $26,000. Finally, Covestor Ltd raised its holdings in shares of Primerica by 74.7% in the first quarter. Covestor Ltd now owns 255 shares of the financial services provider’s stock valued at $35,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock. (Get Free Report) Primerica, Inc, together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites individual term life insurance products. |
2024-11-12 | ETF Daily News | JPMorgan Chase & Co. Increases TKO Group (NYSE:TKO) Price Target to $103.00 | TKO Group (NYSE:TKO–Free Report)had its price target hoisted byJPMorgan Chase & Co.from $100.00 to $103.00 in a report released on Wednesday morning,Benzingareports.JPMorgan Chase & Co.currently has an overweight rating on the stock. Several other research firms have also commented on TKO. Seaport Res Ptn upgraded shares of TKO Group from a neutral rating to a buy rating in a report on Tuesday, September 12th. Benchmark started coverage on shares of TKO Group in a report on Monday, October 2nd. They issued a buy rating and a $100.00 price target on the stock. UBS Group started coverage on shares of TKO Group in a report on Friday, September 15th. They issued a buy rating and a $123.00 price target on the stock. Roth Mkm dropped their target price on TKO Group from $132.00 to $112.00 and set a buy rating on the stock in a report on Wednesday, September 27th. Finally, Guggenheim dropped their target price on TKO Group from $130.00 to $126.00 and set a buy rating on the stock in a report on Thursday, September 21st. Six research analysts have rated the stock with a buy rating, According to MarketBeat, TKO Group presently has an average rating of Buy and a consensus price target of $111.60. Read Our Latest Research Report on TKO Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNYSE TKOopened at $79.26 on Wednesday. TKO Group has a one year low of $76.31 and a one year high of $106.16. The firm has a 50 day simple moving average of $85.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 3.76. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 61.44 and a beta of 1.08. The firm also recently announced a None dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were given a dividend of $3.86 per share. The ex-dividend date of this dividend was Thursday, September 21st. TKO Group’s payout ratio is 37.21%. In other TKO Group news, DirectorJonathan Kraftbought 5,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $101.53 per share, with a total value of $507,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $507,650. The transaction was disclosed in a document filed with the SEC, which is available throughthis hyperlink. Corporate insiders own 38.90% of the company’s stock. Several hedge funds and other institutional investors have recently modified their holdings of TKO. Handelsbanken Fonder AB bought a new stake in TKO Group during the third quarter valued at $676,000. CWM LLC bought a new stake in TKO Group during the third quarter valued at $65,000. State of Alaska Department of Revenue bought a new stake in TKO Group during the third quarter valued at $1,149,000. Sumitomo Life Insurance Co. bought a new stake in TKO Group during the third quarter valued at $943,000. Finally, National Bank of Canada FI bought a new stake in TKO Group during the third quarter valued at $882,000. Institutional investors own 66.32% of the company’s stock. (Get Free Report) TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries. |
2024-11-12 | ETF Daily News | Fair Isaac (NYSE:FICO) Coverage Initiated at Wells Fargo & Company | Wells Fargo & Companyassumed coverage on shares ofFair Isaac (NYSE:FICO–Free Report)in a report published on Wednesday,Marketbeatreports. The firm issued an overweight rating and a $1,120.00 price target on the technology company’s stock. A number of other research analysts have also issued reports on the stock. Needham & Company LLC raised their price objective on shares of Fair Isaac from $900.00 to $1,100.00 and gave the company a buy rating in a report on Thursday, August 3rd.StockNews.cominitiated coverage on shares of Fair Isaac in a research note on Thursday, October 5th. They issued a hold rating on the stock. Royal Bank of Canada raised their target price on Fair Isaac from $685.00 to $875.00 and gave the stock a sector perform rating in a research report on Thursday, August 3rd. Barclays upped their price target on Fair Isaac from $920.00 to $950.00 and gave the company an overweight rating in a research report on Thursday, August 3rd. Finally, Raymond James lowered their price objective on Fair Isaac from $1,007.00 to $975.00 and set an outperform rating for the company in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $908.40. View Our Latest Analysis on Fair Isaac Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofFICOopened at $996.70 on Wednesday. The stock has a market cap of $24.63 billion, a PE ratio of 58.87, a PEG ratio of 2.78 and a beta of 1.18. Fair Isaac has a 12-month low of $568.38 and a 12-month high of $1,002.74. The business has a 50-day simple moving average of $893.37 and a two-hundred day simple moving average of $835.74. In other Fair Isaac news, DirectorEva Manolissold 2,564 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $852.38, for a total transaction of $2,185,502.32. The transaction was disclosed in a legal filing with the SEC, which is available throughthis hyperlink. In related news, EVP James M. Wehmann sold 2,836 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $888.42, for a total transaction of $2,519,559.12. Following the transaction, the executive vice president now directly owns 41,736 shares of the company’s stock, valued at approximately $37,079,097.12. The transaction was disclosed in a document filed with the SEC, which can be accessed throughthis link. Also, DirectorEva Manolissold 2,564 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $852.38, for a total value of $2,185,502.32. The disclosure for this sale can be foundhere. Over the last three months, insiders sold 11,072 shares of company stock worth $9,791,938. 3.37% of the stock is owned by corporate insiders. Several hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Fair Isaac by 0.5% in the third quarter. Rhumbline Advisers now owns 53,828 shares of the technology company’s stock valued at $46,751,000 after buying an additional 283 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in shares of Fair Isaac by 8.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 763 shares of the technology company’s stock worth $663,000 after acquiring an additional 60 shares during the last quarter. Headlands Technologies LLC bought a new position in Fair Isaac in the 3rd quarter valued at about $42,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Fair Isaac by 14.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,998 shares of the technology company’s stock valued at $4,341,000 after purchasing an additional 639 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in Fair Isaac during the 3rd quarter worth approximately $869,000. Institutional investors and hedge funds own 85.17% of the company’s stock. (Get Free Report) Fair Isaac Corporation develops analytic, software, and data decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services. |
2024-11-12 | ETF Daily News | Needham & Company LLC Raises Upwork (NASDAQ:UPWK) Price Target to $18.00 | Upwork (NASDAQ:UPWK–Free Report)had its target price boosted by Needham & Company LLC from $15.00 to $18.00 in a research report sent to investors on Wednesday morning,Benzingareports. The brokerage currently has a buy rating on the stock. A number of other analysts also recently issued reports on UPWK. Piper Sandler increased their target price on shares of Upwork from $13.00 to $15.00 and gave the stock an overweight rating in a research report on Thursday, August 3rd. Royal Bank of Canada increased their price objective on shares of Upwork from $11.00 to $17.00 and gave the company a sector perform rating in a research report on Wednesday. JMP Securities increased their price objective on shares of Upwork from $14.00 to $15.00 and gave the company an outperform rating in a research report on Thursday, August 3rd. Roth Mkm increased their price objective on shares of Upwork from $13.00 to $14.00 and gave the company a buy rating in a research report on Wednesday. Finally, BTIG Research downgraded shares of Upwork from a buy rating to a neutral rating in a research report on Monday, August 28th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $15.10. Check Out Our Latest Report on UPWK Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverUPWKopened at $13.80 on Wednesday. The firm has a 50 day moving average price of $11.92 and a 200 day moving average price of $10.89. The company has a market cap of $1.88 billion, a PE ratio of -72.63 and a beta of 1.53. Upwork has a 1 year low of $6.56 and a 1 year high of $15.88. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.06 and a current ratio of 3.20. In other news, CAO Olivier Marie sold 5,835 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $15.20, for a total transaction of $88,692.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,313 shares in the company, valued at approximately $50,357.60. The transaction was disclosed in a document filed with the SEC, which is accessible throughthis link. In related news, CEOHayden Brownsold 22,520 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $13.86, for a total transaction of $312,127.20. Following the transaction, the chief executive officer now directly owns 1,032,937 shares in the company, valued at $14,316,506.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthe SEC website. Also, CAO Olivier Marie sold 5,835 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $15.20, for a total value of $88,692.00. Following the transaction, the chief accounting officer now owns 3,313 shares in the company, valued at $50,357.60. The disclosure for this sale can be foundhere. In the last three months, insiders sold 69,008 shares of company stock worth $935,030. 9.00% of the stock is currently owned by insiders. Several large investors have recently added to or reduced their stakes in UPWK. Russell Investments Group Ltd. lifted its stake in Upwork by 575.3% in the first quarter. Russell Investments Group Ltd. now owns 2,600 shares of the company’s stock valued at $29,000 after buying an additional 2,215 shares during the last quarter. Quarry LP lifted its stake in Upwork by 92.5% in the first quarter. Quarry LP now owns 3,486 shares of the company’s stock valued at $39,000 after buying an additional 1,675 shares during the last quarter. CWM LLC lifted its stake in Upwork by 107.1% in the third quarter. CWM LLC now owns 4,323 shares of the company’s stock valued at $49,000 after buying an additional 2,236 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Upwork by 100.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,452 shares of the company’s stock valued at $59,000 after buying an additional 2,734 shares during the last quarter. Finally, UBS Group AG lifted its stake in Upwork by 30.7% in the third quarter. UBS Group AG now owns 4,634 shares of the company’s stock valued at $63,000 after buying an additional 1,089 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors. (Get Free Report) Upwork Inc, together with its subsidiaries, operates a work marketplace that connects businesses with various independent professionals and agencies in the United States, India, the Philippines, and internationally. The company's work marketplace provides access to talent with various skills across a range of categories, including sales and marketing, customer service, data science and analytics, design and creative, web, mobile, and software development. |
2024-11-12 | ETF Daily News | Cargojet (TSE:CJT) Price Target Cut to C$145.00 | Cargojet (TSE:CJT–Free Report)had its target price trimmed by Acumen Capital from C$175.00 to C$145.00 in a research report report published on Wednesday,BayStreet.CAreports. The firm currently has a buy rating on the stock. Other equities research analysts also recently issued research reports about the stock. Cormark decreased their price target on shares of Cargojet from C$117.00 to C$100.00 in a research note on Wednesday. ATB Capital reduced their target price on shares of Cargojet from C$130.00 to C$125.00 and set an outperform rating on the stock in a research note on Wednesday. TD Securities reduced their target price on shares of Cargojet from C$175.00 to C$170.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Scotiabank reduced their target price on shares of Cargojet from C$140.00 to C$136.00 and set an outperform rating on the stock in a research note on Wednesday, September 27th. Finally, National Bankshares reduced their price target on shares of Cargojet from C$112.00 to C$109.00 and set a sector perform rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$137.82. Get Our Latest Research Report on Cargojet Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCargojet stockopened at C$85.00 on Wednesday. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 10.73 and a beta of 0.95. The firm’s fifty day moving average is C$89.86 and its 200 day moving average is C$96.32. The company has a quick ratio of 0.79, a current ratio of 0.73 and a debt-to-equity ratio of 82.01. Cargojet has a 52-week low of C$76.50 and a 52-week high of C$143.61. Cargojet (TSE:CJT–Get Free Report) last released its quarterly earnings results on Monday, August 14th. The company reported C$0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($0.19). The business had revenue of C$209.70 million for the quarter, compared to analysts’ expectations of C$229.40 million. Cargojet had a net margin of 15.69% and a return on equity of 18.01%. Sell-side analysts forecast that Cargojet will post 4.4246719 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.029 per share. This represents a $0.12 annualized dividend and a yield of 0.14%. The ex-dividend date is Tuesday, December 19th. Cargojet’s payout ratio is 14.39%. (Get Free Report) Cargojet Inc provides time sensitive overnight air cargo services in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe. |
2024-11-12 | ETF Daily News | Expensify (NASDAQ:EXFY) PT Lowered to $2.00 | Expensify (NASDAQ:EXFY–Free Report)had its price target lowered by Morgan Stanley from $5.00 to $2.00 in a report published on Wednesday,Benzingareports. The firm currently has an underweight rating on the stock. A number of other research analysts have also commented on EXFY. JPMorgan Chase & Co. started coverage on shares of Expensify in a research note on Friday, September 15th. They issued an underweight rating on the stock. Loop Capital cut Expensify from a buy rating to a hold rating and dropped their price target for the company from $9.00 to $6.00 in a research report on Wednesday, August 9th. JMP Securities cut Expensify from an outperform rating to a market perform rating in a research report on Wednesday, August 9th. Citigroup dropped their target price on Expensify from $10.00 to $8.00 and set a buy rating on the stock in a report on Wednesday, August 9th. Finally, Lake Street Capital cut their price target on Expensify from $10.00 to $7.00 and set a buy rating for the company in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $6.50. View Our Latest Stock Analysis on EXFY Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofExpensify stockopened at $2.10 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $3.15 and a 200-day simple moving average of $5.43. The stock has a market cap of $143.68 million, a price-to-earnings ratio of -4.57 and a beta of 1.51. Expensify has a 12-month low of $1.52 and a 12-month high of $11.65. Expensify (NASDAQ:EXFY–Get Free Report) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.23). The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $39.16 million. Expensify had a negative return on equity of 37.67% and a negative net margin of 23.69%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. On average, equities analysts forecast that Expensify will post -0.37 EPS for the current fiscal year. In related news, major shareholder Steven J. Mclaughlin bought 91,013 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $4.50 per share, for a total transaction of $409,558.50. Following the completion of the purchase, the insider now owns 6,730,582 shares in the company, valued at $30,287,619. The transaction was disclosed in a document filed with the SEC, which can be accessed throughthe SEC website. In other Expensify news, major shareholder Steven J. Mclaughlin acquired 91,013 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $4.50 per share, with a total value of $409,558.50. Following the completion of the acquisition, the insider now directly owns 6,730,582 shares in the company, valued at approximately $30,287,619. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available atthis hyperlink. Also, CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $1.80, for a total value of $54,000.00. Following the completion of the sale, the chief executive officer now owns 2,624,021 shares in the company, valued at $4,723,237.80. The disclosure for this sale can be foundhere. In the last three months, insiders have bought 284,435 shares of company stock worth $938,760 and have sold 458,300 shares worth $1,714,912. Company insiders own 20.32% of the company’s stock. Hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY bought a new position in Expensify during the second quarter valued at approximately $25,000. Royal Bank of Canada boosted its holdings in Expensify by 117.8% in the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after acquiring an additional 1,178 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Expensify in the 2nd quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Expensify in the 2nd quarter valued at about $51,000. Finally, SG Americas Securities LLC bought a new position in shares of Expensify in the third quarter valued at $51,000. 56.70% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report) Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. |
2024-11-12 | ETF Daily News | Marinus Pharmaceuticals (NASDAQ:MRNS) Price Target Cut to $25.00 | Marinus Pharmaceuticals (NASDAQ:MRNS–Free Report)had its price target lowered by Truist Financial from $32.00 to $25.00 in a research note published on Wednesday morning,Benzingareports. The brokerage currently has a buy rating on the biopharmaceutical company’s stock. MRNS has been the topic of a number of other reports. Royal Bank of Canada increased their price objective on shares of Marinus Pharmaceuticals from $20.00 to $21.00 and gave the stock an outperform rating in a research note on Wednesday, September 20th.StockNews.combegan coverage on shares of Marinus Pharmaceuticals in a research note on Thursday, October 5th. They set a sell rating on the stock. Oppenheimer downgraded shares of Marinus Pharmaceuticals from an outperform rating to a market perform rating and reduced their price objective for the stock from $14.00 to $9.00 in a research note on Friday, August 11th. LADENBURG THALM/SH SH increased their price objective on shares of Marinus Pharmaceuticals from $13.00 to $15.50 in a research note on Wednesday, September 20th. Finally, Robert W. Baird reduced their price objective on shares of Marinus Pharmaceuticals from $24.00 to $20.00 and set an outperform rating on the stock in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $20.72. Get Our Latest Analysis on Marinus Pharmaceuticals Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverMRNS stockopened at $5.96 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 7.50 and a current ratio of 6.38. The company’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $8.24. Marinus Pharmaceuticals has a 52 week low of $3.46 and a 52 week high of $11.15. The company has a market capitalization of $325.24 million, a PE ratio of -2.25 and a beta of 1.11. Marinus Pharmaceuticals (NASDAQ:MRNS–Get Free Report) last released its quarterly earnings results on Thursday, August 10th. The biopharmaceutical company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.15. The business had revenue of $6.08 million for the quarter, compared to the consensus estimate of $5.14 million. Marinus Pharmaceuticals had a negative net margin of 432.64% and a negative return on equity of 175.74%. As a group, sell-side analysts anticipate that Marinus Pharmaceuticals will post -2.52 earnings per share for the current year. A number of large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY bought a new position in Marinus Pharmaceuticals during the 2nd quarter worth approximately $30,000. FMR LLC grew its position in Marinus Pharmaceuticals by 1,887.9% in the 1st quarter. FMR LLC now owns 4,433 shares of the biopharmaceutical company’s stock valued at $31,000 after purchasing an additional 4,210 shares during the period. BluePath Capital Management LLC bought a new stake in Marinus Pharmaceuticals during the 3rd quarter valued at $38,000. Quantbot Technologies LP bought a new stake in Marinus Pharmaceuticals during the 1st quarter valued at $40,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Marinus Pharmaceuticals during the 2nd quarter valued at $45,000. Institutional investors own 88.26% of the company’s stock. (Get Free Report) Marinus Pharmaceuticals, Inc, a pharmaceutical company, focuses on development and commercialization of therapeutic products for patients suffering from rare genetic epilepsies and other seizure disorders. It offers ZTALMY (ganaxolone), an oral suspension for the treatment of seizures associated with cyclin-dependent kinase-like 5 deficiency disorder for adult and pediatric patient populations in acute and chronic care, and in-patient and self-administered settings. |
2024-11-12 | ETF Daily News | CIBC Cuts Cargojet (TSE:CJT) Price Target to C$150.00 | Cargojet (TSE:CJT–Free Report)had its target price decreased by CIBC from C$154.00 to C$150.00 in a report published on Wednesday morning,BayStreet.CAreports. CIBC currently has an outperform rating on the stock. CJT has been the topic of several other research reports. National Bankshares cut their target price on Cargojet from C$119.00 to C$112.00 and set a sector perform rating on the stock in a research note on Tuesday, October 17th. TD Securities cut their target price on Cargojet from C$175.00 to C$170.00 and set a buy rating on the stock in a research note on Wednesday, September 27th. Royal Bank of Canada lowered their price target on Cargojet from C$197.00 to C$187.00 and set an outperform rating for the company in a report on Tuesday, September 26th. Scotiabank lowered their price target on Cargojet from C$140.00 to C$136.00 and set an outperform rating for the company in a report on Wednesday, September 27th. Finally, Cormark lowered their price target on Cargojet from C$117.00 to C$100.00 in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$137.82. View Our Latest Report on CJT Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCJTopened at C$85.00 on Wednesday. The business’s 50-day moving average is C$89.86 and its two-hundred day moving average is C$96.32. Cargojet has a 1 year low of C$76.50 and a 1 year high of C$143.61. The company has a debt-to-equity ratio of 82.01, a current ratio of 0.73 and a quick ratio of 0.79. The firm has a market capitalization of C$1.46 billion, a PE ratio of 10.73 and a beta of 0.95. Cargojet (TSE:CJT–Get Free Report) last posted its earnings results on Monday, August 14th. The company reported C$0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($0.19). Cargojet had a net margin of 15.69% and a return on equity of 18.01%. The company had revenue of C$209.70 million during the quarter, compared to analysts’ expectations of C$229.40 million. Research analysts anticipate that Cargojet will post 4.4246719 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.029 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Tuesday, December 19th. Cargojet’s dividend payout ratio (DPR) is 14.39%. (Get Free Report) Cargojet Inc provides time sensitive overnight air cargo services in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe. |
2024-11-12 | ETF Daily News | MetLife, Inc. (NYSE:MET) Receives Average Recommendation of “Moderate Buy” from Analysts | MetLife, Inc. (NYSE:MET–Get Free Report) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company,MarketBeat Ratingsreports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $76.18. A number of research analysts have issued reports on MET shares. Wells Fargo & Company raised their price target on shares of MetLife from $82.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of MetLife in a research note on Wednesday, October 4th. They issued a “hold” rating and a $71.00 price objective on the stock. Argus increased their price objective on shares of MetLife from $70.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. JPMorgan Chase & Co. cut their price objective on shares of MetLife from $85.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, October 6th. Finally, Royal Bank of Canada increased their price objective on shares of MetLife from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Read Our Latest Research Report on MetLife Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp grew its position in shares of MetLife by 11.4% in the first quarter. Synovus Financial Corp now owns 17,847 shares of the financial services provider’s stock valued at $1,260,000 after purchasing an additional 1,829 shares during the period. Brighton Jones LLC acquired a new stake in shares of MetLife in the first quarter valued at about $225,000. Baird Financial Group Inc. grew its position in shares of MetLife by 179.7% in the first quarter. Baird Financial Group Inc. now owns 540,081 shares of the financial services provider’s stock valued at $37,957,000 after purchasing an additional 346,999 shares during the period. Zions Bancorporation N.A. grew its position in shares of MetLife by 937.3% in the first quarter. Zions Bancorporation N.A. now owns 5,861 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 5,296 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of MetLife by 114.5% in the first quarter. Brown Brothers Harriman & Co. now owns 3,419 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 1,825 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock. NYSE METopened at $60.49 on Friday. The company has a fifty day simple moving average of $62.15 and a two-hundred day simple moving average of $59.14. The stock has a market cap of $44.77 billion, a P/E ratio of 22.24, a P/E/G ratio of 0.66 and a beta of 1.06. MetLife has a 12-month low of $48.95 and a 12-month high of $77.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.62. MetLife (NYSE:MET–Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.02). The company had revenue of $15.87 billion during the quarter, compared to analysts’ expectations of $17.49 billion. MetLife had a return on equity of 19.14% and a net margin of 3.60%. The company’s quarterly revenue was down 28.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS. On average, analysts forecast that MetLife will post 7.57 earnings per share for the current year. The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 9th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, November 8th. This represents a $2.08 annualized dividend and a yield of 3.44%. MetLife’s dividend payout ratio is presently 76.47%. (Get Free Report MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements. |
2024-11-13 | ETF Daily News | AdvisorShares Investments LLC Takes Position in Verisk Analytics, Inc. (NASDAQ:VRSK) | AdvisorShares Investments LLC purchased a new position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK–Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,034 shares of the business services provider’s stock, valued at approximately $460,000. A number of other hedge funds have also recently added to or reduced their stakes in VRSK. Garrison Asset Management LLC raised its position in Verisk Analytics by 0.4% during the second quarter. Garrison Asset Management LLC now owns 12,415 shares of the business services provider’s stock valued at $2,846,000 after purchasing an additional 47 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Verisk Analytics by 25.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 244 shares of the business services provider’s stock worth $55,000 after buying an additional 49 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its stake in Verisk Analytics by 4.6% in the first quarter. UNIVEST FINANCIAL Corp now owns 1,190 shares of the business services provider’s stock valued at $228,000 after buying an additional 52 shares in the last quarter. MV Capital Management Inc. grew its position in Verisk Analytics by 61.2% in the second quarter. MV Capital Management Inc. now owns 137 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 52 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Verisk Analytics by 31.8% during the second quarter. EverSource Wealth Advisors LLC now owns 224 shares of the business services provider’s stock worth $51,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 90.81% of the company’s stock. Verisk Analytics stockopened at $237.93 on Monday. The firm has a 50 day moving average price of $238.45 and a 200-day moving average price of $229.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 7.22. Verisk Analytics, Inc. has a twelve month low of $167.81 and a twelve month high of $249.26. The company has a market capitalization of $34.50 billion, a P/E ratio of 69.98, a P/E/G ratio of 3.90 and a beta of 0.85. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverVerisk Analytics (NASDAQ:VRSK–Get Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.05. The business had revenue of $677.60 million during the quarter, compared to analyst estimates of $663.33 million. Verisk Analytics had a return on equity of 135.34% and a net margin of 19.04%. Verisk Analytics’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, equities analysts predict that Verisk Analytics, Inc. will post 5.72 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, December 14th. Verisk Analytics’s dividend payout ratio is currently 40.00%. VRSK has been the topic of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of Verisk Analytics in a report on Thursday, August 3rd. The Goldman Sachs Group lifted their price objective on Verisk Analytics from $215.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Morgan Stanley lifted their target price on shares of Verisk Analytics from $201.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Verisk Analytics from $260.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, BMO Capital Markets lifted their price objective on Verisk Analytics from $229.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Verisk Analytics presently has an average rating of “Hold” and a consensus target price of $248.23. Get Our Latest Report on VRSK In other news, DirectorTherese M. Vaughansold 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $232.45, for a total value of $1,510,925.00. Following the sale, the director now owns 20,679 shares of the company’s stock, valued at $4,806,833.55. The transaction was disclosed in a legal filing with the SEC, which is accessible throughthe SEC website. In other news, Director Therese M. Vaughan sold 6,500 shares of Verisk Analytics stock in a transaction on Monday, August 21st. The stock was sold at an average price of $232.45, for a total value of $1,510,925.00. Following the completion of the transaction, the director now directly owns 20,679 shares in the company, valued at $4,806,833.55. The sale was disclosed in a document filed with the SEC, which is available throughthe SEC website. Also, insiderNicholas Daffansold 1,516 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $246.02, for a total transaction of $372,966.32. Following the completion of the sale, the insider now owns 43,931 shares in the company, valued at $10,807,904.62. The disclosure for this sale can be foundhere. Insiders sold 9,532 shares of company stock worth $2,254,750 over the last quarter. 1.31% of the stock is currently owned by company insiders. (Free Report) Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields. Want to see what other hedge funds are holding VRSK?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Verisk Analytics, Inc. (NASDAQ:VRSK–Free Report). |
2024-11-13 | ETF Daily News | Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Bought by Ellevest Inc. | Ellevest Inc. increased its stake in Verisk Analytics, Inc. (NASDAQ:VRSK–Free Report) by 4.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,077 shares of the business services provider’s stock after buying an additional 127 shares during the quarter. Ellevest Inc.’s holdings in Verisk Analytics were worth $695,000 as of its most recent filing with the SEC. Several other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in shares of Verisk Analytics during the first quarter valued at about $27,000. EP Wealth Advisors LLC purchased a new position in Verisk Analytics in the first quarter valued at about $28,000. Geneos Wealth Management Inc. grew its stake in Verisk Analytics by 153.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 124 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 75 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Verisk Analytics during the 2nd quarter valued at approximately $30,000. Finally, MV Capital Management Inc. increased its holdings in Verisk Analytics by 61.2% during the 2nd quarter. MV Capital Management Inc. now owns 137 shares of the business services provider’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors. A number of analysts have recently weighed in on VRSK shares. Jefferies Financial Group downgraded shares of Verisk Analytics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Argus assumed coverage on shares of Verisk Analytics in a research note on Thursday, September 14th. They issued a “buy” rating and a $288.00 target price on the stock. The Goldman Sachs Group increased their price target on shares of Verisk Analytics from $215.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Truist Financial upped their price objective on Verisk Analytics from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Verisk Analytics in a report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Verisk Analytics has a consensus rating of “Hold” and a consensus target price of $248.23. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Research Report on VRSK In other Verisk Analytics news, insiderNicholas Daffansold 1,516 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $246.02, for a total transaction of $372,966.32. Following the sale, the insider now owns 43,931 shares in the company, valued at approximately $10,807,904.62. The transaction was disclosed in a filing with the SEC, which is available throughthis link. In other news, insiderNicholas Daffansold 1,516 shares of Verisk Analytics stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $246.02, for a total value of $372,966.32. Following the transaction, the insider now directly owns 43,931 shares of the company’s stock, valued at $10,807,904.62. The transaction was disclosed in a legal filing with the SEC, which is accessible throughthis hyperlink. Also, DirectorTherese M. Vaughansold 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $232.45, for a total transaction of $1,510,925.00. Following the completion of the sale, the director now owns 20,679 shares of the company’s stock, valued at approximately $4,806,833.55. The disclosure for this sale can be foundhere. Insiders sold 9,532 shares of company stock worth $2,254,750 in the last quarter. 1.31% of the stock is owned by company insiders. NASDAQ VRSKopened at $237.93 on Monday. Verisk Analytics, Inc. has a 12 month low of $167.81 and a 12 month high of $249.26. The company has a market capitalization of $34.50 billion, a P/E ratio of 69.98, a PEG ratio of 3.90 and a beta of 0.85. The company’s 50 day simple moving average is $238.45 and its 200 day simple moving average is $229.29. The company has a debt-to-equity ratio of 7.22, a current ratio of 1.18 and a quick ratio of 1.18. Verisk Analytics (NASDAQ:VRSK–Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. Verisk Analytics had a net margin of 19.04% and a return on equity of 135.34%. The firm had revenue of $677.60 million for the quarter, compared to analyst estimates of $663.33 million. During the same quarter in the previous year, the business posted $1.46 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Verisk Analytics, Inc. will post 5.72 earnings per share for the current fiscal year. The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, December 14th. Verisk Analytics’s dividend payout ratio is 40.00%. (Free Report) Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields. |
2024-11-13 | Forbes | State Legislatures Can’t Shake Their Single-Payer Dreams. That’s A Problem. | Pipes writes, "single-payer health care saddles patients with interminable waits for subpar care—and ... [+] charges them dearly for the privilege." Michigan is the latest state to flirt with a government takeover of the health insurance system. Earlier this year, Democratic Rep. Carrie Rheingans, who represents Ann Arbor, and several of her colleagues introduced House Bill 4893, which would create a state-run single-payer healthcare system. It's part of a nationwide trend. Lawmakers in 21 states introduced 66 different single-payer bills between 2010 and 2019, according to a study published in the University of Pennsylvania Law Review. Like the national Medicare for All legislation from which these plans draw their inspiration, these bills would provide unlimited health care for no charge at the point of service. That may sound appealing. But single-payer health care saddles patients with interminable waits for subpar care—and charges them dearly for the privilege. Thankfully, it's a lot easier to talk about implementing single-payer than to actually do so. Last month, California Governor Gavin Newsom signed a bill that requires state lawmakers to devise a plan for a single-payer system by November 2025. The new law is banking on a waiver from the federal government to spend federal funds earmarked for Medicare, Medicaid, and the like on a new state-run health plan. It's no sure thing that the feds will grant that waiver. The overall cost of single-payer in California could reach $500 billion a year. That's more than twice the state's annual budget. Across the country, New York lawmakers revived the New York Health Act, another single-payer proposal, for the umpteenth time this past July. The RAND Corporation projected in 2018 that the Empire State would need $139 billion in 2022 to pay for it. That's 156% more than the state was projected to take in taxes. New York's governors have historically been cool to single-payer. Democratic Gov. Kathy Hochul is considered unsupportive. Her predecessor, Gov. Andrew Cuomo, caught flak from his left flank for insisting that only the federal government should institute a single-payer plan. Oregon and Washington have both chartered commissions to try to figure out how to install single-payer within their borders. As American progressives work to put bureaucrats in charge of the healthcare system, patients in countries that have already done so are suffering under single-payer. British Prime Minister Rishi Sunak pledged in January that "waiting lists will fall" for care delivered by the National Health Service. At the time, there were 7.2 million people on the wait list. Today, there are 7.75 million, the longest wait list in recorded history. That number could rise to 8 million by the summer, according to a recent report. The NHS's wait times have been exacerbated as healthcare providers have launched a battery of strikes over the last year for higher wages. The strikes have put pressure on providers who remained on the job to take care of patients, including one general practitioner who told the Financial Times that she frequently works 10-hour days to treat a backlog of 10,000 patients—a significant increase from the 1,600 patients in her care when she began her career in the 1980s. In my native Canada, more than 1.3 million patients waited in emergency rooms without ever being seen by a doctor between April 2022 and March 2023, CTV News reported last month. That's a 34% increase over the figure the previous year. The Canadian government this year announced it would send $200 billion to its provinces in the coming decade to bail out their overburdened healthcare systems. Like Medicare for All supporters in the states, some Canadian lawmakers don't seem to realize the root of the problem. Members of the progressive New Democratic Party are pushing for the country's single-payer program to cover prescription drugs. Doing so would further strain the healthcare system and subject Canadian patients to the same kind of prescription coverage denials that British patients routinely face. Fortunately, not all Canadian leaders have fallen prey to the single-payer delusion. Ontario in May passed a law expanding private delivery of care, after the province's premier, Doug Ford called for measures to relieve the strain on the healthcare system. Reforms like that will be a relief to Canadian patients, who spent around $690 million leaving the country for health care in 2017. State legislators pining for single-payer ought to take a look at the disasters unfolding in Canada and Britain. What they see should disabuse them of the notion that socialized medicine is something worth importing. |
2024-11-13 | ETF Daily News | Montag A & Associates Inc. Buys 2,704 Shares of CVS Health Co. (NYSE:CVS) | Montag A & Associates Inc. lifted its stake in shares of CVS Health Co. (NYSE:CVS–Free Report) by 9.7% in the second quarter,HoldingsChannel.comreports. The fund owned 30,568 shares of the pharmacy operator’s stock after acquiring an additional 2,704 shares during the quarter. Montag A & Associates Inc.’s holdings in CVS Health were worth $2,113,000 at the end of the most recent reporting period. A number of other hedge funds also recently made changes to their positions in CVS. Weik Capital Management increased its position in CVS Health by 0.7% during the 1st quarter. Weik Capital Management now owns 17,600 shares of the pharmacy operator’s stock valued at $1,781,000 after purchasing an additional 120 shares during the period. FCA Corp TX boosted its holdings in shares of CVS Health by 0.6% in the 1st quarter. FCA Corp TX now owns 20,109 shares of the pharmacy operator’s stock valued at $2,035,000 after buying an additional 122 shares in the last quarter. Arvest Trust Co. N A boosted its holdings in shares of CVS Health by 1.2% in the 4th quarter. Arvest Trust Co. N A now owns 11,157 shares of the pharmacy operator’s stock valued at $1,040,000 after buying an additional 131 shares in the last quarter. Ten Capital Wealth Advisors LLC boosted its holdings in shares of CVS Health by 8.4% in the 2nd quarter. Ten Capital Wealth Advisors LLC now owns 1,787 shares of the pharmacy operator’s stock valued at $123,000 after buying an additional 138 shares in the last quarter. Finally, FirstPurpose Wealth LLC boosted its holdings in shares of CVS Health by 4.9% in the 1st quarter. FirstPurpose Wealth LLC now owns 3,029 shares of the pharmacy operator’s stock valued at $225,000 after buying an additional 142 shares in the last quarter. 75.99% of the stock is owned by institutional investors. A number of research firms have recently weighed in on CVS. Wolfe Research upgraded shares of CVS Health from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, September 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $87.00 price target on shares of CVS Health in a report on Thursday, September 14th. Royal Bank of Canada lowered their price target on shares of CVS Health from $91.00 to $86.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Morgan Stanley lowered their target price on shares of CVS Health from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Finally, Truist Financial lowered their target price on shares of CVS Health from $103.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, CVS Health currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.59. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Report on CVS Health Shares ofNYSE CVSopened at $67.68 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.76 and a beta of 0.58. The company has a 50 day simple moving average of $69.59 and a two-hundred day simple moving average of $70.15. CVS Health Co. has a 12 month low of $64.41 and a 12 month high of $104.83. CVS Health (NYSE:CVS–Get Free Report) last posted its earnings results on Wednesday, November 1st. The pharmacy operator reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.08. The firm had revenue of $89.76 billion during the quarter, compared to analyst estimates of $88.29 billion. CVS Health had a net margin of 2.47% and a return on equity of 15.36%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. As a group, analysts predict that CVS Health Co. will post 8.59 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, October 19th. CVS Health’s dividend payout ratio (DPR) is 36.50%. In related news, DirectorEdward J. Ludwigpurchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was bought at an average price of $70.47 per share, with a total value of $140,940.00. Following the acquisition, the director now owns 20,630 shares in the company, valued at $1,453,796.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthis hyperlink. Insiders own 0.25% of the company’s stock. (Free Report) CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Want to see what other hedge funds are holding CVS?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for CVS Health Co. (NYSE:CVS–Free Report). |
2024-11-13 | The Times of India | One year after FTX imploded, here's how crypto is changing | Bloomberg One of the hardest-hit corners of crypto is NFTs, made famous by collections like Bored Ape Yacht Club's cartoon primates and CryptoPunks' pixelated characters. For many who trade cryptocurrencies for a living, the events of a year ago are forever etched in memory. "The worst day of my career, and one of the worst days of my life - the day FTX froze withdrawals," is how Travis Kling, who runs Ikigai Asset Management, described it in a series of tweets on Nov. 7. Four days later, Sam Bankman-Fried 's exchange filed for bankruptcy, ushering in arguably the darkest days in crypto 's history. "The first weeks were incredibly brutal. I didn't sleep much at all. Feelings of terror, guilt and shame. We laid off most of the team," Kling wrote. A year on, the industry is irrevocably altered - while at the same time in many ways rem arkably familiar. Mostly gone are the giddy day traders and the abundant leverage that drove Bitcoin to its November 2021 high at close to $69,000. Same for celebrities and social-media influencers peddling nonfungible tokens and memecoins. Regulators determined not to get caught off guard again are tightening their grip. And large financial firms like BlackRock Inc. are moving in, drawn by the prospect of the US Securities and Exchange Commission giving its first blessing for an ETF investing directly in Bitcoin. Did you Know? SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes. View Details » Perhaps the most tangible indicator that crypto has moved on: Bitcoin has recovered all its losses since the May 2022 implosion of stablecoin TerraUSD, which set in motion the wave of failures that ultimately helped bring down FTX. "People have short memories," said Jeff Dorman, chief investment officer at asset manager Arca. Some observers see an industry still afflicted by rampant speculation and insufficient safeguards. The Tether stablecoin, a pillar of the sector long dodged by speculation about the quality of assets backing it and allegations that it's being used by criminals, has become more dominant in recent months. Binance, the biggest exchange, still operates without a formal headquarters. "The industry still primarily offers assets that can be made up out of thin air with values that are eminently manipulable," said Hilary Allen, a law professor at American University Washington College of Law who has written about crypto's impact on financial stability. "We still see crypto exchanges performing brokerage activities - with all the conflicts of interest that entails - and there are still allegations of exchanges commingling customer assets." Here are some of the ways in which crypto has changed since FTX fell. The Market By the time FTX went down, the crypto market was already months into the rout that claimed TerraUSD, hedge fund Three Arrows Capital and lender Celsius Network. But the fall of FTX, once one of the top crypto exchanges by trading volume, was even more damaging, according to Aaron Brown, a crypto investor who writes for Bloomberg Opinion. "FTX was just the climax of a year of crypto credit collapse," he said. "It sharply reduced the easy trading profits and exchange fees from retail traders, and also hurt staking, NFTs and other bubble froth." The number of over-the-counter desks has declined, with mainly the more conservative ones remaining, according to Tegan Kline, co-founder of Edge & Node, which developed a crypto project called The Graph. That, combined with the erosion of leverage, has sapped liquidity. "Leverage is gone," Kline said. "A lot of people have pulled money out of the system or they have money stuck at FTX." A number of crypto exchanges have launched new lending programs in recent months, while several more lending projects are expected to debut shortly, hoping to fill in the gap. Approval of a Bitcoin ETF could help increase liquidity as well. One of the hardest-hit corners of crypto is NFTs, made famous by collections like Bored Ape Yacht Club's cartoon primates and CryptoPunks' pixelated characters. Weekly trading in NFTs has fallen to half of what it was when FTX went bankrupt. Bloomberg Regulators Like no event before it, the FTX crash woke governments around the world up to the need for tighter guardrails around crypto. In short order, the SEC and the Commodity Futures Trading Commission went after top exchanges like Binance (along with Chief Executive Officer Changpeng "CZ" Zhao), Coinbase Global Inc. and Kraken. “Regulatory bodies have intensified their oversight of centralized exchanges since the collapse of FTX,” said Jacob Joseph, a research analyst at crypto analytics firm CCData. The European Union adopted its Markets in Crypto-Assets regulation in May, providing a new legal framework for the industry. Both Hong Kong and Dubai introduced new crypto regulatory regimes over the summer, pledging to clamp down on bad behavior, while positioning themselves as new hubs for the industry. At the same time, regulators around the world kept clamping down on Binance, which exited countries like Canada and the Netherlands under pressure. Zhao isn’t the only crypto leader to find himself in the crosshairs. In July, a year after Celsius filed for bankruptcy, former CEO Alex Mashinsky was arrested and charged with fraud (he has pleaded not guilty). A week ago, Bankman-Fried was convicted on seven counts of fraud and conspiracy following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends. “This guilty verdict shows that perpetrators of these types of scams will eventually face the law and suffer the consequences of their crimes, even in crypto,” said Cory Klippsten, CEO of Bitcoin financial services firm Swan. Venture Capital During the heady days of 2021 and early 2022, venture capitalists were the industry’s biggest cheerleaders, pouring billions of dollars into budding startups. But the collapse of FTX sparked a hasty retreat, with crypto venture funding tumbling 63% to $2 billion in the third quarter from a year earlier, according to PitchBook. “We’ve got way fewer dollars going into the space,” said David Pakman, managing partner at crypto VC firm CoinFund. Tech-focused VCs have pivoted away from crypto to focus on hot new areas like artificial intelligence, he added. Bloomberg The VC firms that pumped almost $2 billion into FTX came under heavy fire for not spotting the fraud. Sequoia Capital, Thoma Bravo and Paradigm even face a class-action lawsuit from FTX investors who alleged that these VCs hyped the legitimacy of the exchange. As a result, investors are now running background checks on company founders and asking for hard data on metrics like revenue and customer growth, said Pakman. “They need more than a business plan,” he said. Startups themselves have also adapted, increasingly choosing to launch their businesses in places like Singapore, the UK and European Union, which are viewed as more friendly to crypto than the US, according to Pakman. Kate Laurence, CEO of Bloccelerate VC, said that the “irrational exuberance” that characterized the crypto bull run overshadowed the need for vetting potential investments, but it’s now a much different time for VCs. Due diligence is “no longer something that they can choose whether or not to participate in,” she said. Decentralized Finance The collapse of FTX, a centralized exchange, has reignited interest in decentralized finance, according to Paul Veradittakit, managing partner at crypto VC firm Pantera Capital. “We see a new breed of DeFi companies around derivatives and structured products, companies hoping to provide separation of custody and clearing, and companies providing more transparency around credit,” he said. While the total value of cryptocurrencies locked on DeFi applications is still down from a year ago, it has rebounded in recent months. Bloomberg FTX drove home the peril of keeping your digital assets on a centralized exchange, said Edge & Node’s Kline. Former FTX users are still seeking to recover some $16 billion of crypto that was trapped on the platform when it went down. For all the soul-searching and change FTX’s messy demise has wrought, the defunct platform may be about to embark on a second act. Three bidders are competing to buy the remnants of FTX and reboot the exchange in an auction for the assets. “It’s like, are you kidding me? Have you learned nothing?” Kline said. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Tuesday, 14 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition I-T Lens on Google, Amazon & Apple for likely ₹5kcr Demand The Income Tax (I-T) Department is investigating the Indian units of Apple, Google and Amazon over possible non-payment of tax. In connection with a probe that began in 2021, the authorities have sought detailed explanations from the tech behemoths on their transfer pricing (TP) practices, according to people aware of the matter. Indians End British Raj to Top Dubai Realty Buyers’ Mkt Indians have become the largest real estate investors in the Dubai property market, playing a pivotal role in shaping the city’s real estate market. Razorpay’s Reunion Plan with US Parent may Cut Deep Digital payments platform Razorpay plans to move its parent firm to India through a cross-country merger that may entail a tax payment of $250-300 million in the US, where it is currently domiciled, according to multiple people aware of discussions. Read More News on crypto FTX industry BlackRock (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Download The Economic Times News App to get Daily Market Updates & Live Business News. Top Trending Stocks: Sensex Today Live , SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price ... more less Pick the best stocks for yourself
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2024-11-13 | ETF Daily News | Holistic Financial Partners Increases Position in The PNC Financial Services Group, Inc. (NYSE:PNC) | Holistic Financial Partners boosted its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 28.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,275 shares of the financial services provider’s stock after purchasing an additional 502 shares during the quarter. Holistic Financial Partners’ holdings in The PNC Financial Services Group were worth $287,000 at the end of the most recent reporting period. Several other institutional investors also recently bought and sold shares of PNC. MUFG Securities EMEA plc acquired a new stake in The PNC Financial Services Group in the 2nd quarter valued at $25,000. Centerpoint Advisors LLC purchased a new stake in The PNC Financial Services Group during the 1st quarter worth approximately $26,000. Fiduciary Alliance LLC acquired a new position in shares of The PNC Financial Services Group during the second quarter valued at approximately $27,000. Roffman Miller Associates Inc. PA purchased a new position in shares of The PNC Financial Services Group in the second quarter valued at approximately $30,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter worth approximately $33,000. 80.14% of the stock is owned by institutional investors and hedge funds. NYSE PNCtraded down $0.93 on Monday, reaching $119.50. The stock had a trading volume of 249,008 shares, compared to its average volume of 2,925,509. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $170.27. The stock has a fifty day moving average price of $119.43 and a two-hundred day moving average price of $122.75. The firm has a market capitalization of $47.60 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.07 and a beta of 1.14. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe PNC Financial Services Group (NYSE:PNC–Get Free Report) last posted its earnings results on Friday, October 13th. The financial services provider reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.50. The firm had revenue of $5.23 billion for the quarter, compared to analyst estimates of $5.32 billion. The PNC Financial Services Group had a return on equity of 12.91% and a net margin of 20.39%. The PNC Financial Services Group’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. As a group, sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 43.03%. Several research analysts recently commented on PNC shares. Piper Sandler increased their price objective on The PNC Financial Services Group from $130.00 to $131.00 and gave the company a “neutral” rating in a research note on Friday, September 15th. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of The PNC Financial Services Group in a research report on Tuesday, October 24th. HSBC assumed coverage on shares of The PNC Financial Services Group in a report on Thursday, September 7th. They issued a “reduce” rating and a $110.00 price objective for the company. Odeon Capital Group cut The PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Finally, Wells Fargo & Company cut their price target on The PNC Financial Services Group from $186.00 to $176.00 in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $150.99. Read Our Latest Report on The PNC Financial Services Group (Free Report) The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. |
2024-11-13 | ETF Daily News | Holistic Financial Partners Decreases Holdings in Lloyds Banking Group plc (NYSE:LYG) | Holistic Financial Partners decreased its holdings in Lloyds Banking Group plc (NYSE:LYG–Free Report) by 22.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,058 shares of the financial services provider’s stock after selling 9,428 shares during the period. Holistic Financial Partners’ holdings in Lloyds Banking Group were worth $71,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in the business. Waldron Private Wealth LLC bought a new stake in Lloyds Banking Group during the 1st quarter valued at $25,000. Lido Advisors LLC purchased a new position in shares of Lloyds Banking Group during the 2nd quarter worth approximately $26,000. Fortune Financial Advisors LLC bought a new position in Lloyds Banking Group in the second quarter worth $27,000. Ascent Group LLC purchased a new position in Lloyds Banking Group during the 1st quarter valued at about $28,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $28,000. Institutional investors own 2.15% of the company’s stock. LYG has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Lloyds Banking Group from GBX 63 ($0.78) to GBX 62 ($0.77) in a research report on Friday, September 22nd. Royal Bank of Canada dropped their target price on Lloyds Banking Group from GBX 70 ($0.86) to GBX 68 ($0.84) in a research report on Thursday, July 27th. Finally,StockNews.combegan coverage on shares of Lloyds Banking Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and an average target price of $63.29. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Stock Report on Lloyds Banking Group Shares ofLloyds Banking Group stockremained flat at $2.03 on Monday. 2,169,288 shares of the stock traded hands, compared to its average volume of 10,138,775. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $2.63. The company’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.17. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 2.06. The firm has a market cap of $32.25 billion, a PE ratio of 5.21, a P/E/G ratio of 0.48 and a beta of 1.29. Lloyds Banking Group (NYSE:LYG–Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Lloyds Banking Group had a net margin of 20.61% and a return on equity of 11.48%. The company had revenue of $5.72 billion for the quarter. Research analysts expect that Lloyds Banking Group plc will post 0.38 earnings per share for the current year. (Free Report) Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance, Pensions, and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. Want to see what other hedge funds are holding LYG?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Lloyds Banking Group plc (NYSE:LYG–Free Report). |
2024-11-13 | ETF Daily News | AdvisorShares Investments LLC Increases Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) | AdvisorShares Investments LLC increased its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI–Free Report) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,192 shares of the real estate investment trust’s stock after purchasing an additional 419 shares during the quarter. AdvisorShares Investments LLC’s holdings in Gaming and Leisure Properties were worth $445,000 as of its most recent SEC filing. A number of other institutional investors also recently added to or reduced their stakes in GLPI. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Gaming and Leisure Properties by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,197 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 3,049 shares in the last quarter. Bank of Montreal Can boosted its stake in Gaming and Leisure Properties by 46.2% in the first quarter. Bank of Montreal Can now owns 123,317 shares of the real estate investment trust’s stock valued at $5,837,000 after acquiring an additional 38,942 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Gaming and Leisure Properties in the first quarter worth $219,000. Great West Life Assurance Co. Can increased its position in shares of Gaming and Leisure Properties by 41.1% during the first quarter. Great West Life Assurance Co. Can now owns 21,974 shares of the real estate investment trust’s stock worth $1,086,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 22.2% during the 1st quarter. Yousif Capital Management LLC now owns 14,425 shares of the real estate investment trust’s stock valued at $677,000 after purchasing an additional 2,620 shares during the last quarter. Institutional investors own 89.08% of the company’s stock. In other news, DirectorBarry F. Schwartzacquired 1,500 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $45.83 per share, with a total value of $68,745.00. Following the purchase, the director now directly owns 55,323 shares of the company’s stock, valued at $2,535,453.09. The purchase was disclosed in a legal filing with the SEC, which is available atthis link. 4.40% of the stock is currently owned by corporate insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNASDAQ GLPIopened at $45.25 on Monday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 16.51, a PEG ratio of 4.86 and a beta of 0.98. The stock has a 50-day simple moving average of $46.38 and a two-hundred day simple moving average of $47.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.23. Gaming and Leisure Properties, Inc. has a fifty-two week low of $43.54 and a fifty-two week high of $55.13. The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.73 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.72. This represents a $2.92 annualized dividend and a yield of 6.45%. The ex-dividend date was Thursday, September 14th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 106.57%. Several research analysts recently weighed in on the company. Royal Bank of Canada dropped their target price on Gaming and Leisure Properties from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th.StockNews.cominitiated coverage on shares of Gaming and Leisure Properties in a research note on Thursday, October 5th. They issued a “hold” rating for the company. UBS Group boosted their target price on shares of Gaming and Leisure Properties from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Wells Fargo & Company assumed coverage on shares of Gaming and Leisure Properties in a report on Wednesday, September 20th. They issued an “equal weight” rating and a $50.00 price target for the company. Finally, Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.25. View Our Latest Research Report on Gaming and Leisure Properties (Free Report) GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Want to see what other hedge funds are holding GLPI?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI–Free Report). |
2024-11-13 | ETF Daily News | Critical Survey: Phreesia (NYSE:PHR) versus MSCI (NYSE:MSCI) | Phreesia (NYSE:PHR–Get Free Report) and MSCI (NYSE:MSCI–Get Free Report) are both medical companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, earnings, valuation, institutional ownership, dividends and profitability. 94.4% of Phreesia shares are owned by institutional investors. Comparatively, 88.6% of MSCI shares are owned by institutional investors. 5.8% of Phreesia shares are owned by insiders. Comparatively, 3.1% of MSCI shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth. This table compares Phreesia and MSCI’s top-line revenue, earnings per share and valuation. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverMSCI has higher revenue and earnings than Phreesia. Phreesia is trading at a lower price-to-earnings ratio than MSCI, indicating that it is currently the more affordable of the two stocks. This table compares Phreesia and MSCI’s net margins, return on equity and return on assets. Phreesia has a beta of 0.81, indicating that its stock price is 19% less volatile than the S&P 500. Comparatively, MSCI has a beta of 1.11, indicating that its stock price is 11% more volatile than the S&P 500. This is a breakdown of recent recommendations and price targets for Phreesia and MSCI, as reported by MarketBeat. Phreesia presently has a consensus target price of $37.15, indicating a potential upside of 148.52%. MSCI has a consensus target price of $563.86, indicating a potential upside of 9.64%. Given Phreesia’s stronger consensus rating and higher possible upside, equities analysts clearly believe Phreesia is more favorable than MSCI. MSCI beats Phreesia on 7 of the 13 factors compared between the two stocks. (Get Free Report) Phreesia, Inc. provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. Its Phreesia Platform offers access solutions that offers appointment scheduling system for online appointments, reminders, and referral tracking; registration solution to automate patient self-registration; revenue cycle solution, which offer insurance-verification processes, point-of-sale payments applications, post-visit payment collection, and flexible payment options; and network connect solution to deliver clinically relevant content to patients. The company deploys its platform in a range of modalities, such as Phreesia Mobile, a patients' mobile device; Phreesia Dashboard, a web-based dashboard for healthcare services clients; PhreesiaPads, a self-service intake tablets; and Arrivals Kiosks, an on-site kiosks. It serves patients; single-specialty practices, multi-specialty groups, and health systems; and pharmaceutical, medical device, and biotechnology companies. The company was incorporated in 2005 and is headquartered in Wilmington, Delaware. (Get Free Report) MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York. |
2024-11-13 | GlobeNewswire | Brookfield Expands its Operations in Germany with a New Frankfurt Office | BROOKFIELD, NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) announced today the opening of its new Frankfurt office. The new office reinforces Brookfield’s long-term conviction in Germany and enables it to be closer to its investors, portfolio companies and investment opportunities across the German-speaking region. Brookfield has been actively investing in Germany since 2013, and today has over €25 billion of assets across sectors critical to the German economy. Its portfolio spans digital and residential decarbonization infrastructure, student housing, logistics and renewable power, in addition to investments in iconic real estate like the newly redeveloped Potsdamer Platz in the heart of Berlin. Through its operations, Brookfield employs over 4,000 people in Germany. Connor Teskey, President, Brookfield, said, “The launch of our new Frankfurt office is an exciting milestone in our continued growth in Europe. We have been investing in Germany for over a decade and have built a portfolio of high-quality assets and businesses and see significant opportunities for further investment.” Sikander Rashid, Head of Europe and Head of European Infrastructure, said, “Germany is home to some of the world’s foremost industrial companies and ranks among the most influential economies globally. We are excited to partner with businesses seeking to reduce carbon emissions, localize supply chains and build out the critical infrastructure that underpins an increasingly digital economy.” Brookfield’s investments in Germany over the last two years total over €10 billion of equity and include a partnership with Deutsche Telekom on the €10.7 billion GD Towers transaction, the acquisition of Sunovis, a German solar developer, and an investment in alstria REIT. Brookfield has been investing in Europe since 2003, and today manages approximately €160 billion of assets across the region. With offices in London, Madrid and now Frankfurt, Brookfield is active across all its major strategies in Europe. About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with $850 billion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at https://bam.brookfield.com or contact: Media Marie FullerBrookfield Asset ManagementM: +44 207 407 8375E:marie.fuller@brookfield.com Notice to Readers In addition to historical fact, this news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, and, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and reflect management’s current estimates, beliefs and assumptions, which are in turn based on the perception of historical trends, current conditions and expected future developments regarding Brookfield, as well as other factors management believes are appropriate in the circumstances. Forward-looking statements include words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions.In particular, the forward-looking statements contained in this news release include statements referring to investment opportunities, and Brookfield’s growth prospects, in Germany and Europe. Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions,certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, or that are not presently known to Brookfield or that Brookfield currently believes are not material, could cause actual results or events to differ materially from those expressed or implied by forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements that are included in this news release, which are made as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise. |
2024-11-13 | ETF Daily News | Cim Investment Management Inc. Acquires Shares of 7,974 Radian Group Inc. (NYSE:RDN) | Cim Investment Management Inc. acquired a new position in Radian Group Inc. (NYSE:RDN–Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,974 shares of the insurance provider’s stock, valued at approximately $202,000. Several other large investors also recently made changes to their positions in RDN. New York State Teachers Retirement System lifted its position in Radian Group by 0.5% during the 2nd quarter. New York State Teachers Retirement System now owns 89,237 shares of the insurance provider’s stock worth $2,256,000 after buying an additional 400 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Radian Group by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 232,696 shares of the insurance provider’s stock worth $4,572,000 after acquiring an additional 598 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Radian Group by 5.2% during the second quarter. NorthCrest Asset Manangement LLC now owns 12,075 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 600 shares in the last quarter. Kendall Capital Management grew its stake in shares of Radian Group by 5.5% during the second quarter. Kendall Capital Management now owns 13,690 shares of the insurance provider’s stock valued at $346,000 after purchasing an additional 710 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Radian Group by 5.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,320 shares of the insurance provider’s stock valued at $463,000 after purchasing an additional 980 shares in the last quarter. Institutional investors own 96.17% of the company’s stock. In other Radian Group news, DirectorGregory Seriosold 3,800 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $26.82, for a total value of $101,916.00. Following the completion of the sale, the director now owns 8,221 shares of the company’s stock, valued at $220,487.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthe SEC website. 1.58% of the stock is currently owned by corporate insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRDNtraded up $0.08 during trading on Monday, reaching $26.62. 181,530 shares of the company’s stock were exchanged, compared to its average volume of 1,525,763. The company’s fifty day moving average price is $25.95 and its 200-day moving average price is $25.92. The firm has a market capitalization of $4.08 billion, a PE ratio of 6.86, a P/E/G ratio of 1.42 and a beta of 1.09. Radian Group Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $28.26. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.43 and a current ratio of 1.43. Radian Group (NYSE:RDN–Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.25. Radian Group had a return on equity of 15.63% and a net margin of 50.66%. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $313.17 million. During the same period last year, the company earned $1.31 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Radian Group Inc. will post 3.75 EPS for the current year. RDN has been the topic of several research reports. Royal Bank of Canada upped their price objective on Radian Group from $26.00 to $29.00 and gave the stock a “sector perform” rating in a report on Friday, August 4th.StockNews.comassumed coverage on Radian Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Radian Group currently has an average rating of “Hold” and an average target price of $26.10. Read Our Latest Stock Report on Radian Group (Free Report) Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. The company operates through Mortgage and Homegenius segments. The Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting solutions. Want to see what other hedge funds are holding RDN?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Radian Group Inc. (NYSE:RDN–Free Report). |
2024-11-13 | ETF Daily News | SJW Group (NYSE:SJW) Receives $70.25 Average Price Target from Brokerages | SJW Group (NYSE:SJW–Get Free Report) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the stock,Marketbeat.comreports. Five research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $70.25. SJW has been the topic of several research analyst reports. Royal Bank of Canada lowered their price objective on SJW Group from $85.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 6th. Wells Fargo & Company upgraded SJW Group from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $67.00 to $61.00 in a research report on Wednesday, October 25th.StockNews.cominitiated coverage on SJW Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, UBS Group reduced their target price on SJW Group from $78.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, October 4th. View Our Latest Analysis on SJW Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral large investors have recently made changes to their positions in SJW. Metropolitan Life Insurance Co NY increased its stake in SJW Group by 9.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,755 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 147 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in SJW Group by 1.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,462 shares of the utilities provider’s stock worth $1,025,000 after acquiring an additional 183 shares during the last quarter. Arizona State Retirement System increased its stake in SJW Group by 2.9% during the first quarter. Arizona State Retirement System now owns 7,028 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 200 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in SJW Group by 0.8% during the third quarter. Texas Permanent School Fund Corp now owns 24,552 shares of the utilities provider’s stock worth $1,476,000 after acquiring an additional 202 shares during the last quarter. Finally, Ellevest Inc. increased its stake in SJW Group by 5.2% during the second quarter. Ellevest Inc. now owns 4,315 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 212 shares during the last quarter. 72.89% of the stock is owned by institutional investors. Shares ofSJW Group stockopened at $61.75 on Monday. The stock’s 50-day simple moving average is $61.49 and its 200-day simple moving average is $68.10. SJW Group has a 52 week low of $56.96 and a 52 week high of $83.88. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.48 and a beta of 0.59. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.26. SJW Group (NYSE:SJW–Get Free Report) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $0.96 by $0.17. SJW Group had a return on equity of 8.53% and a net margin of 14.85%. The business had revenue of $204.80 million for the quarter, compared to the consensus estimate of $186.93 million. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. As a group, analysts expect that SJW Group will post 2.7 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 6th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.46%. This is a boost from SJW Group’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, November 3rd. SJW Group’s payout ratio is 47.95%. (Get Free Report SJW Group, through its subsidiaries, provides water utility services in the United States. It operates in two segments, Water Utility Services and Real Estate Services. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. |
2024-11-13 | ETF Daily News | Arrow Financial Corp Has $1.66 Million Stock Holdings in Paychex, Inc. (NASDAQ:PAYX) | Arrow Financial Corp lessened its position in Paychex, Inc. (NASDAQ:PAYX–Free Report) by 37.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,869 shares of the business services provider’s stock after selling 9,021 shares during the quarter. Arrow Financial Corp’s holdings in Paychex were worth $1,663,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also bought and sold shares of PAYX. Pinnacle Financial Partners Inc boosted its position in shares of Paychex by 0.8% during the 2nd quarter. Pinnacle Financial Partners Inc now owns 10,277 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 82 shares in the last quarter. Mcdonald Partners LLC boosted its holdings in Paychex by 1.2% in the second quarter. Mcdonald Partners LLC now owns 7,144 shares of the business services provider’s stock worth $799,000 after acquiring an additional 85 shares in the last quarter. Haverford Trust Co increased its holdings in shares of Paychex by 1.8% during the second quarter. Haverford Trust Co now owns 5,033 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 87 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Paychex by 4.6% during the second quarter. International Assets Investment Management LLC now owns 2,002 shares of the business services provider’s stock worth $224,000 after purchasing an additional 88 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of Paychex by 6.3% in the 1st quarter. Penserra Capital Management LLC now owns 1,535 shares of the business services provider’s stock worth $209,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 72.18% of the company’s stock. Several research firms have weighed in on PAYX. Argus upped their price objective on shares of Paychex from $125.00 to $130.00 in a report on Tuesday, October 3rd. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of Paychex in a research note on Tuesday, September 26th. TD Cowen raised their price objective on shares of Paychex from $130.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $130.00 price objective on shares of Paychex in a research note on Thursday, September 28th. Finally,StockNews.comstarted coverage on shares of Paychex in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.63. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverRead Our Latest Analysis on Paychex NASDAQ PAYXtraded down $0.87 during trading hours on Monday, reaching $114.56. 363,498 shares of the company were exchanged, compared to its average volume of 1,909,544. Paychex, Inc. has a 1 year low of $104.09 and a 1 year high of $129.70. The business’s 50 day simple moving average is $115.92 and its 200-day simple moving average is $115.64. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $41.38 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.13 and a beta of 0.97. Paychex (NASDAQ:PAYX–Get Free Report) last posted its quarterly earnings data on Wednesday, September 27th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a net margin of 31.40% and a return on equity of 46.51%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Paychex, Inc. will post 4.7 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $3.56 dividend on an annualized basis and a yield of 3.11%. Paychex’s dividend payout ratio (DPR) is presently 80.73%. In other news, VPMichael E. Giojasold 41,329 shares of Paychex stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $115.79, for a total value of $4,785,484.91. Following the completion of the transaction, the vice president now owns 19,800 shares in the company, valued at $2,292,642. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available throughthe SEC website. Corporate insiders own 11.50% of the company’s stock. (Free Report) Paychex, Inc provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Want to see what other hedge funds are holding PAYX?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Paychex, Inc. (NASDAQ:PAYX–Free Report). |
2024-11-13 | ETF Daily News | 1ST Source Bank Trims Stock Position in The Cigna Group (NYSE:CI) | 1ST Source Bank lowered its holdings in shares of The Cigna Group (NYSE:CI–Free Report) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,675 shares of the health services provider’s stock after selling 43 shares during the quarter. 1ST Source Bank’s holdings in The Cigna Group were worth $470,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of The Cigna Group by 1.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,601 shares of the health services provider’s stock valued at $14,479,000 after purchasing an additional 968 shares during the last quarter. California Public Employees Retirement System increased its position in shares of The Cigna Group by 8.5% during the 2nd quarter. California Public Employees Retirement System now owns 731,530 shares of the health services provider’s stock valued at $205,267,000 after purchasing an additional 57,073 shares during the last quarter. Sivik Global Healthcare LLC increased its position in shares of The Cigna Group by 33.3% during the 2nd quarter. Sivik Global Healthcare LLC now owns 20,000 shares of the health services provider’s stock valued at $5,612,000 after purchasing an additional 5,000 shares during the last quarter. Andra AP fonden increased its position in shares of The Cigna Group by 16.0% during the 2nd quarter. Andra AP fonden now owns 44,200 shares of the health services provider’s stock valued at $12,403,000 after purchasing an additional 6,100 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of The Cigna Group during the 2nd quarter valued at about $645,000. Hedge funds and other institutional investors own 85.32% of the company’s stock. CI has been the subject of several analyst reports. Bank of America increased their target price on shares of The Cigna Group from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Royal Bank of Canada increased their target price on shares of The Cigna Group from $300.00 to $327.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Cantor Fitzgerald increased their target price on shares of The Cigna Group from $310.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd.StockNews.comraised shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 3rd. Finally, Edward Jones lowered shares of The Cigna Group from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.40. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Research Report on The Cigna Group CI stockopened at $293.21 on Monday. The Cigna Group has a 1-year low of $240.50 and a 1-year high of $340.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $85.80 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.06 and a beta of 0.65. The business has a 50 day simple moving average of $294.22 and a two-hundred day simple moving average of $280.20. The Cigna Group (NYSE:CI–Get Free Report) last posted its earnings results on Thursday, November 2nd. The health services provider reported $6.77 EPS for the quarter, beating analysts’ consensus estimates of $6.68 by $0.09. The firm had revenue of $49.05 billion during the quarter, compared to the consensus estimate of $48.14 billion. The Cigna Group had a return on equity of 12.62% and a net margin of 2.79%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.04 EPS. Research analysts anticipate that The Cigna Group will post 24.82 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a dividend of $1.23 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $4.92 dividend on an annualized basis and a dividend yield of 1.68%. The Cigna Group’s dividend payout ratio is currently 27.75%. In related news, EVPCynthia Ryansold 3,768 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $282.22, for a total value of $1,063,404.96. Following the completion of the sale, the executive vice president now directly owns 5,503 shares in the company, valued at $1,553,056.66. The sale was disclosed in a filing with the SEC, which can be accessed throughthis link. In related news, EVPCynthia Ryansold 3,768 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $282.22, for a total value of $1,063,404.96. Following the completion of the sale, the executive vice president now directly owns 5,503 shares in the company, valued at $1,553,056.66. The sale was disclosed in a filing with the SEC, which can be accessed throughthis link. Also, EVPNicole S. Jonessold 7,819 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $276.86, for a total value of $2,164,768.34. Following the completion of the sale, the executive vice president now owns 30,069 shares in the company, valued at approximately $8,324,903.34. The disclosure for this sale can be foundhere. 0.60% of the stock is owned by corporate insiders. (Free Report) The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. Want to see what other hedge funds are holding CI?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Cigna Group (NYSE:CI–Free Report). |
2024-11-13 | ETF Daily News | Stantec (NYSE:STN) Hits New 52-Week High at $70.81 | Stantec Inc. (NYSE:STN–Get Free Report) (TSE:STN) hit a new 52-week high on Monday . The company traded as high as $70.81 and last traded at $70.49, with a volume of 22677 shares traded. The stock had previously closed at $68.70. STN has been the topic of several research analyst reports. Canaccord Genuity Group lowered Stantec from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.StockNews.combegan coverage on Stantec in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Stantec from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.75. View Our Latest Stock Report on STN Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe business has a fifty day moving average price of $64.51 and a 200-day moving average price of $63.94. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.60. The company has a market cap of $7.88 billion, a P/E ratio of 31.09 and a beta of 0.99. The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.56 annualized dividend and a yield of 0.79%. Stantec’s dividend payout ratio (DPR) is presently 25.34%. A number of hedge funds have recently bought and sold shares of the business. Bank of Montreal Can acquired a new position in shares of Stantec during the 2nd quarter worth approximately $185,919,000. Norges Bank acquired a new stake in Stantec during the fourth quarter worth approximately $60,382,000. Fiera Capital Corp grew its position in Stantec by 16.3% during the second quarter. Fiera Capital Corp now owns 2,409,672 shares of the business services provider’s stock worth $157,542,000 after buying an additional 338,459 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Stantec by 38.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,178,725 shares of the business services provider’s stock worth $59,223,000 after acquiring an additional 327,185 shares during the period. Finally, Morgan Stanley raised its holdings in Stantec by 119.8% in the 4th quarter. Morgan Stanley now owns 588,203 shares of the business services provider’s stock valued at $28,198,000 after acquiring an additional 320,602 shares in the last quarter. 58.17% of the stock is owned by institutional investors. (Get Free Report) Stantec Inc provides e professional services in the areas of infrastructure and facilities to the public and private sectors clients in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. |
2024-11-13 | ETF Daily News | Canada Pension Plan Investment Board Buys 270,000 Shares of VanEck Semiconductor ETF (NASDAQ:SMH) | Canada Pension Plan Investment Board increased its stake in VanEck Semiconductor ETF (NASDAQ:SMH–Free Report) by 100.0% in the second quarter,Holdings Channel.comreports. The institutional investor owned 540,000 shares of the company’s stock after acquiring an additional 270,000 shares during the period. Canada Pension Plan Investment Board’s holdings in VanEck Semiconductor ETF were worth $82,215,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of VanEck Semiconductor ETF by 919,038.0% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,110,518 shares of the company’s stock worth $1,539,326,000 after acquiring an additional 10,109,418 shares in the last quarter. Fisher Asset Management LLC raised its holdings in VanEck Semiconductor ETF by 104.8% in the second quarter. Fisher Asset Management LLC now owns 3,712,976 shares of the company’s stock worth $565,301,000 after purchasing an additional 1,899,794 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VanEck Semiconductor ETF during the second quarter valued at $65,315,000. Jane Street Group LLC boosted its holdings in shares of VanEck Semiconductor ETF by 28.2% during the 1st quarter. Jane Street Group LLC now owns 1,080,467 shares of the company’s stock valued at $284,368,000 after buying an additional 237,394 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of VanEck Semiconductor ETF by 25.8% in the 4th quarter. Morgan Stanley now owns 810,841 shares of the company’s stock worth $164,552,000 after buying an additional 166,418 shares during the period. Shares ofNASDAQ:SMHopened at $156.22 on Monday. The business has a fifty day moving average price of $146.75 and a 200-day moving average price of $146.71. The company has a market capitalization of $10.58 billion, a PE ratio of 17.19 and a beta of 1.35. VanEck Semiconductor ETF has a 1-year low of $98.27 and a 1-year high of $161.17. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold Forever(Free Report) The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck. Want to see what other hedge funds are holding SMH?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for VanEck Semiconductor ETF (NASDAQ:SMH–Free Report). |
2024-11-13 | ETF Daily News | Canada Pension Plan Investment Board Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) | Canada Pension Plan Investment Board increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC–Free Report) by 11.0% during the second quarter,HoldingsChannelreports. The institutional investor owned 397,688 shares of the financial services provider’s stock after acquiring an additional 39,272 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Marsh & McLennan Companies were worth $74,797,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its stake in Marsh & McLennan Companies by 64.6% in the second quarter. Banque Cantonale Vaudoise now owns 7,094 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 2,784 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Marsh & McLennan Companies by 2.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,281 shares of the financial services provider’s stock worth $16,228,000 after acquiring an additional 2,366 shares during the last quarter. California Public Employees Retirement System grew its position in Marsh & McLennan Companies by 2.4% in the second quarter. California Public Employees Retirement System now owns 3,193,791 shares of the financial services provider’s stock worth $600,688,000 after acquiring an additional 76,346 shares in the last quarter. Andra AP fonden raised its position in Marsh & McLennan Companies by 4.2% during the second quarter. Andra AP fonden now owns 42,300 shares of the financial services provider’s stock valued at $7,956,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Marsh & McLennan Companies by 40.5% in the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors. MMC has been the subject of a number of recent research reports. Raymond James boosted their target price on Marsh & McLennan Companies from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th.StockNews.comstarted coverage on shares of Marsh & McLennan Companies in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Morgan Stanley lifted their target price on shares of Marsh & McLennan Companies from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Citigroup raised their price objective on Marsh & McLennan Companies from $201.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada increased their target price on Marsh & McLennan Companies from $195.00 to $200.00 and gave the company a “sector perform” rating in a report on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $201.38. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCheck Out Our Latest Stock Analysis on MMC In other Marsh & McLennan Companies news, DirectorOscar Fanjulsold 3,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the transaction, the director now owns 63,012 shares in the company, valued at $12,281,038.80. The transaction was disclosed in a filing with the SEC, which is available throughthe SEC website. In other news, CMO John Jude Jones sold 4,908 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $193.08, for a total value of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The transaction was disclosed in a legal filing with the SEC, which is available atthis hyperlink. Also, DirectorOscar Fanjulsold 3,000 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the transaction, the director now directly owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The disclosure for this sale can be foundhere. 0.30% of the stock is currently owned by company insiders. MMCopened at $200.45 on Monday. The stock’s 50 day moving average price is $192.98 and its 200-day moving average price is $187.41. Marsh & McLennan Companies, Inc. has a 52-week low of $151.86 and a 52-week high of $200.68. The stock has a market capitalization of $98.84 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.08 and a current ratio of 1.08. Marsh & McLennan Companies (NYSE:MMC–Get Free Report) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.39 by $0.18. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.22 billion. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 EPS. On average, equities research analysts predict that Marsh & McLennan Companies, Inc. will post 7.93 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.71 per share. The ex-dividend date is Thursday, October 5th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 40.92%. (Free Report) Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. Want to see what other hedge funds are holding MMC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC–Free Report). |
2024-11-13 | ETF Daily News | Canada Pension Plan Investment Board Boosts Holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC) | Canada Pension Plan Investment Board increased its holdings in Marsh & McLennan Companies, Inc. (NYSE:MMC–Free Report) by 11.0% during the second quarter,HoldingsChannelreports. The institutional investor owned 397,688 shares of the financial services provider’s stock after acquiring an additional 39,272 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Marsh & McLennan Companies were worth $74,797,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its stake in Marsh & McLennan Companies by 64.6% in the second quarter. Banque Cantonale Vaudoise now owns 7,094 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 2,784 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Marsh & McLennan Companies by 2.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,281 shares of the financial services provider’s stock worth $16,228,000 after acquiring an additional 2,366 shares in the last quarter. California Public Employees Retirement System raised its position in Marsh & McLennan Companies by 2.4% during the second quarter. California Public Employees Retirement System now owns 3,193,791 shares of the financial services provider’s stock valued at $600,688,000 after purchasing an additional 76,346 shares in the last quarter. Andra AP fonden lifted its stake in Marsh & McLennan Companies by 4.2% during the second quarter. Andra AP fonden now owns 42,300 shares of the financial services provider’s stock worth $7,956,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Marsh & McLennan Companies by 40.5% during the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 53 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors. MMC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Marsh & McLennan Companies in a research report on Wednesday, October 4th. They issued a “buy” rating and a $226.00 target price for the company. Jefferies Financial Group increased their target price on shares of Marsh & McLennan Companies from $196.00 to $209.00 and gave the company a “hold” rating in a report on Friday, October 6th. Raymond James upped their price target on shares of Marsh & McLennan Companies from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Morgan Stanley lifted their price objective on Marsh & McLennan Companies from $205.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 11th. Finally, Citigroup lifted their price target on Marsh & McLennan Companies from $201.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $201.38. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCheck Out Our Latest Research Report on MMC Shares ofMarsh & McLennan Companies stockopened at $200.45 on Monday. The company has a market cap of $98.84 billion, a PE ratio of 28.88, a P/E/G ratio of 2.29 and a beta of 0.97. The business has a 50 day moving average of $192.98 and a 200 day moving average of $187.41. Marsh & McLennan Companies, Inc. has a 52 week low of $151.86 and a 52 week high of $200.68. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02. Marsh & McLennan Companies (NYSE:MMC–Get Free Report) last announced its earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. Marsh & McLennan Companies had a net margin of 15.61% and a return on equity of 34.01%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts forecast that Marsh & McLennan Companies, Inc. will post 7.93 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Friday, October 6th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, October 5th. Marsh & McLennan Companies’s dividend payout ratio is currently 40.92%. In other news, DirectorOscar Fanjulsold 3,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total transaction of $584,700.00. Following the sale, the director now owns 63,012 shares in the company, valued at approximately $12,281,038.80. The sale was disclosed in a document filed with the SEC, which is accessible throughthis link. In other news, CMO John Jude Jones sold 4,908 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $193.08, for a total value of $947,636.64. Following the sale, the chief marketing officer now directly owns 7,978 shares of the company’s stock, valued at $1,540,392.24. The transaction was disclosed in a legal filing with the SEC, which is available atthis hyperlink. Also, DirectorOscar Fanjulsold 3,000 shares of Marsh & McLennan Companies stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $194.90, for a total value of $584,700.00. Following the completion of the transaction, the director now directly owns 63,012 shares of the company’s stock, valued at approximately $12,281,038.80. The disclosure for this sale can be foundhere. 0.30% of the stock is currently owned by corporate insiders. (Free Report) Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services. Want to see what other hedge funds are holding MMC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Marsh & McLennan Companies, Inc. (NYSE:MMC–Free Report). |
2024-11-13 | ETF Daily News | Canada Pension Plan Investment Board Raises Stock Holdings in CVS Health Co. (NYSE:CVS) | Canada Pension Plan Investment Board lifted its holdings in CVS Health Co. (NYSE:CVS–Free Report) by 1.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,397,924 shares of the pharmacy operator’s stock after purchasing an additional 26,544 shares during the quarter. Canada Pension Plan Investment Board owned 0.11% of CVS Health worth $96,638,000 at the end of the most recent quarter. Several other large investors also recently bought and sold shares of CVS. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in shares of CVS Health by 92.9% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 377,875 shares of the pharmacy operator’s stock worth $38,245,000 after purchasing an additional 181,966 shares during the period. United Bank boosted its stake in CVS Health by 7.2% during the first quarter. United Bank now owns 18,658 shares of the pharmacy operator’s stock worth $1,888,000 after buying an additional 1,260 shares during the period. Loomis Sayles & Co. L P increased its position in CVS Health by 4,063.8% during the first quarter. Loomis Sayles & Co. L P now owns 12,075 shares of the pharmacy operator’s stock valued at $1,222,000 after acquiring an additional 11,785 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of CVS Health by 116.9% in the first quarter. Zions Bancorporation N.A. now owns 2,572 shares of the pharmacy operator’s stock valued at $260,000 after acquiring an additional 1,386 shares during the period. Finally, Ergoteles LLC bought a new stake in shares of CVS Health in the 1st quarter worth about $1,551,000. Institutional investors own 75.99% of the company’s stock. In other CVS Health news, DirectorEdward J. Ludwigpurchased 2,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $70.47 per share, with a total value of $140,940.00. Following the completion of the purchase, the director now owns 20,630 shares in the company, valued at approximately $1,453,796.10. The acquisition was disclosed in a document filed with the SEC, which is accessible throughthe SEC website. Insiders own 0.25% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverA number of analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $87.00 price objective on shares of CVS Health in a research report on Thursday, September 14th. Piper Sandler dropped their price objective on CVS Health from $85.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, September 1st. Evercore ISI upgraded CVS Health from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $81.00 to $83.00 in a research note on Tuesday, September 19th. Edward Jones cut shares of CVS Health from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded shares of CVS Health from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.59. Read Our Latest Stock Report on CVS Shares ofNYSE CVSopened at $67.50 on Monday. CVS Health Co. has a 52-week low of $64.41 and a 52-week high of $104.83. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.80. The company’s 50-day simple moving average is $69.59 and its 200-day simple moving average is $70.15. The firm has a market cap of $86.87 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 1.76 and a beta of 0.58. CVS Health (NYSE:CVS–Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The pharmacy operator reported $2.21 EPS for the quarter, topping the consensus estimate of $2.13 by $0.08. The company had revenue of $89.76 billion during the quarter, compared to analyst estimates of $88.29 billion. CVS Health had a return on equity of 15.36% and a net margin of 2.47%. CVS Health’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 EPS. Equities analysts predict that CVS Health Co. will post 8.59 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were issued a $0.605 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.42 dividend on an annualized basis and a yield of 3.59%. CVS Health’s payout ratio is currently 36.50%. (Free Report) CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Want to see what other hedge funds are holding CVS?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for CVS Health Co. (NYSE:CVS–Free Report). |
2024-11-13 | ETF Daily News | Canada Pension Plan Investment Board Sells 60,613 Shares of Tesla, Inc. (NASDAQ:TSLA) | Canada Pension Plan Investment Board cut its stake in Tesla, Inc. (NASDAQ:TSLA–Free Report) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,442 shares of the electric vehicle producer’s stock after selling 60,613 shares during the period. Canada Pension Plan Investment Board’s holdings in Tesla were worth $102,991,000 at the end of the most recent quarter. Other institutional investors also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC increased its position in shares of Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after purchasing an additional 164,789 shares in the last quarter. MAS Advisors LLC raised its position in Tesla by 25.7% during the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares in the last quarter. Ergoteles LLC lifted its holdings in shares of Tesla by 33.4% in the 1st quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Tesla by 6.8% during the 1st quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after buying an additional 4,593 shares in the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock. In other Tesla news, SVPXiaotong Zhusold 2,500 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $257.23, for a total transaction of $643,075.00. Following the transaction, the senior vice president now owns 57,972 shares of the company’s stock, valued at $14,912,137.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis link. In other news, SVPXiaotong Zhusold 2,500 shares of Tesla stock in a transaction on Friday, September 1st. The stock was sold at an average price of $257.23, for a total transaction of $643,075.00. Following the transaction, the senior vice president now owns 57,972 shares in the company, valued at approximately $14,912,137.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed throughthis hyperlink. Also, SVPAndrew D. Baglinosold 10,500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $242.53, for a total transaction of $2,546,565.00. Following the completion of the transaction, the senior vice president now owns 66,834 shares in the company, valued at $16,209,250.02. The disclosure for this sale can be foundhere. Insiders have sold 43,065 shares of company stock valued at $10,248,880 in the last ninety days. 20.90% of the stock is currently owned by corporate insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverA number of analysts recently weighed in on TSLA shares. Wells Fargo & Company lowered their price objective on shares of Tesla from $260.00 to $250.00 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. Barclays reissued an “equal weight” rating and set a $260.00 price objective on shares of Tesla in a report on Friday, September 22nd. Citigroup cut their price target on Tesla from $271.00 to $255.00 and set a “neutral” rating on the stock in a report on Thursday, October 19th. Jefferies Financial Group decreased their price objective on Tesla from $265.00 to $250.00 in a research note on Monday, October 9th. Finally, Truist Financial cut their target price on Tesla from $254.00 to $243.00 and set a “hold” rating on the stock in a research note on Monday, October 2nd. Eight equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $235.20. Get Our Latest Research Report on Tesla Shares ofTSLA stockopened at $216.33 on Monday. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.18 and a current ratio of 1.69. The stock’s fifty day moving average is $241.67 and its two-hundred day moving average is $235.68. The firm has a market capitalization of $687.70 billion, a P/E ratio of 69.02, a PEG ratio of 3.99 and a beta of 2.28. Tesla (NASDAQ:TSLA–Get Free Report) last posted its quarterly earnings results on Wednesday, October 18th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.07). The business had revenue of $23.35 billion during the quarter, compared to analysts’ expectations of $24.19 billion. Tesla had a return on equity of 21.47% and a net margin of 11.21%. During the same period in the prior year, the business posted $0.95 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 2.7 earnings per share for the current fiscal year. (Free Report) Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. |
2024-11-13 | ETF Daily News | iA Financial (TSE:IAG) PT Raised to C$101.00 | iA Financial (TSE:IAG–Free Report)had its target price increased by Royal Bank of Canada from C$100.00 to C$101.00 in a research note released on Thursday morning,BayStreet.CAreports. They currently have an outperform rating on the stock. A number of other research analysts have also weighed in on the stock. National Bank Financial cut their price target on shares of iA Financial from C$4.75 to C$4.50 in a research note on Monday, August 14th. Desjardins cut their price target on shares of iA Financial from C$95.00 to C$94.00 and set a hold rating on the stock in a research note on Thursday, October 12th. TD Securities cut their price target on shares of iA Financial from C$6.00 to C$5.50 in a research note on Monday, August 14th. Finally, CIBC lowered their price objective on shares of iA Financial from C$96.00 to C$95.00 and set a neutral rating on the stock in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$72.14. Read Our Latest Research Report on IAG Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofIAGopened at C$85.08 on Thursday. The company has a debt-to-equity ratio of 35.49, a quick ratio of 0.17 and a current ratio of 5.63. iA Financial has a twelve month low of C$70.74 and a twelve month high of C$93.90. The firm’s 50 day moving average price is C$84.08 and its two-hundred day moving average price is C$86.93. The firm has a market cap of C$8.73 billion, a P/E ratio of 7.76, a PEG ratio of 1.26 and a beta of 1.17. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.765 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 3.60%. iA Financial’s dividend payout ratio (DPR) is presently 27.92%. In other news, insider iA Financial Corporation Inc. bought 27,800 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average cost of C$84.78 per share, for a total transaction of C$2,356,959.06. In other news, insider iA Financial Corporation Inc. bought 27,800 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average cost of C$84.78 per share, for a total transaction of C$2,356,959.06. Also, Senior Officer Michael Lee Stickney sold 1,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of C$85.03, for a total transaction of C$85,025.00. 0.13% of the stock is owned by corporate insiders. (Get Free Report) iA Financial Corporation Inc, through its subsidiary, Industrial Alliance Insurance and Financial Services Inc, provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, and US Operations businesses. |
2024-11-13 | ETF Daily News | Cim Investment Management Inc. Buys Shares of 4,572 Essent Group Ltd. (NYSE:ESNT) | Cim Investment Management Inc. purchased a new stake in Essent Group Ltd. (NYSE:ESNT–Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,572 shares of the financial services provider’s stock, valued at approximately $214,000. A number of other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of Essent Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 56,139 shares of the financial services provider’s stock worth $1,958,000 after acquiring an additional 275 shares during the period. Forum Financial Management LP boosted its holdings in Essent Group by 5.3% during the 1st quarter. Forum Financial Management LP now owns 5,589 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 280 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Essent Group by 0.8% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 45,157 shares of the financial services provider’s stock worth $1,809,000 after acquiring an additional 346 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Essent Group by 1.0% in the first quarter. Canada Pension Plan Investment Board now owns 41,000 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 400 shares during the last quarter. Finally, Centiva Capital LP boosted its holdings in Essent Group by 4.7% during the second quarter. Centiva Capital LP now owns 10,441 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 465 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds. A number of equities analysts have recently weighed in on ESNT shares. JPMorgan Chase & Co. boosted their target price on Essent Group from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. Bank of America increased their target price on shares of Essent Group from $50.00 to $59.00 in a research report on Sunday, August 6th. BTIG Research upped their price objective on Essent Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 4th. The Goldman Sachs Group raised their target price on Essent Group from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price target on shares of Essent Group in a research report on Monday, September 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.29. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Analysis on Essent Group NYSE ESNTtraded up $0.18 during trading hours on Monday, hitting $48.60. The company had a trading volume of 34,131 shares, compared to its average volume of 460,705. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.75 and a beta of 1.12. Essent Group Ltd. has a 52 week low of $36.53 and a 52 week high of $53.66. The firm has a 50 day simple moving average of $48.24 and a 200 day simple moving average of $47.48. The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.00 annualized dividend and a yield of 2.06%. Essent Group’s dividend payout ratio is currently 16.05%. In related news, CFODavid B. Weinstocksold 2,000 shares of Essent Group stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $48.20, for a total transaction of $96,400.00. Following the completion of the sale, the chief financial officer now owns 25,648 shares of the company’s stock, valued at $1,236,233.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis link. In other news, SVPMary Lourdes Gibbonssold 15,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $49.80, for a total value of $747,000.00. Following the transaction, the senior vice president now owns 261,324 shares of the company’s stock, valued at approximately $13,013,935.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthis link. Also, CFO David B. Weinstock sold 2,000 shares of Essent Group stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $48.20, for a total transaction of $96,400.00. Following the sale, the chief financial officer now directly owns 25,648 shares of the company’s stock, valued at $1,236,233.60. The disclosure for this sale can be foundhere. Insiders have sold 19,000 shares of company stock worth $947,160 in the last three months. 3.10% of the stock is currently owned by corporate insiders. (Free Report) Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. |
2024-11-13 | ETF Daily News | Arjuna Capital Has $2.72 Million Stake in CVS Health Co. (NYSE:CVS) | Arjuna Capital increased its stake in CVS Health Co. (NYSE:CVS–Free Report) by 107.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,333 shares of the pharmacy operator’s stock after purchasing an additional 20,394 shares during the period. Arjuna Capital’s holdings in CVS Health were worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc. raised its position in CVS Health by 59.2% during the second quarter. Texas Capital Bank Wealth Management Services Inc. now owns 32,294 shares of the pharmacy operator’s stock worth $2,232,000 after acquiring an additional 12,015 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of CVS Health by 1.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,397,924 shares of the pharmacy operator’s stock valued at $96,638,000 after purchasing an additional 26,544 shares during the period. Montag A & Associates Inc. lifted its stake in CVS Health by 9.7% in the 2nd quarter. Montag A & Associates Inc. now owns 30,568 shares of the pharmacy operator’s stock valued at $2,113,000 after purchasing an additional 2,704 shares during the last quarter. Ellevest Inc. grew its holdings in CVS Health by 78.3% during the second quarter. Ellevest Inc. now owns 5,143 shares of the pharmacy operator’s stock worth $356,000 after purchasing an additional 2,259 shares during the period. Finally, Lido Advisors LLC increased its position in CVS Health by 2.7% during the second quarter. Lido Advisors LLC now owns 58,911 shares of the pharmacy operator’s stock worth $4,073,000 after buying an additional 1,559 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock. In other news, DirectorEdward J. Ludwigbought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $70.47 per share, for a total transaction of $140,940.00. Following the completion of the acquisition, the director now directly owns 20,630 shares in the company, valued at $1,453,796.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available atthe SEC website. Insiders own 0.25% of the company’s stock. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverCVS has been the topic of a number of recent analyst reports. TheStreet raised CVS Health from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Edward Jones cut shares of CVS Health from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Sanford C. Bernstein decreased their price target on shares of CVS Health from $93.00 to $80.00 in a research note on Tuesday, October 10th.StockNews.comdowngraded shares of CVS Health from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada decreased their target price on CVS Health from $91.00 to $86.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, CVS Health currently has a consensus rating of “Moderate Buy” and an average target price of $92.59. View Our Latest Research Report on CVS Health CVS stocktraded down $0.13 during midday trading on Monday, reaching $67.55. 1,138,148 shares of the stock were exchanged, compared to its average volume of 8,725,225. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.86 and a quick ratio of 0.64. The stock has a market capitalization of $86.93 billion, a PE ratio of 10.21, a P/E/G ratio of 1.76 and a beta of 0.58. CVS Health Co. has a 52 week low of $64.41 and a 52 week high of $104.83. The company has a fifty day moving average price of $69.59 and a 200 day moving average price of $70.15. CVS Health (NYSE:CVS–Get Free Report) last posted its earnings results on Wednesday, November 1st. The pharmacy operator reported $2.21 EPS for the quarter, topping the consensus estimate of $2.13 by $0.08. The business had revenue of $89.76 billion for the quarter, compared to the consensus estimate of $88.29 billion. CVS Health had a net margin of 2.47% and a return on equity of 15.36%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. As a group, analysts expect that CVS Health Co. will post 8.59 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were given a $0.605 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 3.58%. CVS Health’s dividend payout ratio (DPR) is presently 36.50%. (Free Report) CVS Health Corporation provides health services in the United States. It operates through Health Care Benefits, Pharmacy Services, and Retail/LTC segments. The Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Want to see what other hedge funds are holding CVS?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for CVS Health Co. (NYSE:CVS–Free Report). |
2024-11-13 | ETF Daily News | National Bankshares Increases Intact Financial (TSE:IFC) Price Target to C$235.00 | Intact Financial (TSE:IFC–Free Report)had its target price hoisted by National Bankshares from C$230.00 to C$235.00 in a research report report published on Thursday morning,BayStreet.CAreports. Several other equities analysts have also issued reports on the stock. TD Securities set a C$220.00 target price on shares of Intact Financial and gave the company a buy rating in a report on Wednesday, September 13th. CIBC set a C$225.00 target price on shares of Intact Financial and gave the company an outperform rating in a report on Thursday, September 14th. Royal Bank of Canada boosted their price objective on shares of Intact Financial from C$227.00 to C$228.00 and gave the stock an outperform rating in a report on Friday, October 20th. UBS Group decreased their price objective on shares of Intact Financial from C$210.00 to C$207.00 in a report on Thursday, August 10th. Finally, Scotiabank boosted their price objective on shares of Intact Financial from C$227.00 to C$232.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$223.18. View Our Latest Stock Analysis on Intact Financial Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverIFC stockopened at C$206.37 on Thursday. The firm has a 50 day moving average price of C$197.53 and a 200-day moving average price of C$198.08. Intact Financial has a 52-week low of C$182.01 and a 52-week high of C$208.04. The firm has a market capitalization of C$36.80 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.01 and a beta of 0.56. The company has a debt-to-equity ratio of 35.29, a quick ratio of 0.28 and a current ratio of 0.39. The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, December 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.13%. Intact Financial’s dividend payout ratio is presently 61.62%. (Get Free Report) Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance. |
2024-11-13 | ETF Daily News | Heritage Wealth Advisors Has $22.34 Million Holdings in Markel Group Inc. (NYSE:MKL) | Heritage Wealth Advisors trimmed its position in shares of Markel Group Inc. (NYSE:MKL–Free Report) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,154 shares of the insurance provider’s stock after selling 1,002 shares during the quarter. Markel Group accounts for 1.2% of Heritage Wealth Advisors’ investment portfolio, making the stock its 27th largest holding. Heritage Wealth Advisors owned 0.12% of Markel Group worth $22,344,000 at the end of the most recent quarter. A number of other large investors also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Markel Group by 50.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 21 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 7 shares in the last quarter. Savant Capital LLC grew its holdings in Markel Group by 3.1% during the first quarter. Savant Capital LLC now owns 265 shares of the insurance provider’s stock worth $339,000 after buying an additional 8 shares in the last quarter. Quantinno Capital Management LP raised its position in Markel Group by 2.8% in the 1st quarter. Quantinno Capital Management LP now owns 297 shares of the insurance provider’s stock valued at $379,000 after buying an additional 8 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Markel Group by 3.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 242 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 9 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Markel Group by 4.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 222 shares of the insurance provider’s stock worth $307,000 after acquiring an additional 9 shares during the last quarter. 76.96% of the stock is currently owned by institutional investors. Several analysts have recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Markel Group from $1,650.00 to $1,425.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Truist Financial dropped their target price on shares of Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd.StockNews.comlowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Jefferies Financial Group began coverage on Markel Group in a report on Thursday, September 7th. They set a “buy” rating and a $1,750.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,531.25. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverView Our Latest Analysis on MKL Shares ofMKL stockopened at $1,349.32 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market cap of $17.84 billion, a P/E ratio of 9.60 and a beta of 0.75. The company has a 50 day moving average of $1,464.40 and a 200-day moving average of $1,419.12. Markel Group Inc. has a 12-month low of $1,186.56 and a 12-month high of $1,560.00. In other news, CEOThomas Sinnickson Gaynerpurchased 100 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average price of $1,311.92 per share, with a total value of $131,192.00. Following the transaction, the chief executive officer now directly owns 44,985 shares of the company’s stock, valued at $59,016,721.20. The purchase was disclosed in a document filed with the SEC, which is available throughthe SEC website. In other Markel Group news, CEOThomas Sinnickson Gaynerbought 100 shares of Markel Group stock in a transaction dated Friday, November 3rd. The stock was purchased at an average price of $1,311.92 per share, for a total transaction of $131,192.00. Following the completion of the purchase, the chief executive officer now directly owns 44,985 shares of the company’s stock, valued at $59,016,721.20. The acquisition was disclosed in a legal filing with the SEC, which is available atthis hyperlink. Also, Director Lawrence A. Cunningham purchased 25 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $1,460.00 per share, for a total transaction of $36,500.00. Following the completion of the purchase, the director now directly owns 463 shares in the company, valued at approximately $675,980. The disclosure for this purchase can be foundhere. Over the last ninety days, insiders bought 201 shares of company stock valued at $268,124 and sold 1,151 shares valued at $1,698,305. 1.75% of the stock is owned by corporate insiders. (Free Report) Markel Group Inc, a diverse financial holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. |
2024-11-13 | ETF Daily News | Advantage Solutions (NASDAQ:ADV) Shares Gap Up to $1.98 | Shares of Advantage Solutions Inc. (NASDAQ:ADV–Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1.98, but opened at $2.04. Advantage Solutions shares last traded at $2.03, with a volume of 63,131 shares changing hands. A number of brokerages have weighed in on ADV. Morgan Stanley restated an “equal weight” rating and issued a $3.00 target price on shares of Advantage Solutions in a research note on Monday, August 7th. The Goldman Sachs Group boosted their price target on shares of Advantage Solutions from $2.90 to $3.30 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. Check Out Our Latest Stock Report on ADV Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverThe firm has a 50-day moving average price of $2.65 and a 200 day moving average price of $2.37. The stock has a market capitalization of $681.56 million, a P/E ratio of -0.44 and a beta of 1.48. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.76 and a current ratio of 1.76. In other Advantage Solutions news, CEO David A. Peacock purchased 15,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $2.68 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,923,112 shares in the company, valued at approximately $5,153,940.16. The transaction was disclosed in a legal filing with the SEC, which is accessible throughthis link. In other news, CEO David A. Peacock purchased 15,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $2.68 per share, with a total value of $40,200.00. Following the transaction, the chief executive officer now directly owns 1,923,112 shares of the company’s stock, valued at approximately $5,153,940.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthis hyperlink. Also, DirectorJames M. Kiltsacquired 11,618 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $2.66 per share, for a total transaction of $30,903.88. Following the transaction, the director now directly owns 562,577 shares of the company’s stock, valued at approximately $1,496,454.82. The disclosure for this purchase can be foundhere. Over the last ninety days, insiders have acquired 58,575 shares of company stock valued at $156,314. 5.50% of the stock is currently owned by corporate insiders. Several institutional investors have recently added to or reduced their stakes in ADV. Legal & General Group Plc lifted its stake in shares of Advantage Solutions by 13.5% in the 2nd quarter. Legal & General Group Plc now owns 25,547 shares of the company’s stock valued at $97,000 after purchasing an additional 3,040 shares during the period. Royal Bank of Canada boosted its holdings in shares of Advantage Solutions by 45.1% during the 2nd quarter. Royal Bank of Canada now owns 12,000 shares of the company’s stock valued at $28,000 after buying an additional 3,731 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Advantage Solutions by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 40,971 shares of the company’s stock worth $96,000 after acquiring an additional 3,911 shares in the last quarter. Renaissance Technologies LLC lifted its position in Advantage Solutions by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock valued at $205,000 after acquiring an additional 5,100 shares during the period. Finally, Strs Ohio boosted its stake in Advantage Solutions by 8.5% during the second quarter. Strs Ohio now owns 88,400 shares of the company’s stock worth $206,000 after acquiring an additional 6,900 shares in the last quarter. 24.83% of the stock is currently owned by institutional investors. (Get Free Report) Advantage Solutions Inc provides outsourced solutions to consumer goods companies and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; administration; and brand-centric merchandising services. |
2024-11-13 | ETF Daily News | Cantillon Capital Management LLC Buys 67,000 Shares of BlackRock, Inc. (NYSE:BLK) | Cantillon Capital Management LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK–Free Report) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,376 shares of the asset manager’s stock after buying an additional 67,000 shares during the quarter. BlackRock makes up approximately 2.4% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Cantillon Capital Management LLC owned 0.33% of BlackRock worth $345,139,000 at the end of the most recent quarter. A number of other large investors have also added to or reduced their stakes in the business. Arrow Financial Corp raised its holdings in BlackRock by 0.9% in the 2nd quarter. Arrow Financial Corp now owns 7,215 shares of the asset manager’s stock valued at $4,987,000 after buying an additional 67 shares during the last quarter. Holistic Financial Partners raised its holdings in BlackRock by 5.5% in the 2nd quarter. Holistic Financial Partners now owns 554 shares of the asset manager’s stock valued at $383,000 after buying an additional 29 shares during the last quarter. Provident Investment Management Inc. raised its holdings in BlackRock by 6.1% during the 2nd quarter. Provident Investment Management Inc. now owns 57,333 shares of the asset manager’s stock worth $39,625,000 after purchasing an additional 3,274 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in BlackRock by 5.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 93,422 shares of the asset manager’s stock worth $64,568,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Roundview Capital LLC raised its holdings in BlackRock by 2.1% during the 2nd quarter. Roundview Capital LLC now owns 1,178 shares of the asset manager’s stock worth $814,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 77.01% of the company’s stock. BLK stocktraded down $1.35 during midday trading on Monday, reaching $663.65. 128,302 shares of the company’s stock traded hands, compared to its average volume of 634,205. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $781.77. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.33. The company has a market cap of $99.08 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.10 and a beta of 1.28. The firm’s fifty day moving average price is $651.45 and its 200-day moving average price is $674.86. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverBlackRock (NYSE:BLK–Get Free Report) last posted its earnings results on Friday, October 13th. The asset manager reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.34 by $2.57. BlackRock had a net margin of 30.66% and a return on equity of 14.65%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business posted $9.55 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts forecast that BlackRock, Inc. will post 36.43 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Thursday, December 7th will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Wednesday, December 6th. BlackRock’s dividend payout ratio (DPR) is currently 56.10%. BLK has been the subject of several analyst reports. Jefferies Financial Group lowered their price target on shares of BlackRock from $781.00 to $754.00 in a report on Tuesday, October 10th. Morgan Stanley raised their price target on shares of BlackRock from $836.00 to $897.00 and gave the stock an “overweight” rating in a report on Monday, October 16th.StockNews.comassumed coverage on shares of BlackRock in a report on Thursday, October 5th. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of BlackRock from $736.00 to $708.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. Finally, Bank of America reduced their price objective on shares of BlackRock from $921.00 to $868.00 in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $764.75. Read Our Latest Research Report on BlackRock In related news, CEOLaurence Finksold 15,385 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $652.03, for a total value of $10,031,481.55. Following the transaction, the chief executive officer now directly owns 435,260 shares of the company’s stock, valued at approximately $283,802,577.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthis link. 1.06% of the stock is owned by insiders. (Free Report) BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. Want to see what other hedge funds are holding BLK?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK–Free Report). |
2024-11-13 | ETF Daily News | Short Interest in Brighthouse Financial, Inc. (NASDAQ:BHF) Drops By 25.1% | Brighthouse Financial, Inc. (NASDAQ:BHF–Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,280,000 shares, a decrease of 25.1% from the October 15th total of 1,710,000 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 394,800 shares, the short-interest ratio is currently 3.2 days. BHF stockopened at $46.97 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50 day moving average price of $48.06 and a 200 day moving average price of $46.93. Brighthouse Financial has a fifty-two week low of $39.24 and a fifty-two week high of $60.54. Brighthouse Financial (NASDAQ:BHF–Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $4.18 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.15. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $2.17 billion. Brighthouse Financial had a positive return on equity of 20.78% and a negative net margin of 35.83%. During the same period last year, the company earned ($0.04) earnings per share. Equities research analysts anticipate that Brighthouse Financial will post 15.28 earnings per share for the current fiscal year. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Brighthouse Financial from $48.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 17th. Jefferies Financial Group raised their price target on shares of Brighthouse Financial from $46.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, September 14th. The Goldman Sachs Group downgraded Brighthouse Financial from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $47.00 to $43.00 in a report on Thursday, September 21st. Morgan Stanley raised their target price on Brighthouse Financial from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, August 18th. Finally, Barclays upped their price target on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.00. Get Our Latest Stock Report on Brighthouse Financial A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at $36,365,000. Royal Bank of Canada increased its holdings in shares of Brighthouse Financial by 71.0% in the second quarter. Royal Bank of Canada now owns 1,598,567 shares of the company’s stock worth $75,693,000 after acquiring an additional 663,882 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Brighthouse Financial during the fourth quarter worth about $25,936,000. Goldman Sachs Group Inc. lifted its holdings in shares of Brighthouse Financial by 55.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock valued at $45,894,000 after purchasing an additional 317,322 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Brighthouse Financial by 125.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 517,345 shares of the company’s stock valued at $24,496,000 after purchasing an additional 288,006 shares during the period. Institutional investors own 79.77% of the company’s stock. (Get Free Report) Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security. |
2024-11-13 | ETF Daily News | Morgan Stanley Initiates Coverage on Mirum Pharmaceuticals (NASDAQ:MIRM) | Investment analysts at Morgan Stanley started coverage on shares ofMirum Pharmaceuticals (NASDAQ:MIRM–Get Free Report)in a research note issued to investors on Monday,Briefing.comreports. The firm set an “overweight” rating and a $60.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 109.72% from the company’s previous close. Other analysts have also issued reports about the company. Robert W. Baird boosted their price objective on Mirum Pharmaceuticals from $35.00 to $38.00 in a report on Tuesday, October 3rd. HC Wainwright decreased their price target on Mirum Pharmaceuticals from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Cantor Fitzgerald began coverage on shares of Mirum Pharmaceuticals in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $50.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $70.00 target price on shares of Mirum Pharmaceuticals in a research note on Wednesday, October 18th. Finally, Raymond James reduced their target price on shares of Mirum Pharmaceuticals from $84.00 to $77.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 18th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $54.00. Check Out Our Latest Stock Report on Mirum Pharmaceuticals Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverNASDAQ:MIRMopened at $28.61 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 5.20 and a quick ratio of 4.91. The firm has a 50-day moving average of $29.45 and a 200-day moving average of $27.52. The company has a market cap of $1.33 billion, a PE ratio of -6.65 and a beta of 1.20. Mirum Pharmaceuticals has a one year low of $17.49 and a one year high of $33.39. In other Mirum Pharmaceuticals news, Director Michael G. Grey sold 14,216 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $32.00, for a total transaction of $454,912.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed throughthe SEC website. In other news, Director Michael G. Grey sold 14,216 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $32.00, for a total transaction of $454,912.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Also, Director Patrick J. Heron bought 147,991 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were acquired at an average price of $26.25 per share, with a total value of $3,884,763.75. Following the transaction, the director now directly owns 147,991 shares of the company’s stock, valued at $3,884,763.75. The disclosure for this purchase can be foundhere. Insiders purchased 162,678 shares of company stock valued at $4,323,280 in the last three months. Company insiders own 24.06% of the company’s stock. Several hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in Mirum Pharmaceuticals during the second quarter valued at approximately $31,000. China Universal Asset Management Co. Ltd. boosted its holdings in Mirum Pharmaceuticals by 98.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 986 shares of the company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in Mirum Pharmaceuticals by 49.7% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,464 shares of the company’s stock valued at $38,000 after purchasing an additional 486 shares during the period. Royal Bank of Canada boosted its stake in Mirum Pharmaceuticals by 40.1% during the second quarter. Royal Bank of Canada now owns 1,851 shares of the company’s stock valued at $48,000 after buying an additional 530 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Mirum Pharmaceuticals by 186.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the company’s stock valued at $48,000 after purchasing an additional 1,202 shares during the last quarter. (Get Free Report) Mirum Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the development and commercialization of novel therapies for debilitating rare and orphan diseases. The company's lead product candidate is LIVMARLI, an investigational oral drug for the treatment of progressive familial intrahepatic cholestasis disease, as well as for the treatment of Alagille syndrome and biliary atresia disease. |
2024-11-13 | ETF Daily News | AGF Management Ltd. Has $62.35 Million Stock Position in Chubb Limited (NYSE:CB) | AGF Management Ltd. grew its holdings in Chubb Limited (NYSE:CB–Free Report) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 323,769 shares of the financial services provider’s stock after purchasing an additional 15,882 shares during the period. AGF Management Ltd. owned about 0.08% of Chubb worth $62,345,000 at the end of the most recent quarter. A number of other institutional investors have also made changes to their positions in the business. TD Asset Management Inc grew its holdings in shares of Chubb by 1.2% in the 2nd quarter. TD Asset Management Inc now owns 751,510 shares of the financial services provider’s stock valued at $144,711,000 after acquiring an additional 8,733 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Chubb by 42.6% during the second quarter. Canada Pension Plan Investment Board now owns 393,337 shares of the financial services provider’s stock valued at $75,741,000 after purchasing an additional 117,581 shares during the last quarter. Westbourne Investment Advisors Inc. grew its stake in Chubb by 5.3% in the second quarter. Westbourne Investment Advisors Inc. now owns 14,164 shares of the financial services provider’s stock valued at $2,727,000 after purchasing an additional 715 shares in the last quarter. Ellevest Inc. increased its position in shares of Chubb by 25.0% during the 2nd quarter. Ellevest Inc. now owns 1,894 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 379 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Chubb by 11.3% during the 2nd quarter. Lido Advisors LLC now owns 34,861 shares of the financial services provider’s stock worth $6,713,000 after purchasing an additional 3,536 shares in the last quarter. Institutional investors own 86.30% of the company’s stock. Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Chubb from $260.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. BMO Capital Markets boosted their price objective on shares of Chubb from $200.00 to $210.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. downgraded shares of Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 target price for the company. in a research note on Monday, October 2nd. Jefferies Financial Group lowered their price target on Chubb from $217.00 to $215.00 in a research report on Friday, October 6th. Finally, Wells Fargo & Company raised their price objective on Chubb from $249.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.71. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverGet Our Latest Analysis on Chubb CB stocktraded up $1.11 during trading hours on Monday, hitting $223.55. 152,209 shares of the stock were exchanged, compared to its average volume of 1,781,933. Chubb Limited has a 12 month low of $183.40 and a 12 month high of $231.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $91.21 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.16 and a beta of 0.61. The company has a 50-day simple moving average of $211.61 and a two-hundred day simple moving average of $201.92. In other Chubb news, EVPJuan Luis Ortegasold 1,508 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $218.63, for a total value of $329,694.04. Following the completion of the sale, the executive vice president now owns 49,940 shares of the company’s stock, valued at approximately $10,918,382.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible throughthe SEC website. In other Chubb news, EVPJuan Luis Ortegasold 1,508 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $218.63, for a total transaction of $329,694.04. Following the transaction, the executive vice president now owns 49,940 shares in the company, valued at approximately $10,918,382.20. The transaction was disclosed in a filing with the SEC, which is available throughthis hyperlink. Also, insiderJohn J. Lupicasold 17,810 shares of Chubb stock in a transaction on Monday, November 6th. The shares were sold at an average price of $218.76, for a total value of $3,896,115.60. Following the completion of the transaction, the insider now directly owns 136,239 shares of the company’s stock, valued at $29,803,643.64. The disclosure for this sale can be foundhere. Over the last three months, insiders have sold 58,665 shares of company stock valued at $12,597,136. 0.37% of the stock is owned by company insiders. (Free Report) Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Want to see what other hedge funds are holding CB?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB–Free Report). |
2024-11-13 | ETF Daily News | LSB Industries (NYSE:LXU) Rating Lowered to Hold at StockNews.com | StockNews.comcut shares ofLSB Industries (NYSE:LXU–Free Report)from a buy rating to a hold rating in a report published on Thursday morning. Separately, TheStreet cut shares of LSB Industries from a b- rating to a c rating in a research report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $13.86. Read Our Latest Stock Analysis on LSB Industries Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverShares ofLXUopened at $8.21 on Thursday. The stock has a market capitalization of $610.33 million, a PE ratio of 6.46 and a beta of 1.39. LSB Industries has a 1 year low of $7.72 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 4.15 and a current ratio of 4.39. The company’s 50-day simple moving average is $9.71 and its 200-day simple moving average is $9.89. Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in LSB Industries in the fourth quarter valued at approximately $32,000. Gyon Technologies Capital Management LP purchased a new position in LSB Industries in the fourth quarter valued at approximately $48,000. Royal Bank of Canada purchased a new position in LSB Industries in the first quarter valued at approximately $93,000. Tower Research Capital LLC TRC increased its stake in LSB Industries by 488.9% in the first quarter. Tower Research Capital LLC TRC now owns 4,493 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 3,730 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its stake in LSB Industries by 136.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,575 shares of the conglomerate’s stock valued at $61,000 after purchasing an additional 2,639 shares during the last quarter. Institutional investors and hedge funds own 54.22% of the company’s stock. (Get Free Report) LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer and fertilizer blends for corn and other crops, and NPK fertilizer blends applications. |
2024-11-13 | ETF Daily News | Aviva plc (OTCMKTS:AVVIY) Short Interest Down 38.1% in October | Aviva plc (OTCMKTS:AVVIY–Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 117,500 shares, a decline of 38.1% from the October 15th total of 189,900 shares. Based on an average daily volume of 146,200 shares, the short-interest ratio is presently 0.8 days. OTCMKTS:AVVIYtraded up $0.06 during trading hours on Monday, hitting $10.14. 39,800 shares of the company’s stock traded hands, compared to its average volume of 60,510. Aviva has a twelve month low of $9.25 and a twelve month high of $11.35. The stock’s fifty day moving average price is $9.88 and its two-hundred day moving average price is $10.00. The company also recently announced a dividend, which was paid on Thursday, October 12th. Shareholders of record on Monday, August 28th were paid a $0.2626 dividend. The ex-dividend date was Friday, August 25th. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverA number of brokerages have recently issued reports on AVVIY. JPMorgan Chase & Co. began coverage on Aviva in a research report on Friday, September 22nd. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods lowered Aviva from an “outperform” rating to a “market perform” rating in a research report on Friday, July 28th. Deutsche Bank Aktiengesellschaft cut their target price on Aviva from GBX 560 ($6.91) to GBX 475 ($5.86) in a research report on Monday, August 7th. Barclays upped their price target on Aviva from GBX 470 ($5.80) to GBX 472 ($5.83) in a research report on Thursday, September 7th. Finally, Morgan Stanley upped their price target on Aviva from GBX 470 ($5.80) to GBX 480 ($5.93) in a research report on Friday, August 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $488.00. Get Our Latest Analysis on Aviva (Get Free Report) Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products. |
2024-11-13 | ETF Daily News | Coastal Investment Advisors Inc. Buys 964 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) | Coastal Investment Advisors Inc. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,178 shares of the financial services provider’s stock after purchasing an additional 964 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Intercontinental Exchange were worth $586,000 at the end of the most recent quarter. Other large investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Intercontinental Exchange by 187.6% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 256 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Intercontinental Exchange by 53.9% during the 2nd quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 104 shares during the last quarter. Spire Wealth Management increased its position in shares of Intercontinental Exchange by 374.6% during the 1st quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 236 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $59,000. Finally, Almanack Investment Partners LLC. bought a new position in Intercontinental Exchange in the 3rd quarter valued at $48,000. Institutional investors own 87.91% of the company’s stock. In other Intercontinental Exchange news, CFOWarren Gardinersold 500 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $115.43, for a total value of $57,715.00. Following the completion of the sale, the chief financial officer now directly owns 15,525 shares in the company, valued at $1,792,050.75. The transaction was disclosed in a document filed with the SEC, which is available atthis link. In other Intercontinental Exchange news, PresidentBenjamin Jacksonsold 2,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $117.14, for a total value of $234,280.00. Following the completion of the sale, the president now directly owns 125,647 shares in the company, valued at $14,718,289.58. The transaction was disclosed in a document filed with the SEC, which is available atthis link. Also, CFOWarren Gardinersold 500 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $115.43, for a total value of $57,715.00. Following the completion of the sale, the chief financial officer now owns 15,525 shares of the company’s stock, valued at $1,792,050.75. The disclosure for this sale can be foundhere. Over the last ninety days, insiders sold 100,202 shares of company stock worth $11,299,952. 1.10% of the stock is owned by insiders. Want More Great Investing Ideas?10 Stocks to Sell NOW!3 Stocks to DOUBLE This YearThe 10 Best Stocks to Own in 20237 Stocks to Buy and Hold ForeverSeveral brokerages have commented on ICE. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Raymond James cut their price objective on Intercontinental Exchange from $137.00 to $135.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 5th. Barclays cut their price objective on Intercontinental Exchange from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 10th. Rosenblatt Securities cut their price objective on Intercontinental Exchange from $168.00 to $154.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally,StockNews.comraised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.42. View Our Latest Stock Analysis on ICE Shares ofNYSE ICEopened at $109.78 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $62.83 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98. Intercontinental Exchange, Inc. has a 1-year low of $94.16 and a 1-year high of $118.79. The business has a fifty day moving average price of $110.74 and a 200 day moving average price of $111.45. The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, December 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 38.98%. (Free Report) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. Want to see what other hedge funds are holding ICE?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICE–Free Report). |
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