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2024-11-13 | GlobeNewswire | Foremost Lithium Engages Outside the Box Capital for Digital Marketing Services | VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) --Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT)(“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, today announced that it has entered into a marketing and distribution services agreement (the “Marketing Agreement”) with an arm’s length marketing firm, Outside The Box Capital Inc. (“OTBC”) of Oakville Ontario, to provide marketing services, including digital marketing services through various social media channels to broaden media distribution awareness about the Company. OTBC will also feature Foremost Lithium in different influencer-based videos and highlight videos surrounding recent Company news via platforms including Reddit, Discord, Telegram, Twitter and StockTwits. In addition, OTBC will spread Company insights and announcements to new communities with hopes of attracting new investors and other interested parties for the Company, through various social media platforms. The marketing services provided by OTBC is expected to create increased Company awareness and investor engagement amongst its current and prospective shareholders. The Marketing Agreement will have a term of six months starting on November 13, 2023, and Foremost will pay OTBC a cash fee of US$100,000 plus applicable taxes and also grant to OTBC 36,000 stock options having an exercise price of CAD$3.65 per common share and an expiry date of one year from the date of grant. The stock options shall be subject to the terms and conditions of the Company’s current stock option plan. OTBC does not currently own any shares of the Company as of the date hereof and has no direct relationship with the Company other than as set out in this press release. For further information please contact: CompanyJason Barnard, President and CEO+1 (604) 330-8067info@foremostlithium.com Investor RelationsMichael Kim or Brooks HamiltonMZ North America+1 (737) 289-0835FMST@mzgroup.us Outside the Box CapitalJason Coles, Portfolio Manager2202 Green Orchard PlaceOakville ON L6H 4V4 CanadaJason@outsidethebox.capital+1 289 259 4455 About Foremost Lithium Foremost Lithium (NASDAQ: FMST) (CSE: FAT) (FSE: F0R0) (WKN: A3DCC8) is a hard-rock lithium exploration company focused on empowering the North American clean energy economy. Foremost’s strategically located lithium properties extend over 43,000 acres in Snow Lake, Manitoba, and hosts a property in a known active lithium camp situated on over 11,400 acres in Quebec called Lac Simard South. Foremost’s four flagship Lithium Lane Projects as well as its Lac Simard South project are located at the tip of the NAFTA superhighway to capitalize on the world's growing EV appetite, strongly positioning the Company to become a premier supplier of North America's lithium feedstock. As the world transitions towards decarbonization, the Company's objective is the extraction of lithium oxide (Li₂O), and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH), to help power lithium-based batteries, critical in developing a clean-energy economy. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA. Learn more atwww.foremostlithium.com. Follow us or contact us on social media:Twitter: @foremostlithiumLinkedin:https://www.linkedin.com/company/foremost-lithium-resource-technology/Facebook:https://www.facebook.com/ForemostLithium The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof. Forward-Looking Statements This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the receipt of all necessary regulatory and third party approvals for the proposed operations of the Company's business and exploration activities, risks related to the Company's exploration properties; risks related to international operations; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in jurisdictions in which the Company operates. . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events, or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business. |
2024-11-13 | ETF Daily News | IPG Investment Advisors LLC Sells 13,262 Shares of General Electric (NYSE:GE) | IPG Investment Advisors LLC cut its stake in shares of General Electric (NYSE:GE–Free Report) by 58.8% during the 2nd quarter,HoldingsChannelreports. The institutional investor owned 9,277 shares of the conglomerate’s stock after selling 13,262 shares during the period. IPG Investment Advisors LLC’s holdings in General Electric were worth $1,019,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ruffer LLP grew its holdings in shares of General Electric by 138.7% during the first 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 grew its holdings in shares of General Electric by 62.4% during the second 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 grew its holdings in shares of General Electric by 85.7% during the second 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 grew its holdings in shares of General Electric by 11.3% during the second 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 grew its holdings in shares of General Electric by 33.9% during the first 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 institutional investors. GE stocktraded down $0.26 during midday trading on Monday, hitting $115.01. The company had a trading volume of 320,237 shares, compared to its average volume of 5,917,498. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65. General Electric has a 52 week low of $59.57 and a 52 week high of $117.96. The stock’s 50 day moving average price is $111.21 and its 200 day moving average price is $108.96. The stock has a market cap of $125.18 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 3.25 and a beta of 1.26. 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 ForeverGeneral Electric (NYSE:GE–Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.26. General Electric had a return on equity of 11.10% and a net margin of 14.38%. The firm had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 2.65 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors 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 dividend on an annualized basis and a dividend yield of 0.28%. General Electric’s dividend payout ratio is presently 3.61%. Several research analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on General Electric from $130.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Barclays upped their target price on General Electric from $131.00 to $133.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Argus upped their target price on General Electric from $112.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Oppenheimer lowered General Electric from an “outperform” rating to a “market perform” rating in a research note on Monday, July 31st. Finally, The Goldman Sachs Group upped their target price on General Electric from $121.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.93. Read Our Latest Research Report on General Electric (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). |
2024-11-13 | ETF Daily News | Koch Industries Inc. Makes New Investment in MetLife, Inc. (NYSE:MET) | Koch Industries Inc. acquired a new position in MetLife, Inc. (NYSE:MET–Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,788 shares of the financial services provider’s stock, valued at approximately $214,000. MetLife accounts for approximately 0.0% of Koch Industries Inc.’s investment portfolio, making the stock its 10th biggest position. A number of other hedge funds have also recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its holdings in shares of MetLife by 11.4% during the first quarter. Synovus Financial Corp now owns 17,847 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 1,829 shares during the period. Brighton Jones LLC acquired a new position in shares of MetLife during the first quarter valued at $225,000. Baird Financial Group Inc. boosted its holdings in shares of MetLife by 179.7% during 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 acquiring an additional 346,999 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of MetLife by 937.3% during the first quarter. Zions Bancorporation N.A. now owns 5,861 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 5,296 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of MetLife by 114.5% during the first quarter. Brown Brothers Harriman & Co. now owns 3,419 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 1,825 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock. A number of equities research analysts recently weighed in on MET shares. Royal Bank of Canada lifted their price objective on shares of MetLife from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Jefferies Financial Group upgraded shares of MetLife from a “hold” rating to a “buy” rating and lifted their price objective for the company from $58.00 to $72.00 in a research note on Wednesday, September 13th.StockNews.comstarted coverage on shares of MetLife in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Wells Fargo & Company lifted their price objective on shares of MetLife from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Finally, Morgan Stanley lifted their price objective on shares of MetLife from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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 ForeverView Our Latest Research Report on MetLife MetLife stocktraded up $0.10 during midday trading on Monday, hitting $60.59. The company’s stock had a trading volume of 937,735 shares, compared to its average volume of 4,677,130. The stock’s 50-day moving average price is $62.15 and its 200-day moving average price is $59.14. 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 $44.85 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. MetLife, Inc. has a 12 month low of $48.95 and a 12 month high of $77.36. MetLife (NYSE:MET–Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.02). MetLife had a return on equity of 19.14% and a net margin of 3.60%. The company had revenue of $15.87 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. MetLife’s quarterly revenue was down 28.8% on a year-over-year basis. Analysts anticipate that MetLife, Inc. will post 7.57 earnings per share for the current fiscal 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 paid 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 3.43%. MetLife’s payout ratio is 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). |
2024-11-01 | The Times of India | Lonely Planet 2024 list is out! India scores 2nd spot among top countries to visit; Nairobi's local eateries & rhythm earn best city tag | iStock Lonely Planet has unveiled its top 50 travel destinations for 2024 in celebration of its 50th anniversary. Story outline Lonely Planet's top travel destination for 2024 is Mongolia India follows Mongolia as the second-best country to visit Nairobi, the capital of Kenya, leads the list of best cities to visit Spain is recognised as 2024's top sustainable travel destination It's time to put on your travelling shoes! Lonely Planet , the world's renowned travel guide publisher, has just revealed its 50 top travel destinations for 2024 - and what a heady (and diverse) list it is! On the occasion of its 50th anniversary, the travel publishing empire - founded in Australia in 1973 by Tony Wheeler and Maureen Wheeler - has expanded the list across five categories, ranging from top countries, regions and cities to sustainable travel destinations and best-value locations. Top Of The Pile iStock Terelj National Park in Ulaanbaatar, Mongolia. Mongolia has been chosen as the top country to pay a visit by Lonely Planet . Its "wide-open spaces, adventure activities, and distinctive culinary and musical culture" have helped it clinch the title. The world’s most sparsely populated country, the Mongolian government has declared 2023-2025 the "Years to Visit Mongolia". Incredible India iStock A houseboat in Kerala backwaters - India. India follows Mongolia in the best country list, thanks to "a diverse and culturally rich destination". From lakes to mountains and beaches, there is something to offer for everyone. Plan Your Vacay If you have got itchy feet and dying to travel, here's help. Mexico, Croatia and St. Lucia have made it to the top 10 countries to visit. So have lesser-visited spots like Benin and Uzbekistan. Book your tickets now! City Spots iStock Nairobi National Park, Kenya. Guess which city tops the Lonely Planet list? It's Nairobi, the Kenyan capital. The travel directory, in its press release, mentioned that the African city topped the list for its "unique rhythms, impressive array of locally inspired restaurants, and steady rotation of arts and culture venues." The Nairobi National Park, replete with wildlife that comprises more than 400 species roaming the open grass plains, remains a visual dream. Paris , which is all set to host the 2024 Summer Olympics and Paralympics, follows Nairobi. Czech capital Prague , which has seen bustling crowds across cafes and museums, is in the top 10. Sustainable Spaces The top sustainable travel destination for 2024 is Spain , thanks to the push towards renewable energy, boosting off-season travel and easing tourism away from hot spots like Barcelona to emerging destinations of Valencia. Lonely Planet also gave a hat-tip to South Africa (and its wild beauty), recommending visitors to check out the country’s "impressive crop of ecolodges" committed to protecting biodiversity. Value-For-Money This category of Lonely Planet sees the underrated American Midwest make a dive here. Cities like Chicago, Milwaukee and Detroit, where old warehouses transformed into art studios coexist with new eco-design hotels and many Michelin-starred restaurants, find a mention. iStock Chicago skyline. Algeria also gets a special mention, with Lonely Planet calling it "an under-explored corner of Northern Africa" with "well-preserved Roman sites and fine historic cities". Lonely Planet 2024 Best Countries To Visit Mongolia India Morocco Chile Benin Mexico Uzbekistan Pakistan Croatia St. Lucia Lonely Planet 2024 Best Regions To Visit Western Balkans’ Trans Dinarica Cycling Route Kangaroo Island, South Australia Donegal, Ireland País Vasco, Spain Southern Thailand Swahili Coast, Tanzania Montana, USA Saalfelden Leogang, Austria Lonely Planet 2024 Best Cities To Visit Nairobia, Kenya Paris, France Montreal, Canada Mostar, Bosnia and Herzegovina Philadelphia, Pennsylvania Manaus, Brazil Jakarta, Indonesia Prague, Czech Republic Izmir, Turkey Kansas City, Missouri Lonely Planet 2024 Best Sustainable Spots To Visit Spain Patagonia, Argentina and Chile Greenland Wales’ trails The Portuguese Way / Caminho Português de Santiago Palau Hokkaido, Japan Ecuador Baltic Trails of Estonia, Latvia, Lithuania Eco-lodges of South Africa ( Originally published on Nov 01, 2023 ) Experience Your Economic Times Newspaper, The Digital Way! Friday, 03 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition WhatsAppening? Telcos Call Out Tech Cos over Biz SMSes An industry grouping representing India’s top three telcos has accused global consumer-technology majors, such as Microsoft and Amazon, of “presumably circumventing and bypassing the legal telecom route” by using WhatsApp and other unregulated platforms to send enterprise messages to customers, causing a likely ₹3,000-crore annual revenue loss to both the Centre and the service providers. Apple asked to Join CERT-In Probe into iPhone Hacking Bid The government has asked Apple to join a probe into the alleged state-sponsored hacking attempts on iPhones belonging to prominent Indians, including some members of the opposition in Parliament, according to S Krishnan, secretary, ministry of electronics and information technology. Go First Lessors Can Take Back Planes, Engines: DGCA to HC The Directorate General of Civil Aviation (DGCA) told the Delhi High Court Thursday that Go First’s leased aircraft and engines can be preregistered and returned to lessors, severely denting the bankrupt airline’s revival prospects. Read More News on lonely planet india incredible india mongolia travel paris prague spain 2024 olympics midwest Download The Economic Times News App to get Daily Market Updates & Live Business News. ... more less Prime Exclusives Investment Ideas Stock Report Plus ePaper Wealth Edition Riding high on the AI wave, are Indian tech startups missing the bus on innovation? Low index option premiums are like Jezebel, sinking retail traders. Prop traders, punters, too, flail Selling cut-price generics, Mark Cuban is shaking up US pharma. Can Indian drug makers benefit? ‘Use no more than what you need’: How Amazon reached the top of India’s green energy market 3 insights to kick-start your day, featuring subscriptions Zurich Insurance-Kotak Mahindra General Insurance deal Stock Radar: Marico sees profit booking after hitting 52-week high in October; should you buy? 1 2 3 View all Stories |
2024-10-12 | Marketscreener.com | Kinross Gold : Tasiast Mine Tour Presentation | Tasiast Mine Tour Investor / Analyst Visit October 12th, 2023 Cautionary Statement on Forward-Looking October 2023 Information All statements, other than statements of historical fact, contained or incorporated by reference in or made in giving this presentation and responses to questions, including but not limited to any information as to the future performance of Kinross, constitute "forward looking statements" within the meaning of applicable securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this presentation. Forward-looking statements contained in this presentation include, without limitation, statements with respect to: the identification of future mineral resources; the schedule for completion of the Tasiast 24K; guidance for annual and life of mine production, production costs of sales, cash flow, free cash flow, all-in sustaining cost of sales, and capital expenditures; future production growth, including future underground production; forecast throughput rates and forecast mill grades; forecasts for use and completion of tailings facilities; timing of completion of the 34MW solar facility and the related impact on greenhouse gas reductions and all-in sustaining costs; as well as references to other possible events, the future price of gold and silver, the timing and amount of estimated future production, costs of production, operating costs; capital expenditures, costs and timing of the development of projects and new deposits, estimates and the realization of such estimates (such as mineral or gold reserves and resources or mine life), success of exploration programs, development and mining, currency fluctuations, capital requirements, project studies, government regulation, permit applications, restarting suspended or disrupted operations, environmental risks and legal proceedings, and resolution of pending litigation. The words "expect", "forecast", "future", "guidance", "outlook", "on track", "plan", "positioned", "potential", "prospective", "target" or "upside", or variations of or similar such words and phrases or statements that certain actions, events or results may, can, could, would, should, might, indicates, or will be taken, and similar expressions identify forward looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, are inherently subject to significant business, economic, legislative and competitive risks and uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: the inaccuracy of any of the foregoing assumptions; fluctuations in the currency markets; fluctuations in the spot and forward price of gold or certain other commodities (such as fuel and electricity); price inflation of goods and services; changes in the discount rates applied to calculate the present value of net future cash flows based on country-specific real weighted average cost of capital; changes in various market variables, such as interest rates, foreign exchange rates, gold or silver prices and lease rates, or global fuel prices, that could impact the mark-to-market value of outstanding derivative instruments and ongoing payments/receipts under any financial obligations; changes in national and local government legislation, taxation (including but not limited to income tax, advance income tax, stamp tax, withholding tax, capital tax, tariffs, value-added or sales tax, capital outflow tax, capital gains tax, windfall or windfall profits tax, production royalties, excise tax, customs/import or export taxes/duties, asset taxes, asset transfer tax, property use or other real estate tax, together with any related fine, penalty, surcharge, or interest imposed in connection with such taxes), controls, policies and regulations; the security of personnel and assets; political or economic developments in Canada or Mauritania; operating or technical difficulties in connection with mining, development or refining activities; employee relations; litigation or other claims against, or regulatory investigations and/or any enforcement actions, administrative orders or sanctions in respect of the Company (and/or its directors, officers, or employees) including, but not limited to, regulatory proceedings or any investigations, enforcement actions and/or sanctions under any applicable anti-corruption, international sanctions and/or anti-money laundering laws and regulations in Canada, the United States or any other applicable jurisdiction; the speculative nature of gold exploration and development including, but not limited to, the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross, including but not limited to resulting in an impairment charge on goodwill and/or assets. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. The estimates, models and assumptions of Kinross referenced, contained or incorporated by reference in this presentation, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in our Management's Discussion and Analysis ("MD&A") for the period ended June 30, 2023, the Annual Information Form dated March 31, 2023 and the "Cautionary Statement on Forward-Looking Information" in our news release dated August 2, 2023, to which readers are referred and which are incorporated by reference in this presentation, all of which qualify any and all forward‐looking statements made in this presentation. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Other information Where we say "we", "us", "our", the "Company", or "Kinross" in this presentation, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable. All dollar amounts are expressed in U.S. dollars, unless otherwise noted. The technical information about the Company's mineral properties contained in this presentation has been prepared under the supervision of Mr. Nicos Pfieffer who is a "qualified person" within the meaning of National Instrument 43 101 Tasiast Analyst Tour - October 2023 Welcome to the Tasiast Mine - October 12th, 2023 TASIAST MINE SITE TOUR AGENDA Arrival at Tasiast General Management Presentation Process Plant Tour Mine Lookout Tour Solar Project Tour Lunch & Closeout Departure to NKC TODAY'S PRESENTERS Claude Schimper EVP and Chief Operating Officer Afjal Hashim VP & General Manager, Tasiast Mike Papadakis VP & Deputy General Manager, Tasiast Nicos Pfeiffer VP, Geology (Q.P.) Saidou Dia Training Supervisor KINROSS TEAM MEMBERS Andrea Freeborough EVP and Chief Financial Officer Chris Lichtenheldt VP, Investor Relations Mohamed SidAhmed Operations Director Philip De Weerdt Major Projects Director George Nutor Process Manager Jaylem Manhas Mobile Maintenance Manager Mohamed Fall Deputy Technical Services Manager 3 Agenda 4 Health & Safety Induction 5 Attachments Disclaimer Kinross Gold Corporationpublished this content on12 October 2023and is solely responsible for the information contained therein. Distributed byPublic, unedited and unaltered, on12 October 2023 09:20:25 UTC. |
2024-11-14 | ETF Daily News | Montag A & Associates Inc. Takes $34,000 Position in Webster Financial Co. (NYSE:WBS) | Montag A & Associates Inc. purchased a new stake in Webster Financial Co. (NYSE:WBS–Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 900 shares of the financial services provider’s stock, valued at approximately $34,000. Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Webster Financial by 1.6% in the 1st quarter. Arizona State Retirement System now owns 50,589 shares of the financial services provider’s stock valued at $1,994,000 after purchasing an additional 818 shares in the last quarter. Ethic Inc. boosted its position in Webster Financial by 137.4% during the 1st quarter. Ethic Inc. now owns 12,983 shares of the financial services provider’s stock worth $512,000 after buying an additional 7,515 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Webster Financial by 9.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,661 shares of the financial services provider’s stock worth $746,000 after buying an additional 1,644 shares during the period. Wasatch Advisors LP boosted its position in Webster Financial by 0.5% during the 1st quarter. Wasatch Advisors LP now owns 1,995,700 shares of the financial services provider’s stock worth $78,670,000 after buying an additional 9,881 shares during the period. Finally, AE Wealth Management LLC boosted its position in Webster Financial by 38.3% during the 2nd quarter. AE Wealth Management LLC now owns 7,861 shares of the financial services provider’s stock worth $297,000 after buying an additional 2,177 shares during the period. 86.37% of the stock is currently owned by institutional investors and hedge funds. WBS has been the topic of several recent research reports.StockNews.comupgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Raymond James cut their target price on shares of Webster Financial from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, October 23rd. Jefferies Financial Group lowered their price target on shares of Webster Financial from $53.00 to $47.00 in a report on Tuesday, October 10th. Morgan Stanley raised their price target on shares of Webster Financial from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, September 27th. Finally, Royal Bank of Canada lowered their price target on shares of Webster Financial from $53.00 to $48.00 in a report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Webster Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00. 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 WBS NYSE:WBSopened at $39.89 on Tuesday. The company has a fifty day moving average of $39.79 and a 200-day moving average of $39.84. The firm has a market capitalization of $6.86 billion, a P/E ratio of 7.64 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.36. Webster Financial Co. has a twelve month low of $31.03 and a twelve month high of $56.00. Webster Financial (NYSE:WBS–Get Free Report) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. The company had revenue of $677.50 million during the quarter, compared to analyst estimates of $686.11 million. Webster Financial had a net margin of 24.45% and a return on equity of 13.65%. Webster Financial’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, sell-side analysts anticipate that Webster Financial Co. will post 5.92 EPS for the current year. The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were paid a $0.40 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $1.60 annualized dividend and a dividend yield of 4.01%. Webster Financial’s dividend payout ratio is currently 30.65%. (Free Report) Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services. |
2024-11-14 | ETF Daily News | TD Asset Management Inc Increases Stock Holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) | TD Asset Management Inc boosted its position in Verisk Analytics, Inc. (NASDAQ:VRSK–Free Report) by 136.0% during the 2nd quarter,HoldingsChannelreports. The firm owned 754,063 shares of the business services provider’s stock after purchasing an additional 434,517 shares during the period. TD Asset Management Inc’s holdings in Verisk Analytics were worth $170,441,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also bought and sold shares of VRSK. Allspring Global Investments Holdings LLC lifted its position in shares of Verisk Analytics by 767.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 75,420 shares of the business services provider’s stock valued at $17,047,000 after buying an additional 66,724 shares in the last quarter. Merit Financial Group LLC raised its stake in Verisk Analytics by 11.7% during the 2nd quarter. Merit Financial Group LLC now owns 1,993 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 209 shares during the period. Raymond James Trust N.A. raised its stake in Verisk Analytics by 31.5% during the 1st quarter. Raymond James Trust N.A. now owns 4,504 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 1,078 shares during the period. Headlands Technologies LLC raised its stake in Verisk Analytics by 63.5% during the 1st quarter. Headlands Technologies LLC now owns 3,634 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 1,411 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in Verisk Analytics by 12.8% during the 1st quarter. Wealthfront Advisers LLC now owns 13,859 shares of the business services provider’s stock valued at $2,659,000 after purchasing an additional 1,571 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors. In other Verisk Analytics news, DirectorTherese M. Vaughansold 6,500 shares of Verisk Analytics stock in a transaction dated 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 transaction, the director now owns 20,679 shares in the company, valued at $4,806,833.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthe SEC website. In other news, Director Therese M. Vaughan sold 6,500 shares of Verisk Analytics 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 transaction, the director now owns 20,679 shares of the company’s stock, valued at approximately $4,806,833.55. The sale was disclosed in a legal filing with the SEC, which can be accessed throughthis link. Also, insiderNicholas Daffansold 1,516 shares of the business’s 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 transaction, the insider now owns 43,931 shares of the company’s stock, valued at approximately $10,807,904.62. The disclosure for this sale can be foundhere. In the last ninety days, insiders sold 9,532 shares of company stock worth $2,254,750. 1.31% of the stock is currently owned by company 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 ForeverShares ofVRSK stockopened at $238.51 on Tuesday. Verisk Analytics, Inc. has a twelve month low of $167.81 and a twelve month high of $249.26. The stock has a market capitalization of $34.58 billion, a price-to-earnings ratio of 70.15, a P/E/G ratio of 3.90 and a beta of 0.85. The stock has a fifty day simple moving average of $238.36 and a two-hundred day simple moving average of $229.61. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 7.22. Verisk Analytics (NASDAQ:VRSK–Get Free Report) last issued its earnings results on Wednesday, November 1st. The business services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.05. Verisk Analytics had a return on equity of 135.34% and a net margin of 19.04%. The business had revenue of $677.60 million during the quarter, compared to analysts’ expectations of $663.33 million. During the same period in the prior year, the business earned $1.46 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that Verisk Analytics, Inc. will post 5.72 EPS for the current fiscal year. 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 issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 14th. Verisk Analytics’s dividend payout ratio is 40.00%. Several analysts recently issued reports on VRSK shares. Raymond James lifted their target price on Verisk Analytics from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $250.00 target price on shares of Verisk Analytics in a research note on Thursday, August 3rd. Morgan Stanley lifted their price objective on Verisk Analytics from $201.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Jefferies Financial Group downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Wells Fargo & Company started coverage on Verisk Analytics in a research note on Monday, October 30th. They issued an “equal weight” rating and a $230.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Verisk Analytics presently has an average rating of “Hold” and an average target price of $248.23. View Our Latest Stock Analysis on VRSK (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). |
2024-11-14 | GlobeNewswire | In Vitro Fertilization Market Research Report 2023-2030 - Insurance Providers Offering Coverage for IVF Treatments Spurs Global Market Expansion | Dublin, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The"In Vitro Fertilization Market Size, Share & Trends Analysis Report By Instrument (Disposable Devices, Culture Media), By Procedure Type (Fresh Nondonor, Frozen Nondonor), By End-use, And Segment Forecasts, 2023 - 2030"report has been added toResearchAndMarkets.com'soffering.The global in vitro fertilization market size is expected to reach USD 37.4 billion by 2030. It is projected to register a CAGR of 5.72%from 2023 to 2030 The market's growth can be attributed to the continuous efforts of the market players, an increase in the incidence of infertility due to lifestyle changes, and government initiatives to improve reimbursement policies. The expansion of fertility procedures, such as ICSI for treating infertility, is expected to have a positive impact on market growth.Moreover, the availability of genomic testing facilities that enable the prevention of the transfer of genetic disorders during in vitro fertilization (IVF) is expected to drive the IVF market. The insurance providers are providing coverage for IVF procedures owing to an increase in the number of IVF treatments. For instance, in May 2023, Pacific Blue Cross introduced an enhanced Personal Health Insurance, a health & dental plan, which incorporates family planning benefits, including coverage for fertility drugs, fertility treatments, and adoption. With this enhancement, Pacific Blue Cross became the first and only provider in Canada to offer family planning benefits as part of an individual health & dental plan. This led to competitive pricing and moderated the IVF treatment costs. The procedure has been a successfully practiced technology, driving the market with more treatment automation and standardization.A decline in the Total Fertility Rate (TFR) results from factors, such as a behavioral shift in society. These factors include a shift from rural to urban societies, increased age of the first pregnancy, postponement of marriage, increased employment, and lower marriage rates. In March 2020, in-person fertility treatments in the U.S. and Canada were suspended due to COVID-19 by the American Society of Reproductive Medicine and Canadian Fertility and Andrology Society. However, treatment is resuming in many countries with the ease of COVID-19 restrictions. The research findings published by the Obstetrics & Gynecology journal in January 2022 reported that COVID-19 vaccines wouldn't harm IVF outcomes. This is expected to prove significant in promoting the uptake of IVF in eligible vaccinated individuals.In Vitro Fertilization Market Report Highlights Company Profiles: Overview, Financial Performance, Service Benchmarking, Strategic Initiatives Key Attributes: Key Topics Covered:Chapter 1. Methodology and ScopeChapter 2. Executive Summary2.1. Market Snapshot2.2. Segment Snapshot2.2.1. Procedure Type2.2.2. End-Use2.2.3. Instrument2.3. Competitive Landscape SnapshotChapter 3. Market Variables, Trends, & Scope3.1. Market Lineage Outlook3.1.1. Parent market outlook3.2. Market Segmentation3.3. Penetration & Growth Prospect Mapping3.4. Clinical Trials3.5. User Perspective Analysis3.5.1. Consumer Behavior Analysis3.5.2. Market Influencer Analysis3.6. Market Dynamics3.6.1. Market Driver Analysis3.6.2. Market Restraint Analysis3.7. Industry Analysis Tools3.7.1. Porter's Five Forces Analysis3.7.2. PESTLE Analysis3.7.3. Qualitative Analysis: Impact of COVID-19 on IVF MarketChapter 4. In Vitro Fertilization Market: Procedure Type Analysis4.1. In Vitro Fertilization by Procedure Type Market Share Analysis, 2022 & 20304.2. Segment Dashboard4.3. Global In Vitro Fertilization Procedures Market, by Type, 2018 - 20304.4. Market Size and Forecasts and Trend Analysis, 2018 - 2030 for the Procedure Type4.4.1. Fresh Nondonor4.4.2. Frozen Nondonor4.4.3. Fresh Donor4.4.4. Frozen DonorChapter 5. In Vitro Fertilization Market: End-use Analysis5.1. In Vitro Fertilization End-use Market Share Analysis, 2022 & 20305.2. Segment Dashboard5.3. Market Size and Forecasts and Trend Analysis, 2018 - 2030 for the following End-Use5.3.1. Fertility Clinics5.3.2. Hospitals & Other SettingsChapter 6. In Vitro Fertilization Market: Instrument Analysis6.1. In Vitro Fertilization (IVF) Market Share Analysis, 2022 & 20306.2. Segment Dashboard6.3. Global IVF Market, by Instrument, 2022 to 20306.4. Market Size & Forecasts and Trend Analysis, 2018 to 2030 for the Instrument6.4.1. Culture Media6.4.2. Disposable Devices6.4.3. Capital EquipmentChapter 7. Regional Outlook7.1. IVF Market by Region: Key Marketplace Takeaway7.2. List of Few Fertility ClinicsFor more information about this report visithttps://www.researchandmarkets.com/r/tpksuv About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment |
2024-11-14 | ETF Daily News | Ellevest Inc. Acquires 186 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) | Ellevest Inc. grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,437 shares of the financial services provider’s stock after buying an additional 186 shares during the quarter. Ellevest Inc.’s holdings in The PNC Financial Services Group were worth $433,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. lifted its stake in The PNC Financial Services Group by 33.5% in the 1st quarter. 1832 Asset Management L.P. now owns 267 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 67 shares in the last quarter. Nilsine Partners LLC grew its position in The PNC Financial Services Group by 1.7% in the second quarter. Nilsine Partners LLC now owns 4,701 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 78 shares in the last quarter. KCM Investment Advisors LLC increased its stake in The PNC Financial Services Group by 7.1% in the 1st quarter. KCM Investment Advisors LLC now owns 1,194 shares of the financial services provider’s stock valued at $220,000 after buying an additional 79 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of The PNC Financial Services Group by 2.3% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 3,645 shares of the financial services provider’s stock worth $576,000 after buying an additional 82 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of The PNC Financial Services Group by 1.2% in the second quarter. Private Trust Co. NA now owns 7,437 shares of the financial services provider’s stock valued at $937,000 after acquiring an additional 89 shares during the last quarter. 80.14% of the stock is owned by institutional investors and hedge funds. Several research analysts have weighed in on the company. Credit Suisse Group lowered their price target on The PNC Financial Services Group from $145.00 to $135.00 in a research report on Wednesday, July 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of The PNC Financial Services Group in a research report on Tuesday, October 24th. Odeon Capital Group downgraded shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Wells Fargo & Company dropped their price objective on The PNC Financial Services Group from $186.00 to $176.00 in a research note on Wednesday, July 19th. Finally, Bank of America upgraded The PNC Financial Services Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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 Report on The PNC Financial Services Group NYSE PNCopened at $119.66 on Tuesday. The firm has a 50-day moving average price of $119.38 and a two-hundred day moving average price of $122.69. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $170.27. The company has a market capitalization of $47.67 billion, a P/E ratio of 8.30, 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. The 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 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $3.78 EPS. Analysts anticipate that The PNC Financial Services Group, Inc. will post 13.86 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a dividend of $1.55 per share. The ex-dividend date was Monday, October 16th. This represents a $6.20 annualized dividend and a yield of 5.18%. The PNC Financial Services Group’s dividend payout ratio is 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. |
2024-11-14 | ETF Daily News | Canada Pension Plan Investment Board Buys 11,900 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) | Canada Pension Plan Investment Board grew its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,160 shares of the financial services provider’s stock after acquiring an additional 11,900 shares during the period. Canada Pension Plan Investment Board’s holdings in The PNC Financial Services Group were worth $35,916,000 at the end of the most recent quarter. A number of other institutional investors also recently made changes to their positions in PNC. Price T Rowe Associates Inc. MD increased its position in The PNC Financial Services Group by 788.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,501,090 shares of the financial services provider’s stock worth $1,080,490,000 after buying an additional 7,544,029 shares during the period. Norges Bank acquired a new position in shares of The PNC Financial Services Group in the fourth quarter valued at about $735,469,000. Moneta Group Investment Advisors LLC increased its position in The PNC Financial Services Group by 122,771.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,540,984 shares of the financial services provider’s stock worth $401,323,000 after acquiring an additional 2,538,916 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in The PNC Financial Services Group by 98,059.3% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,484,169 shares of the financial services provider’s stock worth $186,931,000 after purchasing an additional 1,482,657 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of The PNC Financial Services Group by 187.2% during the 1st quarter. First Trust Advisors LP now owns 2,000,936 shares of the financial services provider’s stock worth $254,319,000 after purchasing an additional 1,304,196 shares in the last quarter. Institutional investors own 80.14% of the company’s stock. NYSE PNCopened at $119.66 on Tuesday. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $170.27. The company has a market cap of $47.67 billion, a P/E ratio of 8.30, a PEG ratio of 1.07 and a beta of 1.14. The company has a fifty day simple moving average of $119.38 and a 200 day simple moving average of $122.69. The company has a current ratio of 0.82, a quick 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 announced its quarterly 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 business had revenue of $5.23 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $3.78 EPS. Sell-side analysts predict that The PNC Financial Services Group, Inc. will post 13.86 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were paid a $1.55 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $6.20 annualized dividend and a dividend yield of 5.18%. The PNC Financial Services Group’s payout ratio is 43.03%. A number of research firms have commented on PNC. Bank of America upgraded The PNC Financial Services Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 10th. Piper Sandler raised their target price on The PNC Financial Services Group from $130.00 to $131.00 and gave the company a “neutral” rating in a report on Friday, September 15th. Odeon Capital Group cut The PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Stephens dropped their price objective 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 report on Monday, October 16th. Finally, Wells Fargo & Company cut their price target on shares of 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 given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.99. Read Our Latest Stock Analysis 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. 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). |
2024-11-14 | ETF Daily News | Dimensional Fund Advisors LP Acquires 190,476 Shares of Welltower Inc. (NYSE:WELL) | Dimensional Fund Advisors LP increased its stake in shares of Welltower Inc. (NYSE:WELL–Free Report) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,977,939 shares of the real estate investment trust’s stock after purchasing an additional 190,476 shares during the period. Dimensional Fund Advisors LP owned approximately 1.35% of Welltower worth $564,443,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dai Ichi Life Insurance Company Ltd increased its stake in Welltower by 0.4% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 33,012 shares of the real estate investment trust’s stock valued at $3,174,000 after purchasing an additional 125 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Welltower by 2.5% during the first quarter. Cresset Asset Management LLC now owns 5,044 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 125 shares during the period. Meiji Yasuda Life Insurance Co raised its position in Welltower by 1.1% in the first quarter. Meiji Yasuda Life Insurance Co now owns 11,573 shares of the real estate investment trust’s stock worth $1,113,000 after acquiring an additional 130 shares during the period. Cornell Pochily Investment Advisors Inc. boosted its stake in Welltower by 1.1% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 11,705 shares of the real estate investment trust’s stock valued at $947,000 after acquiring an additional 130 shares during the last quarter. Finally, Lido Advisors LLC grew its position in shares of Welltower by 1.3% during the 2nd quarter. Lido Advisors LLC now owns 10,119 shares of the real estate investment trust’s stock valued at $819,000 after acquiring an additional 134 shares during the period. Institutional investors own 91.61% of the company’s stock. NYSE:WELLtraded up $2.00 during midday trading on Tuesday, reaching $87.47. 309,521 shares of the stock traded hands, compared to its average volume of 2,422,888. The stock has a market capitalization of $48.41 billion, a P/E ratio of 178.08, a PEG ratio of 4.77 and a beta of 1.07. Welltower Inc. has a 12 month low of $62.62 and a 12 month high of $89.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.37 and a current ratio of 3.37. The company has a fifty day moving average of $83.73 and a 200 day moving average of $81.34. 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 ForeverWelltower (NYSE:WELL–Get Free Report) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.65). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.63 billion. Welltower had a net margin of 3.94% and a return on equity of 1.15%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. On average, research analysts predict that Welltower Inc. will post 3.61 EPS for the current year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 14th will be issued a dividend of $0.61 per share. The ex-dividend date is Monday, November 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.79%. Welltower’s dividend payout ratio is presently 508.33%. A number of equities research analysts recently commented on the stock. Raymond James raised shares of Welltower from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $95.00 to $101.00 in a report on Thursday, November 9th. Barclays increased their price target on Welltower from $82.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada boosted their price objective on Welltower from $87.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Wedbush began coverage on shares of Welltower in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $83.00 target price for the company. Finally, Robert W. Baird upped their price target on shares of Welltower from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, September 14th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Welltower has an average rating of “Moderate Buy” and an average price target of $88.38. View Our Latest Research Report on Welltower (Free Report) Welltower Inc (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Want to see what other hedge funds are holding WELL?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Welltower Inc. (NYSE:WELL–Free Report). |
2024-11-14 | ETF Daily News | 10,100 Shares in Rocket Companies, Inc. (NYSE:RKT) Acquired by Alan B Lancz & Associates Inc. | Alan B Lancz & Associates Inc. acquired a new position in shares of Rocket Companies, Inc. (NYSE:RKT–Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,100 shares of the company’s stock, valued at approximately $90,000. Several other institutional investors have also recently modified their holdings of RKT. FMR LLC raised its holdings in Rocket Companies by 134.7% in the 2nd quarter. FMR LLC now owns 3,598 shares of the company’s stock valued at $26,000 after acquiring an additional 2,065 shares during the last quarter. Deutsche Bank AG raised its holdings in Rocket Companies by 658.7% in the 4th quarter. Deutsche Bank AG now owns 3,892 shares of the company’s stock valued at $27,000 after acquiring an additional 3,379 shares during the last quarter. S.A. Mason LLC acquired a new position in Rocket Companies in the 1st quarter valued at $32,000. Captrust Financial Advisors raised its holdings in Rocket Companies by 178.2% in the 2nd quarter. Captrust Financial Advisors now owns 4,451 shares of the company’s stock valued at $33,000 after acquiring an additional 2,851 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Rocket Companies in the 4th quarter valued at $35,000. 4.09% of the stock is currently owned by institutional investors and hedge funds. Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Rocket Companies from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Citigroup boosted their price objective on shares of Rocket Companies from $9.00 to $11.00 in a research note on Friday, August 4th. JPMorgan Chase & Co. lowered their price objective on shares of Rocket Companies from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Piper Sandler boosted their price objective on shares of Rocket Companies from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Rocket Companies from $11.50 to $9.25 in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.98. 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 RKT In related news, DirectorJonathan D. Marinersold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $10.32, for a total transaction of $129,000.00. Following the sale, the director now owns 55,250 shares in the company, valued at $570,180. The transaction was disclosed in a document filed with the SEC, which is available throughthis hyperlink. Company insiders own 94.05% of the company’s stock. Shares ofRocket Companies stocktraded up $0.64 during trading on Tuesday, reaching $8.63. The company had a trading volume of 333,293 shares, compared to its average volume of 2,289,563. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -38.05 and a beta of 2.20. The firm’s fifty day moving average is $8.34 and its 200-day moving average is $9.08. The company has a debt-to-equity ratio of 1.05, a quick ratio of 11.15 and a current ratio of 11.15. Rocket Companies, Inc. has a fifty-two week low of $6.63 and a fifty-two week high of $11.94. (Free Report) Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. |
2024-11-14 | GlobeNewswire | Rare 2020 McLaren Speedtail to Grace the 2024 Amelia Island Auction | Amelia Island, FL, Nov. 14, 2023 (GLOBE NEWSWIRE) --(November 14, 2024)- Broad Arrow Auctions, a Hagerty company, is thrilled to announce an early highlight consignment with the 2020 McLaren Speedtail, estimated at $2,000,000 - $2,400,000, slated for this year’s Radius Auction at The Amelia and being held on March 1-2. In a hypercar era characterized by innovation and boundary-pushing, McLaren’s Speedtail stands out by revisiting its roots, offering a truly unique three-seater experience reminiscent of the legendary McLaren F1. The Speedtail, known as the “Hyper-GT” by McLaren, boasts unparalleled aerodynamic efficiency, essential for its superlative acceleration and top speed figures. This remarkable machine is the fastest McLaren to date, thanks to its 1,036-horsepower, twin-turbocharged V8 with a parallel hybrid system, propelling it from 0 to 186 miles per hour in just 13 seconds, reaching a top speed of 250 miles per hour. Inside, the Speedtail showcases a driver-centric cockpit, with controls clearly placed on the overhead console and two screens positioned for driver convenience. The three-seat interior accommodates two additional passengers. This particular Speedtail boasts over $500,000 in bespoke options and features an MSO Kingfisher Blue exterior with striking visual carbon fiber accents. This example also incorporates unique wheel finishes, an Aniline Vivid Blue and Navy interior with carbon fiber details and bespoke embroidery. With just 890 miles on the odometer and a single owner, this rarity represents a unique opportunity to own one of the 106 Speedtails ever produced. Additional highlight consignments for the Radius Auction at The Amelia will be announced shortly About Broad Arrow Group, a Hagerty Company -Broad Arrow Group, a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and financier for car collectors with a commitment to integrity, trust, and innovation. Broad Arrow Group operates Broad Arrow Auctions, Broad Arrow Capital, and Collectors Garage and is headquartered in Grosse Pointe, Michigan. Learn more at broadarrowgroup.com. About Hagerty, Inc. (NYSE: HGTY) Hagerty is an automotive lifestyle brand committed to saving driving and fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom-made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 800,000 who can’t get enough of cars. As a purpose-driven organization, Hagerty Impact aims to be a catalyst for positive change across the issues that matter most to our teams, our members, the broader automotive community, our shareholders and the planet at large. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, Twitter and LinkedIn. More information can be found at newsroom.hagerty.com. Forward-Looking Statements- This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forward-looking statements include: (i) our ability to recognize the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2023. This press release should be read in conjunction with the information included in our other press releases, reports and other filings with the SEC. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for future periods. We do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law. Attachments |
2024-11-14 | ETF Daily News | 1ST Source Bank Cuts Stock Holdings in American International Group, Inc. (NYSE:AIG) | 1ST Source Bank lessened its holdings in American International Group, Inc. (NYSE:AIG–Free Report) by 11.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,980 shares of the insurance provider’s stock after selling 537 shares during the period. 1ST Source Bank’s holdings in American International Group were worth $229,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avalon Trust Co bought a new position in American International Group in the first quarter worth approximately $28,000. Glassman Wealth Services increased its holdings in shares of American International Group by 35.5% in the 2nd quarter. Glassman Wealth Services now owns 997 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 261 shares during the period. North Star Investment Management Corp. raised its position in shares of American International Group by 36.8% in the 2nd quarter. North Star Investment Management Corp. now owns 1,026 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 276 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of American International Group by 20.9% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,110 shares of the insurance provider’s stock worth $69,000 after purchasing an additional 192 shares during the last quarter. Finally, Fairfield Bush & CO. bought a new stake in American International Group during the first quarter valued at about $84,000. 88.57% of the stock is currently owned by institutional investors. AIG has been the subject of several analyst reports. Piper Sandler decreased their price target on shares of American International Group from $81.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 6th. Royal Bank of Canada increased their target price on shares of American International Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Wells Fargo & Company lifted their price target on shares of American International Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 17th.StockNews.combegan coverage on American International Group in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, BMO Capital Markets dropped their target price on American International Group from $69.00 to $68.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 10th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and an average price target of $68.71. 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 Stock Report on AIG In other American International Group news, major shareholder International Group American sold 50,000,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.50, for a total transaction of $1,025,000,000.00. Following the sale, the insider now directly owns 365,413,892 shares of the company’s stock, valued at approximately $7,490,984,786. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthe SEC website. 0.49% of the stock is currently owned by insiders. Shares ofNYSE:AIGopened at $63.73 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. American International Group, Inc. has a 52-week low of $45.66 and a 52-week high of $64.94. The stock has a market cap of $44.74 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.96 and a beta of 1.03. The business has a 50-day moving average price of $61.25 and a 200-day moving average price of $58.45. American International Group (NYSE:AIG–Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. American International Group had a net margin of 7.87% and a return on equity of 10.66%. The company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Equities analysts predict that American International Group, Inc. will post 6.63 EPS for the current year. The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $1.44 annualized dividend and a dividend yield of 2.26%. American International Group’s dividend payout ratio (DPR) is presently 27.59%. (Free Report) American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. |
2024-11-14 | ETF Daily News | Equitable Trust Co. Has $806,000 Stock Position in Brown & Brown, Inc. (NYSE:BRO) | Equitable Trust Co. grew its stake in shares of Brown & Brown, Inc. (NYSE:BRO–Free Report) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,708 shares of the financial services provider’s stock after purchasing an additional 983 shares during the quarter. Equitable Trust Co.’s holdings in Brown & Brown were worth $806,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in the stock. Clear Street Markets LLC boosted its stake in shares of Brown & Brown by 93.7% during the 1st quarter. Clear Street Markets LLC now owns 461 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 223 shares during the period. PSI Advisors LLC bought a new position in shares of Brown & Brown during the 2nd quarter worth approximately $36,000. Global Retirement Partners LLC boosted its stake in shares of Brown & Brown by 1,427.8% during the 2nd quarter. Global Retirement Partners LLC now owns 550 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 514 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Brown & Brown during the 1st quarter worth approximately $45,000. Finally, Orion Capital Management LLC bought a new position in shares of Brown & Brown during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 70.33% of the company’s stock. NYSE:BROopened at $73.51 on Tuesday. The stock has a fifty day moving average price of $70.98 and a 200-day moving average price of $68.99. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 27.95 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.85 and a current ratio of 1.85. Brown & Brown, Inc. has a fifty-two week low of $52.82 and a fifty-two week high of $74.57. 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, beating analysts’ consensus estimates of $0.62 by $0.09. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Brown & Brown had a return on equity of 15.72% and a net margin of 18.08%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. As a group, equities analysts anticipate that Brown & Brown, Inc. will post 2.75 EPS for the current fiscal year. The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Brown & Brown’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, October 31st. Brown & Brown’s dividend payout ratio is presently 19.77%. In other news, EVP Stephen M. Boyd sold 2,500 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 64,471 shares in the company, valued at approximately $4,554,231.44. The transaction was disclosed in a filing with the SEC, which is accessible throughthis hyperlink. Corporate insiders own 16.58% of the company’s stock. Several brokerages have recently commented on BRO. Raymond James lifted their target price on Brown & Brown from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $77.00 target price on shares of Brown & Brown in a research note on Friday, September 15th. Truist Financial reiterated a “buy” rating and set a $85.00 target price on shares of Brown & Brown in a research note on Friday, September 15th. Jefferies Financial Group boosted their price target on Brown & Brown from $83.00 to $85.00 in a research note on Friday, October 6th. Finally, Citigroup boosted their price target on Brown & Brown from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Brown & Brown currently has a consensus rating of “Moderate Buy” and an average price target of $76.00. Read Our Latest Stock Report on BRO (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). |
2024-11-14 | ETF Daily News | Stantec Inc. to Post FY2023 Earnings of $2.63 Per Share, National Bank Financial Forecasts (NYSE:STN) | Stantec Inc. (NYSE:STN–Free Report) (TSE:STN) – Equities research analysts at National Bank Financial lowered their FY2023 earnings estimates for Stantec in a report released on Sunday, November 12th. National Bank Financial analyst M. Sytchev now expects that the business services provider will post earnings per share of $2.63 for the year, down from their previous estimate of $2.64. The consensus estimate for Stantec’s current full-year earnings is $2.77 per share. National Bank Financial also issued estimates for Stantec’s Q4 2023 earnings at $0.57 EPS, FY2024 earnings at $3.04 EPS and FY2025 earnings at $3.43 EPS. Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group cut shares of 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 set a “buy” rating on the stock. Stifel Nicolaus boosted their price target on Stantec from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, September 12th. Finally, Atb Cap Markets upgraded Stantec from a “sector perform” rating to an “outperform” rating in a report on Sunday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.75. 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 Analysis on Stantec Stantec stockopened at $70.32 on Tuesday. The company has a market cap of $7.80 billion, a PE ratio of 31.82 and a beta of 0.99. The company has a fifty day moving average price of $64.58 and a two-hundred day moving average price of $64.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.47. Stantec has a 12 month low of $46.35 and a 12 month high of $71.29. Several large investors have recently added to or reduced their stakes in STN. Bank of Montreal Can acquired a new position in shares of Stantec in the second quarter worth approximately $185,919,000. Norges Bank bought a new stake in Stantec in the fourth quarter worth approximately $60,382,000. Fiera Capital Corp increased its holdings in Stantec by 16.3% in the second quarter. Fiera Capital Corp now owns 2,409,672 shares of the business services provider’s stock worth $157,542,000 after purchasing an additional 338,459 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Stantec by 38.4% during the first quarter. The Manufacturers Life Insurance Company now owns 1,178,725 shares of the business services provider’s stock valued at $59,223,000 after acquiring an additional 327,185 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Stantec by 119.8% during the fourth 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. Institutional investors own 58.17% of the company’s stock. The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, December 28th. Stantec’s dividend payout ratio is 26.24%. (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. |
2024-11-14 | ETF Daily News | Oder Investment Management LLC Raises Holdings in International Business Machines Co. (NYSE:IBM) | Oder Investment Management LLC increased its position in International Business Machines Co. (NYSE:IBM–Free Report) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,803 shares of the technology company’s stock after purchasing an additional 81 shares during the period. Oder Investment Management LLC’s holdings in International Business Machines were worth $643,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in IBM. Fiduciary Alliance LLC acquired a new position in shares of International Business Machines in the 2nd quarter valued at $25,000. Live Oak Investment Partners acquired a new position in International Business Machines in the fourth quarter valued at $30,000. GW&K Investment Management LLC purchased a new stake in shares of International Business Machines in the first quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of International Business Machines during the second quarter worth about $34,000. Finally, Pacific Center for Financial Services purchased a new position in shares of International Business Machines during the first quarter worth about $41,000. 56.16% of the stock is owned by institutional investors and hedge funds. Several analysts have commented on IBM shares. Royal Bank of Canada reduced their price objective on International Business Machines from $188.00 to $179.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Wedbush reiterated a “neutral” rating and issued a $140.00 price objective on shares of International Business Machines in a research report on Monday. Bank of America upped their price objective on shares of International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Morgan Stanley lowered their target price on shares of International Business Machines from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 17th. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Eight investment 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 stock presently has a consensus rating of “Hold” and a consensus 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 ForeverGet Our Latest Report on International Business Machines Shares ofInternational Business Machines stockopened at $149.44 on Tuesday. The company has a 50-day moving average of $143.98 and a two-hundred day moving average of $138.21. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $153.21. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The stock has a market cap of $136.46 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.76. International Business Machines (NYSE:IBM–Get Free Report) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.08. The business had revenue of $14.75 billion for the quarter, compared to analysts’ expectations of $14.73 billion. International Business Machines had a return on equity of 38.51% and a net margin of 11.32%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS. On average, research analysts anticipate that International Business Machines Co. will post 9.43 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be paid a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 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. |
2024-11-14 | ETF Daily News | International Business Machines Co. (NYSE:IBM) Shares Acquired by Bell Investment Advisors Inc | Bell Investment Advisors Inc increased its holdings in shares of International Business Machines Co. (NYSE:IBM–Free Report) by 75.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 364 shares of the technology company’s stock after acquiring an additional 156 shares during the period. Bell Investment Advisors Inc’s holdings in International Business Machines were worth $49,000 as of its most recent SEC filing. Other hedge funds also recently bought and sold shares of the company. Fiduciary Alliance LLC purchased a new stake in International Business Machines in the 2nd quarter worth $25,000. Live Oak Investment Partners acquired a new position in shares of International Business Machines during the 4th quarter worth about $30,000. GW&K Investment Management LLC purchased a new position in International Business Machines in the 1st quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in International Business Machines in the 2nd quarter worth about $34,000. Finally, Pacific Center for Financial Services purchased a new stake in International Business Machines during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 56.16% of the company’s stock. A number of analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target 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. Stifel Nicolaus upped their target price on shares of International Business Machines from $140.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, July 20th.StockNews.comdowngraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. BMO Capital Markets increased their price objective on shares of International Business Machines from $152.00 to $155.00 and gave the company a “market perform” rating in a report on Thursday, October 26th. Finally, Bank of America boosted their target price on International Business Machines from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Business Machines currently has an average 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 International Business Machines IBMtraded up $1.65 during trading hours on Tuesday, hitting $149.75. 383,520 shares of the company’s stock were exchanged, compared to its average volume of 4,479,739. The firm has a market cap of $136.74 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.76. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $153.21. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The firm has a 50 day moving average of $143.98 and a 200 day moving average of $138.21. 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 firm had revenue of $14.75 billion during 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%. International Business Machines’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. Analysts predict that International Business Machines Co. will post 9.43 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Friday, November 10th will be given a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Thursday, November 9th. International Business Machines’s dividend payout ratio is presently 88.06%. (Free Report) International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. |
2024-11-14 | GlobeNewswire | Pet Wearable Market to be Worth USD 4.32 billion by 2031: Transparency Market Research Inc. | Wilmington, Delaware, United States, Nov. 14, 2023 (GLOBE NEWSWIRE) --Transparency Market Research Inc. -Pet wearables were worth US$ 1.78 billion in 2020. TMR estimates that the pet wearable market will total US$ 4.32 billion by 2031. Through 2031, the market is expected to expandat a CAGR of 8.5%. According to PetMD, only 20% of 3.3 million strays that enter shelters reunite with their families in October 2021. Dogs with microchips returning home, even when traveling 600 to 1,000 miles from home, accounted for 52.2% of the time, as opposed to dogs without microchips at 21.9%. By tailoring their functionality, owners can customize pet wearables to meet their specific needs. The popularity of pet wearables can be attributed to the influence of social media and online pet communities. Several owners share and discuss their products in these communities, which leads to increased awareness and adoption. Download Sample of the Report:https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12701 Due to the rapid development of technology, there is an array of sensors on the market that can be used with GPS tracking or RFID tags. By monitoring the health conditions of their pets, pet owners can keep them in the loop. Sensors such as these detect temperature variations, capturing vital signs for animals. These sensors can also analyze data collected by these devices and alert the user if any concerns are detected.Global Pet Wearable Market: Key PlayersKey providers are focusing on developing low-cost, high-quality wearables for pets to appeal to a larger scustomer base. Below are some key developments in the global pet wearable market: Key Findings of Market Report Global Pet Wearable Market: Growth Drivers Growing numbers of pet owners have sparked a market for pet care products and assistance. Pet wearables enable owners to monitor their pets' health and wellness better. Health and wellness are gaining widespread attention, resulting in owners monitoring their animals' activity levels, sleeping patterns, and overall health. With wearables, real-time data can identify potential health problems early on. The development of higher-powered sensors and miniaturization have enabled more effective and smaller pet wearable devices through technological advancements. As a result, these devices have a greater range of functionalities. Pet owners are able to monitor and interact with their pets remotely by integrating pet wearables with smart home ecosystems. Pet wearables are offered as discounts by some pet insurance companies to policyholders monitoring their pets' health. Wearable devices are a proactive measure for preventive care that can encourage pet owners to invest in them. Have Any Query? Ask Our Experts @https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=12701 Global Pet Wearable Market: Regional Landscape North America is expected to drive demand for pet wearables in the market. Concerns about pet safety and well-being are a major factor contributing to market growth. The United States is expected to experience a rise in the adoption of pets and foster care services, which will drive the demand for pet wearables. The use of technologies such as telehealth by numerous veterinarians is on the rise in the United States. Data collected by a wearable can be used for diagnostics so patients can monitor their health remotely. Pet wearables are expected to lead the market in the Asia Pacific region. India and China are expected to drive demand in the coming years. A growing disposable income and awareness about pet care will drive the demand for pet care products. Wearable technology usage and growing interest in pet health are driving the industry's growth. Key Developments Global Pet Wearable Market: Segmentation Buy this Premium Research Report @https://www.transparencymarketresearch.com/checkout.php?rep_id=12701<ype=S Related Trending Reports: Warehouse Automation Solutions Market-The global warehouse automation solutions market is projected to reach $94.7 billion by 2031, driven by rising AI, robotics, and E-commerce demand 3D Printing Medical Devices Market-The global 3D printing medical devices market is projected to reach $6.6 billion by 2031, driven by customization and technological advancements About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Nikhil SawlaniTransparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: +1-518-618-1030USA – Canada Toll Free: 866-552-3453Website:https://www.transparencymarketresearch.comBlog:https://tmrblog.comEmail:sales@transparencymarketresearch.com |
2024-11-14 | GlobeNewswire | Trupanion's Holiday Safety Guide: Protecting Your Pets During Festive Seasons | SEATTLE, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The holiday season, a period synonymous with joy, merriment, and family gatherings, also presents unique challenges for our beloved pets. As we immerse ourselves in festive activities,Trupanion, the leading provider of pet medical insurance for cats and dogs, aims to shed light on the unique safety considerations for our furry companions during this season. Pet Health Insights from Trupanion The holiday season, with its added decorations, foods, and presents, invites a world of wonder for our curious pets. As the parties roll in, feasts are laid out, and gifts are wrapped, the allure of new sights and scents can lead them into mischief. Analysis of Trupanion’s data from over 10 million veterinary invoices received over the last 20 years, underscores the importance of being attentive to our pets during these festivities. This analysis highlights certain safety considerations, like Foreign Body Ingestion (eating things that aren’t meant to be eaten), emphasizing that holiday hazards are not just real but can also result in significant unexpected expenses. According to Trupanion data, foreign body ingestion ranks in the top 4 most commonly claimed conditions among young Trupanion pets. Comparing data from the past 10 years, the average veterinary invoice for foreign body ingestion cost is $1,052*, with the invoice for one unlucky Trupanion pet totaling an approximate $43,000*. Over this same time period, Trupanion has covered more than 85,000 such claims for dogs, with Golden Retrievers, Labrador Retrievers, and Goldendoodles most frequently finding themselves at the center of such incidents. Expert Recommendations from Dr. Sarah Nold With care and attention, we can make sure this festive season is enjoyable for every member of the family, including our cherished pets. Dr. Sarah Nold, Veterinarian and Trupanion team member, offers pet parents the following advice heading into the holiday season: Real-life Incidents *U.S. dollars and as stated on the invoice About TrupanionTrupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 960,000 pets enrolled. For over two decades, Trupanion has given pet parents peace of mind so they can focus on their pet's recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol "TRUP". The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Omega General Insurance Company. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. For more information, please visittrupanion.com. Contact: Corporate Communications Corporate.communications@trupanion.com |
2024-11-14 | ETF Daily News | Canada Goose Holdings Inc. (NYSE:GOOS) Receives Consensus Rating of “Hold” from Analysts | Canada Goose Holdings Inc. (NYSE:GOOS–Get Free Report) has received a consensus rating of “Hold” from the nine analysts that are presently covering the firm,MarketBeat.comreports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.38. GOOS has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Canada Goose from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Wells Fargo & Company lowered Canada Goose from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $25.00 to $20.00 in a research report on Thursday, October 19th. Barclays decreased their price target on Canada Goose from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. TD Cowen downgraded Canada Goose from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $22.00 to $15.00 in a report on Thursday, October 19th. Finally, Evercore ISI initiated coverage on Canada Goose in a report on Tuesday, November 7th. They set an “inline” rating and a $11.00 price objective on the stock. Read Our Latest 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 ForeverNYSE GOOSopened at $10.02 on Tuesday. The firm has a market cap of $1.03 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.68. Canada Goose has a one year low of $9.80 and a one year high of $24.73. The stock’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $15.83. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.03 and a quick ratio of 0.72. Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Canada Goose by 203.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,179,953 shares of the company’s stock worth $83,715,000 after purchasing an additional 2,130,452 shares during the period. Goldman Sachs Group Inc. boosted its stake in Canada Goose by 135.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,930,284 shares of the company’s stock worth $34,764,000 after purchasing an additional 1,111,105 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in Canada Goose by 34.1% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 4,217,772 shares of the company’s stock worth $81,192,000 after purchasing an additional 1,073,374 shares during the period. Citigroup Inc. boosted its stake in shares of Canada Goose by 445.4% during the 1st quarter. Citigroup Inc. now owns 1,222,764 shares of the company’s stock worth $23,482,000 after buying an additional 998,586 shares during the last quarter. Finally, Wasatch Advisors Inc. bought a new position in shares of Canada Goose in the 1st quarter valued at about $25,797,000. 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. |
2024-11-14 | ETF Daily News | Landstar System, Inc. (NASDAQ:LSTR) Receives Average Recommendation of “Hold” from Brokerages | Shares of Landstar System, Inc. (NASDAQ:LSTR–Get Free Report) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company,MarketBeatreports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $186.60. A number of analysts recently weighed in on the stock. Stephens dropped their price objective on shares of Landstar System from $210.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Stifel Nicolaus cut their target price on shares of Landstar System from $185.00 to $177.00 and set a “hold” rating on the stock in a research note on Monday, October 16th. Raymond James boosted their price target on shares of Landstar System from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 18th. Robert W. Baird lifted their price objective on shares of Landstar System from $175.00 to $200.00 in a research note on Friday, July 28th. Finally, Evercore ISI reduced their target price on Landstar System from $180.00 to $178.00 in a report on Wednesday, September 27th. Get Our Latest Research Report on Landstar System 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 ofLSTR stockopened at $167.68 on Tuesday. Landstar System has a one year low of $160.05 and a one year high of $208.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 20.13 and a beta of 0.88. The company’s 50-day simple moving average is $176.51 and its 200-day simple moving average is $184.28. Landstar System (NASDAQ:LSTR–Get Free Report) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.01. Landstar System had a return on equity of 31.06% and a net margin of 5.19%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was down 29.0% on a year-over-year basis. Equities analysts anticipate that Landstar System will post 7.46 earnings per share for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, November 6th. Landstar System’s dividend payout ratio (DPR) is presently 15.85%. A number of hedge funds and other institutional investors have recently made changes to their positions in the business. KB Financial Partners LLC acquired a new position in Landstar System in the first quarter worth about $720,000. Personal CFO Solutions LLC lifted its position in shares of Landstar System by 4.1% during the 1st quarter. Personal CFO Solutions LLC now owns 1,843 shares of the transportation company’s stock worth $330,000 after buying an additional 72 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Landstar System in the 2nd quarter valued at $520,000. Virtu Financial LLC grew its position in Landstar System by 22.4% in the second quarter. Virtu Financial LLC now owns 2,988 shares of the transportation company’s stock valued at $575,000 after acquiring an additional 546 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Landstar System by 10.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,983 shares of the transportation company’s stock worth $6,351,000 after acquiring an additional 3,135 shares in the last quarter. 99.52% of the stock is owned by institutional investors. (Get Free Report Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. |
2024-11-14 | ETF Daily News | Great-West Lifeco (TSE:GWO) Sets New 52-Week High at $41.88 | Great-West Lifeco Inc. (TSE:GWO–Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$41.88 and last traded at C$41.59, with a volume of 62589 shares changing hands. The stock had previously closed at C$41.01. GWO has been the subject of several research analyst reports. Barclays lifted their price objective on shares of Great-West Lifeco from C$40.00 to C$43.00 in a research note on Thursday, August 10th. 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. Desjardins cut their price objective on shares of Great-West Lifeco from C$41.00 to C$40.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. CIBC lifted their price objective on shares of Great-West Lifeco from C$41.00 to C$42.00 in a report on Thursday, August 10th. Finally, Royal Bank of Canada boosted their price target on shares of Great-West Lifeco from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Great-West Lifeco has an average rating of “Hold” and a consensus target price of C$41.22. Check Out Our Latest Research Report on GWO 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 22.18, a current ratio of 26.63 and a debt-to-equity ratio of 31.98. The firm’s 50-day moving average is C$39.23 and its 200-day moving average is C$38.98. The company has a market cap of C$38.86 billion, a PE ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.81. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.98%. The ex-dividend date is Wednesday, November 29th. Great-West Lifeco’s payout ratio is currently 86.67%. (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. |
2024-11-14 | ETF Daily News | CNO Financial Group, Inc. Declares Quarterly Dividend of $0.15 (NYSE:CNO) | CNO Financial Group, Inc.(NYSE:CNO–Get Free Report) announced a quarterly dividend on Monday, November 13th,Wall Street Journalreports. Investors of record on Friday, December 8th will be paid a dividend of 0.15 per share by the financial services provider on Friday, December 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, December 7th. CNO Financial Group has raised its dividend payment by an average of 8.6% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. CNO Financial Group has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.0%. NYSE:CNOopened at $24.26 on Tuesday. The business’s 50-day moving average price is $23.63 and its 200 day moving average price is $23.42. The firm has a market cap of $2.72 billion, a P/E ratio of 9.86 and a beta of 1.11. CNO Financial Group has a 52-week low of $19.95 and a 52-week high of $26.35. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.71. 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 ForeverCNO Financial Group (NYSE:CNO–Get Free Report) last released its earnings results on Monday, November 6th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.14. The firm had revenue of $947.50 million for the quarter, compared to analyst estimates of $923.71 million. CNO Financial Group had a return on equity of 15.74% and a net margin of 7.18%. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, sell-side analysts predict that CNO Financial Group will post 2.67 earnings per share for the current fiscal year. A number of research analysts recently issued reports on CNO shares.StockNews.comstarted coverage on CNO Financial Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Royal Bank of Canada lowered their target price on CNO Financial Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, Jefferies Financial Group boosted their price objective on CNO Financial Group from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, September 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00. Read Our Latest Report on CNO Financial Group In other CNO Financial Group news, CEOGary C. Bhojwanisold 21,739 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $23.00, for a total transaction of $499,997.00. Following the sale, the chief executive officer now owns 232,433 shares in the company, valued at approximately $5,345,959. The transaction was disclosed in a filing with the SEC, which is available throughthis link. In other news, CEO Gary C. Bhojwani sold 20,833 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $24.00, for a total value of $499,992.00. Following the transaction, the chief executive officer now owns 211,600 shares in the company, valued at approximately $5,078,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available throughthe SEC website. Also, CEO Gary C. Bhojwani sold 21,739 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $23.00, for a total value of $499,997.00. Following the completion of the transaction, the chief executive officer now owns 232,433 shares in the company, valued at approximately $5,345,959. The disclosure for this sale can be foundhere. In the last quarter, insiders have sold 68,411 shares of company stock worth $1,638,196. Company insiders own 3.00% of the company’s stock. A number of large investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky increased its holdings in shares of CNO Financial Group by 9.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 22,225 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 1,883 shares during the period. Nuveen Asset Management LLC grew its stake in shares of CNO Financial Group by 1.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 551,015 shares of the financial services provider’s stock valued at $13,043,000 after buying an additional 5,804 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of CNO Financial Group by 98.5% in the 2nd quarter. Wells Fargo & Company MN now owns 52,353 shares of the financial services provider’s stock valued at $1,239,000 after buying an additional 25,980 shares in the last quarter. Bragg Financial Advisors Inc grew its stake in shares of CNO Financial Group by 0.4% in the 2nd quarter. Bragg Financial Advisors Inc now owns 462,183 shares of the financial services provider’s stock valued at $10,940,000 after buying an additional 1,897 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of CNO Financial Group by 7.3% in the 2nd quarter. Royal Bank of Canada now owns 141,580 shares of the financial services provider’s stock valued at $3,351,000 after buying an additional 9,654 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock. (Get Free Report) CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. |
2024-11-14 | ETF Daily News | Intech Investment Management LLC Reduces Stake in Principal Financial Group, Inc. (NYSE:PFG) | Intech Investment Management LLC lessened its stake in shares of Principal Financial Group, Inc. (NYSE:PFG–Free Report) by 49.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,889 shares of the company’s stock after selling 133,361 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Principal Financial Group worth $10,458,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Principal Financial Group by 932.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,124,958 shares of the company’s stock worth $28,765,000 after purchasing an additional 3,725,293 shares during the period. First Trust Advisors LP increased its stake in Principal Financial Group by 72.7% in the 1st quarter. First Trust Advisors LP now owns 4,902,024 shares of the company’s stock worth $364,318,000 after acquiring an additional 2,063,939 shares during the last quarter. Morgan Stanley raised its holdings in shares of Principal Financial Group by 67.3% in the 4th quarter. Morgan Stanley now owns 4,514,124 shares of the company’s stock valued at $378,825,000 after acquiring an additional 1,816,343 shares in the last quarter. Norges Bank bought a new stake in shares of Principal Financial Group during the 4th quarter valued at about $78,939,000. Finally, Royal Bank of Canada grew its holdings in shares of Principal Financial Group by 307.9% during the first quarter. Royal Bank of Canada now owns 1,133,674 shares of the company’s stock worth $83,223,000 after purchasing an additional 855,747 shares in the last quarter. 70.68% of the stock is currently owned by institutional investors. PFGopened at $69.24 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $71.53 and its 200 day simple moving average is $74.12. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.21 and a beta of 1.27. Principal Financial Group, Inc. has a 1 year low of $65.17 and a 1 year high of $95.40. 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 ForeverPrincipal Financial Group (NYSE:PFG–Get Free Report) last issued its earnings results on Thursday, October 26th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.65 by $0.07. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.58 billion. Principal Financial Group had a net margin of 10.54% and a return on equity of 15.30%. As a group, analysts predict that Principal Financial Group, Inc. will post 6.4 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.87%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, November 30th. Principal Financial Group’s dividend payout ratio is 42.83%. A number of brokerages recently weighed in on PFG. Morgan Stanley raised their target price on shares of Principal Financial Group from $70.00 to $71.00 and gave the company an “underweight” rating in a research note on Friday, October 27th. Piper Sandler cut their target price on shares of Principal Financial Group from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Monday, October 30th. Citigroup lowered their price target on Principal Financial Group from $64.00 to $62.00 and set a “sell” rating on the stock in a research report on Tuesday, October 24th. Wells Fargo & Company cut their price objective on Principal Financial Group from $78.00 to $72.00 and set an “equal weight” rating for the company in a report on Tuesday, October 17th. Finally, Jefferies Financial Group reduced their price objective on Principal Financial Group from $69.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, September 14th. Six research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.31. Check Out Our Latest Report on Principal Financial Group (Free Report) Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. Want to see what other hedge funds are holding PFG?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Principal Financial Group, Inc. (NYSE:PFG–Free Report). |
2024-11-14 | ETF Daily News | Cormark Weighs in on IAMGOLD Co.’s Q4 2023 Earnings (NYSE:IAG) | IAMGOLD Co. (NYSE:IAG–Free Report) (TSE:IMG) – Equities research analysts at Cormark issued their Q4 2023 earnings per share (EPS) estimates for IAMGOLD in a research report issued to clients and investors on Monday, November 13th. Cormark analyst R. Gray forecasts that the mining company will earn ($0.01) per share for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is $0.02 per share. IAMGOLD (NYSE:IAG–Get Free Report) (TSE:IMG) last posted its quarterly earnings results on Friday, November 10th. The mining company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. IAMGOLD had a return on equity of 0.38% and a net margin of 14.24%. The business had revenue of $224.50 million for the quarter. During the same quarter in the prior year, the firm earned ($0.03) EPS. 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 other equities analysts have also commented on the company. TD Securities decreased their price target on IAMGOLD from $6.00 to $5.50 and set a “buy” rating on the stock in a research note on Monday, August 14th.StockNews.combegan coverage on shares of IAMGOLD in a research note on Thursday, October 5th. They set a “hold” rating for the company. BMO Capital Markets decreased their price objective on shares of IAMGOLD from $3.25 to $3.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank of Canada upgraded IAMGOLD from an “underperform” rating to a “sector perform” rating and raised their price target for the stock from $1.75 to $2.75 in a research report on Tuesday, September 12th. Finally, CSFB cut their price objective on IAMGOLD from $3.00 to $2.50 and set a “neutral” rating on the stock in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.23. View Our Latest Research Report on IAG IAG stockopened at $2.19 on Tuesday. IAMGOLD has a one year low of $1.71 and a one year high of $3.34. The firm has a market cap of $1.05 billion, a PE ratio of 8.40, a PEG ratio of 3.00 and a beta of 1.46. The firm’s 50 day moving average price is $2.32 and its 200-day moving average price is $2.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.60. Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its position in IAMGOLD by 11.2% in the first quarter. Profund Advisors LLC now owns 36,759 shares of the mining company’s stock valued at $100,000 after acquiring an additional 3,692 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of IAMGOLD by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 435,298 shares of the mining company’s stock valued at $942,000 after purchasing an additional 4,000 shares during the period. PCJ Investment Counsel Ltd. grew its stake in IAMGOLD by 1.2% during the 1st quarter. PCJ Investment Counsel Ltd. now owns 404,640 shares of the mining company’s stock worth $1,105,000 after buying an additional 4,640 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in IAMGOLD by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 335,041 shares of the mining company’s stock worth $887,000 after buying an additional 5,170 shares during the period. Finally, Barclays PLC lifted its stake in IAMGOLD by 1.9% in the third quarter. Barclays PLC now owns 293,363 shares of the mining company’s stock valued at $631,000 after buying an additional 5,470 shares during the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds. (Get Free Report) IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa. |
2024-11-14 | ETF Daily News | Aviva (LON:AV) Receives “Overweight” Rating from JPMorgan Chase & Co. | Aviva (LON:AV–Get Free Report)‘s stock had its “overweight” rating reiterated by investment analysts atJPMorgan Chase & Co.in a report released on Monday,Digital Lookreports. Separately, Barclays dropped their price objective on Aviva from GBX 472 ($5.80) to GBX 470 ($5.77) and set an “equal weight” rating on the stock in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 523.40 ($6.43). Get Our Latest Stock Report on Aviva 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 ofAV stockopened at GBX 413.20 ($5.07) on Monday. The company has a market capitalization of £11.32 billion, a P/E ratio of -2,066.00, a P/E/G ratio of 8.09 and a beta of 0.97. The company’s 50-day simple moving average is GBX 395.70 and its two-hundred day simple moving average is GBX 395.58. Aviva has a one year low of GBX 366 ($4.49) and a one year high of GBX 467.30 ($5.74). The company has a debt-to-equity ratio of 67.46, a current ratio of 2.51 and a quick ratio of 1.57. In related news, insider Andrea Blance bought 26,500 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of GBX 381 ($4.68) per share, with a total value of £100,965 ($123,989.93). In other news, insider Andrea Blance purchased 26,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of GBX 381 ($4.68) per share, with a total value of £100,965 ($123,989.93). Also, insider Shonaid Jemmett- Page acquired 5,925 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of GBX 386 ($4.74) per share, for a total transaction of £22,870.50 ($28,086.09). Insiders have acquired a total of 203,800 shares of company stock valued at $81,011,950 over the last ninety days. 0.16% of the stock is owned by company insiders. (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. |
2024-11-14 | ETF Daily News | Intech Investment Management LLC Trims Holdings in Brown & Brown, Inc. (NYSE:BRO) | Intech Investment Management LLC lowered its position in Brown & Brown, Inc. (NYSE:BRO–Free Report) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,697 shares of the financial services provider’s stock after selling 16,809 shares during the period. Intech Investment Management LLC’s holdings in Brown & Brown were worth $9,754,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Brown & Brown by 1.3% in the 1st quarter. BlackRock Inc. now owns 16,764,258 shares of the financial services provider’s stock valued at $962,604,000 after acquiring an additional 218,939 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Brown & Brown by 2.3% in the second quarter. Principal Financial Group Inc. now owns 12,025,025 shares of the financial services provider’s stock valued at $827,803,000 after purchasing an additional 274,289 shares during the last quarter. Morgan Stanley grew its position in Brown & Brown by 187.2% during the 4th quarter. Morgan Stanley now owns 9,491,448 shares of the financial services provider’s stock worth $540,728,000 after purchasing an additional 6,186,323 shares during the period. Geode Capital Management LLC raised its stake in shares of Brown & Brown by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 5,287,929 shares of the financial services provider’s stock valued at $303,385,000 after buying an additional 108,521 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Brown & Brown by 9.7% in the 1st quarter. Invesco Ltd. now owns 3,207,698 shares of the financial services provider’s stock valued at $231,821,000 after buying an additional 284,786 shares during the period. Institutional investors and hedge funds own 70.33% of the company’s stock. BRO has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Brown & Brown from $83.00 to $85.00 in a report on Friday, October 6th.StockNews.combegan coverage on shares of Brown & Brown in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Truist Financial restated a “buy” rating and set a $85.00 price target on shares of Brown & Brown in a research report on Friday, September 15th. Citigroup upped their price objective on shares of Brown & Brown from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Finally, Keefe, Bruyette & Woods cut Brown & Brown from an “outperform” rating to a “market perform” rating and raised their target price for the company from $73.00 to $76.00 in a research report on Tuesday, August 1st. Five 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 a consensus rating of “Moderate Buy” and a consensus target price of $76.00. 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 Brown & Brown In related news, EVP Stephen M. Boyd sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $70.64, for a total transaction of $176,600.00. Following the transaction, the executive vice president now directly owns 64,471 shares in the company, valued at $4,554,231.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Company insiders own 16.58% of the company’s stock. Shares ofBrown & Brown stockopened at $73.51 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.60. Brown & Brown, Inc. has a twelve month low of $52.82 and a twelve month high of $74.57. The firm has a market capitalization of $20.92 billion, a PE ratio of 27.95 and a beta of 0.76. The firm’s 50-day moving average price is $70.98 and its 200 day moving average price is $68.99. Brown & Brown (NYSE:BRO–Get Free Report) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. Brown & Brown had a return on equity of 15.72% and a net margin of 18.08%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts predict that Brown & Brown, Inc. will post 2.75 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.13 per share. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, October 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.71%. Brown & Brown’s dividend payout ratio is presently 19.77%. (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. |
2024-11-14 | ETF Daily News | Ellevest Inc. Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE) | Ellevest Inc. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 17.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,372 shares of the financial services provider’s stock after purchasing an additional 502 shares during the period. Ellevest Inc.’s holdings in Intercontinental Exchange were worth $381,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 buying an additional 167 shares during the period. Spire Wealth Management raised its holdings 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 acquiring an additional 236 shares in the last quarter. Oakworth Capital Inc. boosted 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 acquiring an additional 104 shares during the last quarter. Old North State Trust LLC grew its holdings in shares of 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 worth $40,000 after purchasing an additional 882 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Intercontinental Exchange in the third quarter worth approximately $48,000. Institutional investors own 87.91% of the company’s stock. In other Intercontinental Exchange news, PresidentBenjamin Jacksonsold 2,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $117.14, for a total value of $234,280.00. Following the transaction, the president now owns 125,647 shares in the company, valued at $14,718,289.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis hyperlink. In related news, PresidentBenjamin Jacksonsold 2,000 shares of the firm’s 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 sale, the president now directly owns 125,647 shares of the company’s stock, valued at $14,718,289.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthe SEC website. Also, CEOJeffrey C. Sprechersold 88,683 shares of the business’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 transaction, the chief executive officer now owns 1,169,965 shares in the company, valued at approximately $131,995,451.30. The disclosure for this sale can be foundhere. Insiders sold 100,202 shares of company stock valued at $11,299,952 in the last quarter. 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 ForeverA number of research firms have commented on ICE. Bank of America cut their price target on shares of Intercontinental Exchange from $141.00 to $140.00 in a research note on Tuesday, October 3rd. The Goldman Sachs Group initiated coverage on Intercontinental Exchange in a research note on Friday, September 22nd. They issued a “neutral” rating and a $125.00 target price on the stock. Jefferies Financial Group raised their price target on Intercontinental Exchange from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th.StockNews.comupgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Intercontinental Exchange from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Five equities 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.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $132.42. Read Our Latest Research Report on Intercontinental Exchange Shares ofICE stockopened at $108.68 on Tuesday. The company has a market capitalization of $62.20 billion, a P/E ratio of 25.22, a PEG ratio of 2.68 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 company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $110.57 and a two-hundred day moving average price of $111.45. The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, December 13th. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. Intercontinental Exchange’s dividend payout ratio is currently 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. |
2024-11-14 | ETF Daily News | Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by AGF Management Ltd. | AGF Management Ltd. boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 45.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,968 shares of the financial services provider’s stock after buying an additional 50,582 shares during the period. AGF Management Ltd.’s holdings in Intercontinental Exchange were worth $18,428,000 at the end of the most recent quarter. Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted 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 during the last quarter. Oakworth Capital Inc. lifted its holdings 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 acquiring an additional 104 shares during the last quarter. Spire Wealth Management grew its position in Intercontinental Exchange by 374.6% in the first quarter. Spire Wealth Management now owns 299 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 236 shares during the period. GoalVest Advisory LLC purchased a new position in Intercontinental Exchange in the second quarter worth approximately $59,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Intercontinental Exchange during the third quarter worth $48,000. 87.91% of the stock is currently owned by hedge funds and other institutional investors. A number of equities analysts have recently weighed in on the company. Barclays lowered their price target on Intercontinental Exchange from $122.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, October 10th. Raymond James reduced their price target 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. 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 objective for the company. Jefferies Financial Group boosted their target price on Intercontinental Exchange from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, September 19th. Finally,StockNews.comraised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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 Analysis on ICE In other Intercontinental Exchange news, CEOJeffrey C. Sprechersold 88,683 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was 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 in the company, valued at $131,995,451.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed throughthis link. In other news, PresidentBenjamin Jacksonsold 2,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $117.14, for a total value of $234,280.00. Following the completion of the transaction, the president now owns 125,647 shares in the company, valued at approximately $14,718,289.58. The sale was disclosed in a document filed with the SEC, which is available atthis link. Also, 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 sale, the chief executive officer now owns 1,169,965 shares in the company, valued at $131,995,451.30. The disclosure for this sale can be foundhere. In the last three months, insiders sold 100,202 shares of company stock valued at $11,299,952. Insiders own 1.10% of the company’s stock. ICE stockopened at $108.68 on Tuesday. Intercontinental Exchange, Inc. has a fifty-two week low of $94.16 and a fifty-two week high of $118.79. The company’s 50 day moving average price is $110.57 and its 200 day moving average price is $111.45. 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 has a market capitalization of $62.20 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.68 and a beta of 0.98. The company also recently disclosed 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 of this dividend is Wednesday, December 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. Intercontinental Exchange’s payout ratio is 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. |
2024-11-14 | ETF Daily News | Rhumbline Advisers Lowers Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) | Rhumbline Advisers lessened its stake in The Hartford Financial Services Group, Inc. (NYSE:HIG–Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,585 shares of the insurance provider’s stock after selling 3,401 shares during the quarter. Rhumbline Advisers owned 0.21% of The Hartford Financial Services Group worth $46,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also recently modified their holdings of HIG. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of The Hartford Financial Services Group by 100,207.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,759,513 shares of the insurance provider’s stock worth $270,760,000 after purchasing an additional 3,755,765 shares during the last quarter. Norges Bank purchased a new position in shares of The Hartford Financial Services Group in the 4th quarter worth about $277,618,000. Victory Capital Management Inc. raised its position in shares of The Hartford Financial Services Group by 461.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,058,747 shares of the insurance provider’s stock worth $292,311,000 after purchasing an additional 3,335,262 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new position in The Hartford Financial Services Group in the 4th quarter worth about $215,742,000. Finally, Envestnet Asset Management Inc. raised its position in The Hartford Financial Services Group by 425.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,004,275 shares of the insurance provider’s stock worth $27,060,000 after buying an additional 1,622,525 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock. In other The Hartford Financial Services Group news, EVPStephanie C. Bushsold 5,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 10,063 shares in the company, valued at approximately $731,982.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available atthe SEC website. In the last ninety days, insiders sold 6,003 shares of company stock worth $436,159. 2.00% of the stock is owned by company 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 ForeverShares ofNYSE:HIGopened at $74.24 on Tuesday. The stock has a 50 day moving average of $72.14 and a 200 day moving average of $71.73. The company has a market cap of $22.33 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. The Hartford Financial Services Group, Inc. has a 12-month low of $64.25 and a 12-month high of $79.44. The Hartford Financial Services Group (NYSE:HIG–Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.34. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. As a group, equities research analysts expect that The Hartford Financial Services Group, Inc. will post 8.11 EPS for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 1st will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, November 30th. This is an increase from The Hartford Financial Services Group’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. The Hartford Financial Services Group’s payout ratio is 23.32%. HIG has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on The Hartford Financial Services Group from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Citigroup decreased their target price on The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, August 9th. Jefferies Financial Group boosted their target price on The Hartford Financial Services Group from $75.00 to $77.00 in a research report on Friday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on The Hartford Financial Services Group in a research report on Wednesday, October 4th. They issued a “hold” rating and a $85.00 target price for the company. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $77.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.43. Get Our Latest Stock Analysis on HIG (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. |
2024-11-14 | ETF Daily News | Andra AP fonden Reduces Stock Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) | Andra AP fonden decreased its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG–Free Report) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,400 shares of the insurance provider’s stock after selling 16,300 shares during the quarter. Andra AP fonden’s holdings in The Hartford Financial Services Group were worth $7,375,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in HIG. Raleigh Capital Management Inc. boosted its stake in The Hartford Financial Services Group by 72.4% in the 1st quarter. Raleigh Capital Management Inc. now owns 362 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 152 shares during the period. Jones Financial Companies Lllp increased its holdings in The Hartford Financial Services Group by 120.6% in the 1st quarter. Jones Financial Companies Lllp now owns 375 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 205 shares during the last quarter. Quarry LP purchased a new stake in The Hartford Financial Services Group in the 1st quarter worth $31,000. Massmutual Trust Co. FSB ADV lifted its position in shares of The Hartford Financial Services Group by 63.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 525 shares of the insurance provider’s stock worth $38,000 after buying an additional 204 shares in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in The Hartford Financial Services Group by 41.3% during the first quarter. TCI Wealth Advisors Inc. now owns 616 shares of the insurance provider’s stock valued at $43,000 after buying an additional 180 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors. Shares ofHIGopened at $74.24 on Tuesday. The Hartford Financial Services Group, Inc. has a 12 month low of $64.25 and a 12 month high of $79.44. The stock has a fifty day moving average price of $72.14 and a 200-day moving average price of $71.73. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. The firm has a market cap of $22.33 billion, a PE ratio of 10.18, a P/E/G ratio of 1.30 and a beta of 0.82. 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 Hartford Financial Services Group (NYSE:HIG–Get Free Report) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.34. The Hartford Financial Services Group had a return on equity of 19.05% and a net margin of 9.62%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that The Hartford Financial Services Group, Inc. will post 8.11 earnings per share for the current fiscal year. The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 1st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, November 30th. This is an increase 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%. Several equities analysts have commented on the stock. Raymond James increased their price objective on shares of The Hartford Financial Services Group from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Morgan Stanley boosted their target price on The Hartford Financial Services Group from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $77.00 price objective on shares of The Hartford Financial Services Group in a research report on Monday, July 31st. Jefferies Financial Group boosted their target price on The Hartford Financial Services Group from $75.00 to $77.00 in a research report on Friday, October 6th. Finally, Wells Fargo & Company dropped their price objective on The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.43. Read Our Latest Research Report on HIG In other news, EVPStephanie C. Bushsold 5,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $72.74, for a total transaction of $363,700.00. Following the sale, the executive vice president now directly owns 10,063 shares of the company’s stock, valued at $731,982.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available throughthis link. In the last quarter, insiders have sold 6,003 shares of company stock worth $436,159. 2.00% of the stock is owned by corporate insiders. (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. |
2024-11-14 | ETF Daily News | Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Intercontinental Exchange, Inc. (NYSE:ICE) | Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE–Free Report) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,643 shares of the financial services provider’s stock after buying an additional 2,904 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Intercontinental Exchange were worth $11,041,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of 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 worth $26,000 after acquiring an additional 167 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Intercontinental Exchange by 374.6% in the first 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. lifted its stake in shares of Intercontinental Exchange by 53.9% in the second quarter. Oakworth Capital Inc. now owns 297 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 104 shares in the last quarter. Old North State Trust LLC lifted its stake in shares of 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 worth $40,000 after acquiring an additional 882 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of Intercontinental Exchange in the third quarter worth about $48,000. Hedge funds and other institutional investors own 87.91% of the company’s stock. Shares ofICE stockopened at $108.68 on Tuesday. Intercontinental Exchange, Inc. has a 12-month low of $94.16 and a 12-month high of $118.79. The firm has a market capitalization of $62.20 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 2.68 and a beta of 0.98. The business has a 50 day simple moving average of $110.57 and a 200 day simple moving average of $111.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 1.00. 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 also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, December 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is 38.98%. Several analysts have issued reports on the company.StockNews.comupgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. 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 note on Friday, November 3rd. Morgan Stanley upped their price objective on Intercontinental Exchange from $118.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. Bank of America cut their price objective on Intercontinental Exchange from $141.00 to $140.00 in a research note on Tuesday, October 3rd. Finally, 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 note on Thursday, October 5th. Five equities 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, the company has a consensus rating of “Moderate Buy” and an average price target of $132.42. Read Our Latest Report on ICE In related news, CEOJeffrey C. Sprechersold 88,683 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $10,005,216.06. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible throughthis link. In other Intercontinental Exchange 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 transaction, the president now directly owns 125,184 shares of the company’s stock, valued at approximately $13,610,004.48. The sale was disclosed in a filing with the SEC, which is accessible throughthe SEC website. Also, CEO Jeffrey C. Sprecher sold 88,683 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,169,965 shares of the company’s stock, valued at $131,995,451.30. The disclosure for this sale can be foundhere. Insiders sold 100,202 shares of company stock valued at $11,299,952 in the last three months. 1.10% of the stock is currently 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. 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). |
2024-11-14 | ETF Daily News | Sun Country Airlines (NASDAQ:SNCY) Price Target Cut to $23.00 | Sun Country Airlines (NASDAQ:SNCY–Get Free Report)had its target price lowered by equities research analysts at Morgan Stanley from $25.00 to $23.00 in a report released on Tuesday,Benzingareports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 63.47% from the company’s previous close. Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Sun Country Airlines from a “c-” rating to a “d+” rating in a research note on Thursday, August 24th. Susquehanna dropped their price objective on Sun Country Airlines from $18.00 to $17.00 and set a “positive” rating on the stock in a research note on Thursday, November 9th. Evercore ISI reduced their price objective on Sun Country Airlines from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, August 28th. Barclays lowered their target price on Sun Country Airlines from $25.00 to $18.00 in a research note on Thursday, October 5th. Finally, The Goldman Sachs Group cut their price target on Sun Country Airlines from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Sun Country Airlines presently has a consensus rating of “Moderate Buy” and an average target price of $21.00. Check Out Our Latest Analysis on SNCY 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:SNCYtraded up $1.04 on Tuesday, hitting $14.07. The stock had a trading volume of 52,636 shares, compared to its average volume of 497,727. Sun Country Airlines has a 1 year low of $12.39 and a 1 year high of $23.80. The firm’s fifty day simple moving average is $14.13 and its two-hundred day simple moving average is $17.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.68 and a current ratio of 0.70. The stock has a market cap of $761.61 million, a P/E ratio of 11.35 and a beta of 1.56. Sun Country Airlines (NASDAQ:SNCY–Get Free Report) last released its earnings results on Tuesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $248.88 million during the quarter, compared to the consensus estimate of $245.34 million. Sun Country Airlines had a net margin of 7.16% and a return on equity of 15.58%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. Analysts predict that Sun Country Airlines will post 1.33 earnings per share for the current year. In related news, Director Jennifer L. Vogel purchased 13,520 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average cost of $14.83 per share, for a total transaction of $200,501.60. Following the completion of the transaction, the director now directly owns 28,739 shares in the company, valued at approximately $426,199.37. The acquisition was disclosed in a legal filing with the SEC, which is accessible throughthis link. In related news, SVP Erin Rose Neale sold 1,765 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $15.02, for a total value of $26,510.30. Following the sale, the senior vice president now owns 22,166 shares in the company, valued at $332,933.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available atthis link. Also, Director Jennifer L. Vogel bought 13,520 shares of Sun Country Airlines stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $14.83 per share, with a total value of $200,501.60. Following the completion of the transaction, the director now owns 28,739 shares of the company’s stock, valued at $426,199.37. The disclosure for this purchase can be foundhere. Over the last three months, insiders sold 50,492 shares of company stock worth $753,537. 3.50% of the stock is owned by corporate insiders. A number of large investors have recently modified their holdings of the business. Apollo Management Holdings L.P. purchased a new stake in shares of Sun Country Airlines during the 1st quarter valued at $386,066,000. BlackRock Inc. raised its position in Sun Country Airlines by 141.0% during the third quarter. BlackRock Inc. now owns 4,924,269 shares of the company’s stock valued at $67,020,000 after purchasing an additional 2,881,426 shares in the last quarter. U S Global Investors Inc. bought a new stake in Sun Country Airlines during the second quarter worth about $59,390,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sun Country Airlines by 52.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,625,598 shares of the company’s stock worth $66,493,000 after purchasing an additional 1,242,146 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Sun Country Airlines by 72.4% during the 4th quarter. Macquarie Group Ltd. now owns 2,111,465 shares of the company’s stock valued at $33,488,000 after purchasing an additional 887,008 shares during the last quarter. (Get Free Report) Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled service, charter, and cargo businesses in the United States, Latin America, and internationally. The company serves leisure and visiting friends and relatives passengers, and charter customers; and provides crew, maintenance, and insurance services to amazon.com services, Inc with flights to destinations in Canada, Mexico, Central America, and the Caribbean. |
2024-11-14 | ETF Daily News | 41,742 Shares in MetLife, Inc. (NYSE:MET) Acquired by Humankind Investments LLC | Humankind Investments LLC acquired a new stake in MetLife, Inc. (NYSE:MET–Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,742 shares of the financial services provider’s stock, valued at approximately $14,215,000. MetLife accounts for 5.6% of Humankind Investments LLC’s holdings, making the stock its 4th biggest holding. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MET. Synovus Financial Corp raised its stake in shares of MetLife by 11.4% during the 1st quarter. Synovus Financial Corp now owns 17,847 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 1,829 shares in the last quarter. Brighton Jones LLC acquired a new position in MetLife in the first quarter worth approximately $225,000. Baird Financial Group Inc. raised its position in MetLife by 179.7% during 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 acquiring an additional 346,999 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in 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 acquiring an additional 5,296 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in MetLife by 114.5% in the first quarter. Brown Brothers Harriman & Co. now owns 3,419 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 1,825 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock. MET stocktraded up $1.66 during midday trading on Tuesday, hitting $62.12. The stock had a trading volume of 439,615 shares, compared to its average volume of 4,669,379. MetLife, Inc. has a 52 week low of $48.95 and a 52 week 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. The stock has a 50-day simple moving average of $62.07 and a 200 day simple moving average of $59.14. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 0.66 and a beta of 1.06. 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 released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.97 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 the consensus estimate of $17.49 billion. MetLife had a return on equity of 19.14% and a net margin of 3.60%. MetLife’s revenue was down 28.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 earnings per share. As a group, equities research analysts anticipate that MetLife, Inc. will post 7.57 earnings per share for the current year. The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.35%. MetLife’s payout ratio is presently 76.47%. MET has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on shares of MetLife from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. Argus boosted their price target on MetLife from $70.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Citigroup increased their price objective on MetLife from $76.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Royal Bank of Canada lifted their price target on shares of MetLife from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of MetLife from $85.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, October 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, MetLife currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.18. Get Our Latest Research Report on MetLife (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. |
2024-11-15 | ETF Daily News | Public Employees Retirement Association of Colorado Reduces Stock Holdings in The Cigna Group (NYSE:CI) | Public Employees Retirement Association of Colorado reduced its position in shares of The Cigna Group (NYSE:CI–Free Report) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,715 shares of the health services provider’s stock after selling 1,823 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in The Cigna Group were worth $13,389,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Altfest L J & Co. Inc. purchased a new position in The Cigna Group during the second quarter valued at $687,000. Alesco Advisors LLC purchased a new position in The Cigna Group during the second quarter valued at approximately $205,000. Canada Pension Plan Investment Board boosted its position in shares of The Cigna Group by 30.3% in the second quarter. Canada Pension Plan Investment Board now owns 462,748 shares of the health services provider’s stock worth $129,847,000 after purchasing an additional 107,737 shares during the period. Roundview Capital LLC boosted its position in shares of The Cigna Group by 4.8% in the second quarter. Roundview Capital LLC now owns 3,995 shares of the health services provider’s stock worth $1,121,000 after purchasing an additional 183 shares during the period. Finally, Ellevest Inc. raised its position in shares of The Cigna Group by 23.5% during the 2nd quarter. Ellevest Inc. now owns 1,869 shares of the health services provider’s stock valued at $524,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 85.32% of the company’s stock. In other news, EVPNicole S. Jonessold 7,819 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $276.86, for a total transaction of $2,164,768.34. Following the transaction, the executive vice president now directly owns 30,069 shares of the company’s stock, valued at $8,324,903.34. The sale was disclosed in a filing with the SEC, which is accessible throughthis hyperlink. In related news, EVPCynthia Ryansold 3,768 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 5,503 shares of the company’s stock, valued at $1,553,056.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible throughthis link. Also, EVP Nicole S. Jones sold 7,819 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $276.86, for a total value of $2,164,768.34. Following 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. 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 ForeverCI stockopened at $289.97 on Wednesday. The firm’s fifty day simple moving average is $294.79 and its two-hundred day simple moving average is $280.77. The stock has a market capitalization of $84.85 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.06 and a beta of 0.65. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The Cigna Group has a twelve month low of $240.50 and a twelve month high of $340.11. The Cigna Group (NYSE:CI–Get Free Report) last announced its 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 Cigna Group had a return on equity of 12.62% and a net margin of 2.79%. The business had revenue of $49.05 billion during the quarter, compared to analyst estimates of $48.14 billion. During the same quarter in the previous year, the business earned $6.04 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that The Cigna Group will post 24.82 earnings per share for the current year. The firm 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 is Tuesday, December 5th. This represents a $4.92 annualized dividend and a dividend yield of 1.70%. The Cigna Group’s dividend payout ratio (DPR) is 27.75%. CI has been the topic of a number of recent analyst reports. Bank of America raised their price target on The Cigna Group from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 4th.StockNews.comupgraded shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 3rd. Raymond James upped their target price on shares of The Cigna Group from $310.00 to $330.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 7th. Sanford C. Bernstein boosted their price target on shares of The Cigna Group from $326.00 to $330.00 in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada boosted their target price on The Cigna Group from $300.00 to $327.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.40. Get Our Latest Stock 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. 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). |
2024-11-15 | GlobeNewswire | Quantum Computing Market projected to reach USD 4,456.0 Million by 2030, growing at a CAGR of 24.2% during the forecast period of 2023-2030 - pronounced by MarketDigits in its recent study. | Richmond, Nov. 15, 2023 (GLOBE NEWSWIRE) -- According to a research report"Quantum Computing Market, by Offering (Hardware, Software, Service, Consulting Services, Training & Education Services, Support & Maintenance Services), Deployment Type (On-premises, Cloud-based), Application (Optimization, Simulation and Data Problems, Sampling, Machine Learning), Technology (Quantum Dots, Trapped Ions, Quantum Annealing) , Industry (Banking, Financial Services, and Insurance, Aerospace & Defence, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities) and Region. Global Quantum Computing Market Report Scope: Download the Sample-https://www.marketdigits.com/request/sample/435 TOC Covers in Depth & Breath onQuantum Computing Market172 - Market Data Tables63 - List of Figures220 – Pages The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits. Market Overview The Quantum Computing refers to the global industry encompassing the research, development, manufacturing, and commercialization of quantum computers and related technologies. Quantum computing leverages the principles of quantum mechanics to perform complex calculations at speeds unattainable by classical computers. Quantum computing's potential applications are vast, spanning across industries such as Banking, Financial Services, and Insurance, Aerospace & Defense, Manufacturing, Healthcare, IT & Telecom, Energy & Utilities. As quantum algorithms mature, new use cases continue to emerge, attracting interest from various sectors. The market involves the production of quantum processors, software, and hardware components, as well as the provision of quantum cloud services to enterprises and research institutions. Quantum computing seeks to address complex problems by harnessing the unique properties of quantum bits, or qubits, which can exist in multiple states simultaneously, leading to exponential computational power. Major vendors in the global Quantum Computing Market- IBM Corporation, Telstra Corporation Limited, IonQ Inc., Silicon Quantum Computing, Huawei Technologies Co. Ltd., Alphabet Inc., Rigetti & Co Inc., Microsoft Corporation, D-Wave Systems Inc., Zapata Computing Inc. and Others. Request for Discount @https://www.marketdigits.com/request/discount/435 Increasing Advancements in Quantum Hardware The Significant progress in quantum hardware development is a primary driver for the Global Quantum Computing Market. Researchers and companies are continuously improving quantum processors, aiming to enhance qubit stability, coherence times, and error correction capabilities. The race to achieve quantum supremacy, where quantum computers can perform tasks beyond classical computers, is intensifying. Breakthroughs in superconducting qubits, trapped ion systems, and topological qubits are driving the market by offering more reliable and powerful quantum processors. As quantum hardware becomes more robust, it unlocks a broader range of applications, from cryptography and optimization to simulating complex quantum systems. Market Dynamics Drivers: Opportunities: The potential applications of Quantum computing in drug discovery and material science The Quantum computing's potential applications in drug discovery and material science offer a compelling opportunity. Quantum computers can simulate complex quantum systems and molecular structures with a level of detail and precision that classical computers cannot achieve. This presents opportunities for accelerating drug discovery, optimizing chemical reactions, and designing advanced materials. Pharmaceutical companies, research institutions, and material science firms are actively exploring quantum computing for more efficient and innovative research and development. Companies that can offer specialized quantum solutions and expertise for these industries stand to benefit from the demand for quantum-assisted drug discovery and material science applications, addressing critical challenges and enhancing research outcomes. The market for Quantum Computing is dominated by North America. In 2022, the North American region dominated the Quantum Computing Market with the highest market share. North America, particularly the United States and Canada, is a leading hub for quantum computing research and commercialization. The region boasts several prominent companies and research institutions dedicated to quantum technology development. With significant investments from both the government and private sectors, North America is at the forefront of quantum hardware, software, and cloud services. Key players like IBM, Google, and Rigetti are based in this region. The North American Quantum Computing Market is well-established, with a strong focus on applications in cryptography, optimization, and scientific research. Asia-Pacific (APAC) region is expected to witness the highest growth rate .The Asia-Pacific region, led by China, Japan, and Australia, is rapidly growing in the Quantum Computing Market. China is a major player, with significant investments in quantum technology research and development. Asia-Pacific is also witnessing applications in quantum communication, quantum cryptography, and quantum-enhanced sensors. The region is becoming a competitive player in the quantum computing ecosystem, driven by increasing research initiatives and the adoption of quantum technology in various sectors. Overall, while North America currently dominates the Quantum Computing market, Asia-Pacific, with countries like China and India, is expected to witness substantial growth and become a key player in the coming years. The Hardware segment is anticipated to hold the largest market share during the forecast period In 2022, the Hardware segment held the majority of revenue share, and it is expected to maintain its leading position from 2023 to 2030. Hardware, which includes quantum processors, qubits, and associated components. Quantum hardware forms the foundation of quantum computing systems and is pivotal in unlocking the immense computational power promised by quantum technology. Quantum hardware is the heart of any quantum computer and is crucial for executing quantum algorithms and solving complex problems. Companies such as IBM, Google, Rigetti, and D-Wave are actively engaged in advancing quantum hardware technology. Further, Software is poised to display a notable Compound Annual Growth Rate (CAGR) in the foreseeable future. Quantum software plays a key role in enabling users to program and run quantum algorithms on quantum hardware. It includes quantum programming languages, quantum development environments, and quantum algorithm libraries. Quantum software simplifies the process of harnessing quantum computing power, making it accessible to researchers, enterprises, and developers. To directly buy this report @https://www.marketdigits.com/checkout/435/s View Adjacent Reports: Cloud-based Quantum Computing Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits Managed Detection and Response (MDR) Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits Cloud Orchestration Market2030 By Type, Distribution Channel, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits About MarketDigits: MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that a market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets. We offer services that are most relevant and beneficial to the users, which help businesses to sustain themselves in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues. Contact Us:MarketDigits1248 CarMia Way Richmond,VA 23235,United States.USA: +1 847 450 0808Email:sales@marketdigits.comWeb:https://www.marketdigits.comFollow Us on: |Twitter|LinkedIn |
2024-11-15 | ETF Daily News | CURO Group Holdings Corp. (NYSE:CURO) CFO Ismail Dawood Acquires 21,600 Shares of Stock | CURO Group Holdings Corp. (NYSE:CURO–Get Free Report) CFO Ismail Dawood purchased 21,600 shares of CURO Group stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $0.78 per share, with a total value of $16,848.00. Following the transaction, the chief financial officer now owns 401,469 shares in the company, valued at $313,145.82. The acquisition was disclosed in a legal filing with the SEC, which is available throughthis link. Ismail Dawood also recently made the following trade(s): NYSE:CUROopened at $0.78 on Wednesday. CURO Group Holdings Corp. has a 52-week low of $0.58 and a 52-week high of $4.96. The company has a market cap of $32.21 million, a P/E ratio of -0.08 and a beta of 2.55. The stock’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $1.27. 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 institutional investors have recently made changes to their positions in CURO. HighTower Advisors LLC boosted its holdings in shares of CURO Group by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 891,998 shares of the company’s stock valued at $935,000 after buying an additional 58,762 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of CURO Group in the 2nd quarter valued at about $74,000. Goldman Sachs Group Inc. increased its stake in shares of CURO Group by 154.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 113,332 shares of the company’s stock worth $153,000 after purchasing an additional 68,845 shares during the last quarter. Long Focus Capital Management LLC lifted its stake in CURO Group by 22.0% in the 1st quarter. Long Focus Capital Management LLC now owns 1,633,317 shares of the company’s stock valued at $2,826,000 after purchasing an additional 295,017 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CURO Group by 8.6% during the first quarter. Geode Capital Management LLC now owns 390,521 shares of the company’s stock worth $676,000 after purchasing an additional 30,834 shares during the period. Institutional investors and hedge funds own 36.55% of the company’s stock. (Get Free Report) CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers secured and unsecured installment loans, revolving line of credit, and single-pay loans; and credit protection insurance, check cashing, money transfer, foreign currency exchange, and other ancillary financial products and services, as well as reloadable prepaid debit cards and demand deposit accounts. |
2024-11-15 | Forbes | Turbo-Charge Your Returns With These 3 Preferred Closed-End Funds | Book with page about preferred stock. Trading concept. The Fed “pause” is on—and that means we’re this much closer to the first rate cut since the COVID-caused race to zero. It’ll soon be “game on” for fixed income of all sorts. And that includes one class of stock that has been kicked deep into value territory—giving us a potential one-two punch of high income (6.9% to 9.2% yields) and a violent bounce off the bottom. More on these sweet payouts in just a second. A High-Yield Way to Ride Powell’s Coattails Federal Reserve Chair Jerome Powell and his henchmen at the central bank recently made the call to keep the benchmark fed funds rate level—a clear acknowledgement that the economy is indeed slowing. The next step in this dance is a recession. At that point, you should expect the Fed to flip and send interest rates in reverse. When that happens, discarded fixed income will finally have its day. I like several areas of fixed income right now, but one opportunity that might be ripest at present is preferred stocks, which have become attractively priced thanks to a nearly two-year bear market. Their income potential is simply spectacular: I love preferred stocks because they combine several factors of both stocks and bonds to create a powerful combo equity. For instance, like common stocks, preferred stocks trade on an exchange and represent equity in the issuing company. But like bonds, preferreds typically don’t trade violently up and down—instead, they trade around a par value. They also usually don’t provide voting rights. And while preferred stocks pay dividends, the amount of income they pay remains fixed. They also offer a few unique perks, including: While I do occasionally dabble in individual preferred stocks, most investors are better off buying a diversified bucket of them via funds. Like bonds, preferreds also are extremely difficult for individual investors to value and analyze due to little data and even less news and analysis. If you really want to turbo-charge your preferred returns, consider closed-end funds (CEFs). While you can buy preferred mutual funds and exchange-traded funds (ETFs), preferred CEFs benefit from agile active management, the ability to use debt leverage (which can juice returns and yields), and the possibility of buying funds at a discount to their net asset value (NAV). Case in point: I’m going to introduce you to three preferred-stock CEFs that are yielding a fat 8.4% on average at present. Nuveen Preferred & Income Term Fund (JPI) I want to start with the Nuveen Preferred & Income Term Fund (JPI), which is a pretty straightforward preferred-stock play, but with a couple twists and turns. JPI’s portfolio typically has to invest at least 80% of assets in preferred stocks and other income-producing securities—while that’s a wide net, management typically sticks to preferreds and convertible securities. Similar to most preferred funds, JPI is beholden to the financial sector. Indeed, its top five industries—which collectively make up 80% of assets—all belong to the sector: diversified and regional banks, insurance, capital markets, and financial services. Credit quality is unremarkable, but I’ll point out that it is better than the ETF benchmark, the iShares Preferred and Income Securities ETF (PFF
PFF
). Some 70% of JPI’s preferreds are investment-grade; it’s less than 55% for PFF. JPI’s twist and turns come from its nature as a closed-end fund. It has management, which can be flexible—that compares to virtually all preferred ETFs, which are tethered to a restrictive index. It uses leverage—a ton of it, in fact. Current leverage of 37% is extremely high; CEFs rarely eclipse 40%. And it trades at a 6% discount to NAV that, while not scintillating, is twice as deep as its five-year average discount (3%). You’re also getting a fund that has outperformed PFF over the long haul. Despite all this, JPI isn’t a total home run. For one, you can simply look at the chart and tell that JPI isn’t nearly as calm as your traditional preferred fund—all that leverage makes it jumpy, which means while you might be getting better long-term performance, you’re getting a lot more short-term volatility. (And for many investors, lower volatility is one of the perks of preferreds.) You won’t be able to hold JPI for very long, anyways. This is a term fund whose time will end next summer—on or before Aug. 31, 2024, the fund will liquidate and distribute its net assets to shareholders. Lastly, let’s look at JPI’s distribution: It’s not uncommon for preferred-stock fund dividends to change over time, and preferred-stock CEF distributions in general have shrunk over the past few years. But JPI’s income “shrinkage” is something to behold. So, let’s look at two other funds whose payouts aren’t hemorrhaging ground. Cohen & Steers Limited Duration Preferred and Income Fund (LDP) The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) is a little quirky. It holds preferreds, sure, but it’s a “limited-duration” fund. Most preferred stocks are perpetual in nature, which means they don’t really have a duration. But LDP selects from preferred stocks that do have expiration dates (and thus durations), and it buys preferreds whose durations are on the shorter side. The average modified duration of Morningstar’s
MORN
preferred stock fund category is over 8 years; LDP’s is a hair over 3. So, LDP has a slightly better credit profile than iShares’ preferred ETF and it sticks to shorter-duration issues, which in theory should depress its income-generating ability—but thanks to a hefty use of leverage, this Nuveen CEF can offer up a 9% yield. It also trades at a fat 10% discount that’s 3x its historical rate, and it too has historically outrun the benchmark. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA) The trio’s biggest yield belongs to another CS fund: the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA). It’s also the youngest of the three, having come to life in October 2020. But in its short publicly traded life, it’s also the worst-performing: But why? Despite what you might assume from the “tax-advantaged” in PTA’s name, there’s nothing terribly special about the fund’s goals. The CEF attempts to “achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund.” And it accomplishes that in two ways: The resulting portfolio is pretty cut-and-dry, too. PTA’s roughly 240 preferreds are predominantly from the financial sector. There is quite a bit of international exposure, though—about 40% of assets are preferreds from Canada, France, the U.K., and other places outside the U.S., which is about 10-15 points more ex-U.S. exposure than your typical preferred fund. Credit quality is a little low, though; less than half of assets are investment-grade. And leverage is high at nearly 40%. The result has been a volatile and disappointing first three years for PTA’s managers, who have little to show for their “tax-advantaged” focus. So despite a high yield and a decent 7% discount to NAV, there’s not much to get excited about here. Brett Owens is chief investment strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: Your Early Retirement Portfolio: Huge Dividends—Every Month—Forever. Disclosure: none |
2024-11-15 | ETF Daily News | Michael Lee Stickney Sells 1,000 Shares of iA Financial Co. Inc. (TSE:IAG) Stock | iA Financial Co. Inc. (TSE:IAG–Get Free Report) Senior Officer Michael Lee Stickney sold 1,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of C$84.55, for a total value of C$84,550.00. Michael Lee Stickney also recently made the following trade(s): iA Financial stockopened at C$86.35 on Wednesday. iA Financial Co. Inc. has a one year low of C$71.14 and a one year high of C$93.90. The business has a fifty day moving average price of C$84.07 and a 200-day moving average price of C$86.85. The company has a debt-to-equity ratio of 35.49, a current ratio of 5.63 and a quick ratio of 0.17. The firm has a market capitalization of C$8.86 billion, a P/E ratio of 7.88, a PEG ratio of 1.26 and a beta of 1.17. 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 ForeverThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 16th. iA Financial’s dividend payout ratio is 27.92%. IAG has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on iA Financial from C$100.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. TD Securities decreased their target price on iA Financial from C$6.00 to C$5.50 in a research report on Monday, August 14th. Desjardins decreased their target price on iA Financial from C$95.00 to C$94.00 and set a “hold” rating for the company in a research report on Thursday, October 12th. CIBC decreased their target price on iA Financial from C$96.00 to C$95.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Finally, National Bank Financial decreased their target price on iA Financial from C$4.75 to C$4.50 in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, iA Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$72.14. Check Out Our Latest Analysis on IAG (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. |
2024-11-15 | ETF Daily News | Lido Advisors LLC Has $3.42 Million Stock Position in The Allstate Co. (NYSE:ALL) | Lido Advisors LLC lifted its stake in The Allstate Co. (NYSE:ALL–Free Report) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,363 shares of the insurance provider’s stock after buying an additional 1,169 shares during the period. Lido Advisors LLC’s holdings in Allstate were worth $3,420,000 at the end of the most recent reporting period. Other hedge funds have also modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Allstate in the 2nd quarter worth approximately $200,000. Chilton Capital Management LLC acquired a new stake in Allstate during the 1st quarter valued at $33,000. Arlington Partners LLC increased its holdings in Allstate by 2,073.3% during the 2nd quarter. Arlington Partners LLC now owns 326 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 311 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new stake in Allstate during the 2nd quarter valued at $38,000. Finally, Kalos Management Inc. acquired a new stake in Allstate during the 1st quarter valued at $39,000. 77.23% of the stock is owned by institutional investors and hedge funds. ALLopened at $131.65 on Wednesday. The business’s 50-day moving average price is $118.81 and its two-hundred day moving average price is $113.41. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $142.15. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of -16.60 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.35 and a quick 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 released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 last year, the business posted ($1.56) EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that The Allstate Co. will post -2.16 EPS for the current fiscal year. A number of research firms recently weighed in on ALL. Piper Sandler raised their price target on Allstate from $137.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. The Goldman Sachs Group increased their price objective on Allstate from $128.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Raymond James raised their price target on Allstate from $145.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 6th. Barclays reduced their price target on Allstate from $113.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, August 14th. Finally, Roth Mkm raised their price target on Allstate from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.50. Read Our Latest Research 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. |
2024-11-15 | ETF Daily News | Rocket Companies (NYSE:RKT) Now Covered by Barclays | Stock analysts atBarclaysassumed coverage on shares ofRocket Companies (NYSE:RKT–Get Free Report)in a note issued to investors on Wednesday,Briefing.comreports. The brokerage set an “underweight” rating and a $6.00 price target on the stock.Barclays‘s price target points to a potential downside of 34.92% from the stock’s current price. Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their price target on Rocket Companies from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Rocket Companies from $11.50 to $9.25 in a research report on Monday, October 2nd. Wedbush cut their price objective on shares of Rocket Companies from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Citigroup lifted their target price on shares of Rocket Companies from $9.00 to $11.00 in a report on Friday, August 4th. Finally, UBS Group increased their price target on Rocket Companies from $8.50 to $10.50 and gave the company a “neutral” rating in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8.98. Get Our Latest Analysis on Rocket Companies 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 ofRKTopened at $9.22 on Wednesday. The business’s fifty day moving average price is $8.32 and its two-hundred day moving average price is $9.09. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of -43.90 and a beta of 2.20. Rocket Companies has a 52 week low of $6.63 and a 52 week high of $11.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 11.15 and a current ratio of 11.15. In other news, DirectorJonathan D. Marinersold 12,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $10.32, for a total transaction of $129,000.00. Following the completion of the transaction, the director now directly owns 55,250 shares in the company, valued at approximately $570,180. The transaction was disclosed in a document filed with the SEC, which is available atthis link. 94.05% of the stock is owned by insiders. A number of institutional investors and hedge funds have recently made changes to their positions in RKT. FMR LLC raised its position in Rocket Companies by 482.8% during the first quarter. FMR LLC now owns 11,224,873 shares of the company’s stock worth $101,697,000 after acquiring an additional 9,299,006 shares in the last quarter. Boston Partners bought a new stake in shares of Rocket Companies in the 3rd quarter valued at about $47,544,000. Vanguard Group Inc. grew its holdings in Rocket Companies by 29.0% during the first quarter. Vanguard Group Inc. now owns 10,028,437 shares of the company’s stock worth $111,517,000 after purchasing an additional 2,252,066 shares during the period. Balyasny Asset Management L.P. acquired a new position in Rocket Companies during the first quarter worth approximately $17,865,000. Finally, Renaissance Technologies LLC raised its stake in Rocket Companies by 378.7% in the first quarter. Renaissance Technologies LLC now owns 2,357,100 shares of the company’s stock valued at $26,211,000 after buying an additional 1,864,700 shares during the period. Institutional investors own 4.09% of the company’s stock. (Get Free Report) Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, a virtual marketplace where consumers can shop and compare vehicles of many makes and models from a wide network of dealers; and Rocket Loans, an online-based personal loans business. |
2024-11-15 | ETF Daily News | Power Co. of Canada (TSE:POW) Announces Quarterly Earnings Results, Beats Estimates By $0.52 EPS | Power Co. of Canada (TSE:POW–Get Free Report) issued its earnings results on Monday. The financial services provider reported C$1.52 earnings per share for the quarter, topping the consensus estimate of C$1.00 by C$0.52, reports. The company had revenue of C$4.66 billion during the quarter. Power Co. of Canada had a net margin of 2.66% and a return on equity of 6.35%. Power Co. of Canada stockopened at C$35.41 on Wednesday. The firm has a market capitalization of C$21.42 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09. The company’s 50-day moving average is C$35.14 and its 200 day moving average is C$35.91. Power Co. of Canada has a 1-year low of C$31.47 and a 1-year high of C$38.98. The company has a debt-to-equity ratio of 50.02, a current ratio of 42.50 and a quick ratio of 107.64. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, December 28th. Power Co. of Canada’s dividend payout ratio (DPR) is currently 106.06%. 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 recently weighed in on POW shares. CIBC dropped their target price on shares of Power Co. of Canada from C$42.00 to C$38.00 and set a “neutral” rating for the company in a report on Thursday, October 26th. Cfra increased their price objective on shares of Power Co. of Canada from C$38.00 to C$42.00 in a report on Friday, August 11th. TD Securities dropped their price objective on shares of Power Co. of Canada from C$43.00 to C$40.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Royal Bank of Canada dropped their price objective on shares of Power Co. of Canada from C$45.00 to C$41.00 and set a “sector perform” rating for the company in a report on Tuesday, October 24th. Finally, National Bankshares dropped their price objective on shares of Power Co. of Canada from C$42.00 to C$39.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$40.05. Read Our Latest Research Report on Power Co. of Canada (Get Free Report) Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance; retirement and investment management; fund and asset management; reinsurance and retrocession; investment advisory, financial planning, and related services; fund products; and protection and wealth management services. |
2024-11-15 | ETF Daily News | 89bio (NASDAQ:ETNB) Shares Down 6.4% | 89bio, Inc. (NASDAQ:ETNB–Get Free Report)’s share price dropped 6.4% during mid-day trading on Monday . The company traded as low as $6.88 and last traded at $6.98. Approximately 304,086 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,585,324 shares. The stock had previously closed at $7.46. ETNB has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of 89bio from $36.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 12th. Royal Bank of Canada decreased their price target on 89bio from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Oppenheimer lowered 89bio from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 10th. Cantor Fitzgerald lowered their price target on shares of 89bio from $41.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, August 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $35.00 price target on shares of 89bio in a report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.89. Get Our Latest Stock Analysis on 89bio 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’s fifty day simple moving average is $11.63 and its 200 day simple moving average is $15.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 18.23 and a quick ratio of 18.23. 89bio (NASDAQ:ETNB–Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.08. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $0.38 million. 89bio’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts expect that 89bio, Inc. will post -2.13 EPS for the current year. Several hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in 89bio during the first quarter valued at $30,000. US Bancorp DE lifted its position in 89bio by 132.5% during the 2nd quarter. US Bancorp DE now owns 2,202 shares of the company’s stock valued at $42,000 after acquiring an additional 1,255 shares during the period. Dark Forest Capital Management LP bought a new stake in 89bio during the first quarter worth about $39,000. Metropolitan Life Insurance Co NY purchased a new stake in 89bio in the second quarter worth about $64,000. Finally, Russell Investments Group Ltd. bought a new position in shares of 89bio during the second quarter valued at approximately $97,000. (Get Free Report) 89bio, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. The company's lead product candidate is pegozafermin, a glycoPEGylated analog of fibroblast growth factor 21 for the treatment of nonalcoholic steatohepatitis; and for the treatment of severe hypertriglyceridemia. |
2024-11-15 | ETF Daily News | American International Group, Inc. (NYSE:AIG) Shares Sold by California Public Employees Retirement System | California Public Employees Retirement System cut its holdings in shares of American International Group, Inc. (NYSE:AIG–Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,444,483 shares of the insurance provider’s stock after selling 95,565 shares during the period. California Public Employees Retirement System owned approximately 0.20% of American International Group worth $83,116,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in AIG. Sequoia Financial Advisors LLC raised its holdings in shares of American International Group by 125.0% during the second quarter. Sequoia Financial Advisors LLC now owns 16,949 shares of the insurance provider’s stock valued at $975,000 after acquiring an additional 9,415 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in American International Group by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,953 shares of the insurance provider’s stock valued at $6,343,000 after buying an additional 364 shares during the period. CIBC Asset Management Inc increased its stake in shares of American International Group by 0.5% during the 1st quarter. CIBC Asset Management Inc now owns 111,048 shares of the insurance provider’s stock worth $5,592,000 after purchasing an additional 518 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of American International Group by 79.0% during the 1st quarter. AQR Capital Management LLC now owns 5,794,696 shares of the insurance provider’s stock worth $290,025,000 after purchasing an additional 2,557,149 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of American International Group by 27.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 15,156,369 shares of the insurance provider’s stock worth $763,275,000 after purchasing an additional 3,243,870 shares during the last quarter. 88.57% of the stock is owned by institutional investors and hedge funds. Several analysts recently issued reports on AIG shares. Morgan Stanley upped their price objective on shares of American International Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Royal Bank of Canada upped their price objective on shares of American International Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Barclays upped their price objective on shares of American International Group from $58.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th.StockNews.comassumed coverage on shares of American International Group in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Piper Sandler reduced their price target on shares of American International Group from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $68.71. 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 ForeverCheck Out Our Latest Analysis on American International Group In other American International Group news, major shareholder International Group American sold 50,000,000 shares of American International Group stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.50, for a total transaction of $1,025,000,000.00. Following the completion of the transaction, the insider now owns 365,413,892 shares of the company’s stock, valued at approximately $7,490,984,786. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed throughthis link. 0.49% of the stock is currently owned by insiders. Shares ofNYSE:AIGopened at $64.21 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $61.37 and its two-hundred day simple moving average is $58.53. American International Group, Inc. has a 1-year low of $45.66 and a 1-year high of $64.94. The stock has a market cap of $45.08 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.96 and a beta of 1.03. American International Group (NYSE:AIG–Get Free Report) last announced its earnings results on Thursday, November 2nd. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. American International Group had a return on equity of 10.66% and a net margin of 7.87%. The firm had revenue of $12.77 billion during the quarter, compared to analyst estimates of $12.62 billion. During the same period last year, the firm posted $0.66 EPS. As a group, analysts forecast that American International Group, Inc. will post 6.63 EPS for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, December 13th. American International Group’s dividend payout ratio is presently 27.59%. (Free Report) American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. |
2024-11-15 | The Times of India | Asian stocks surge, dollar slumps as traders cheer inflation surprise | PTI U.S. retail sales data are the next focus for markets, although analysts think that even a positive number is unlikely to dampen the euphoria over the prospective end of the rate hike cycle. SINGAPORE: Asian stocks leapt while the dollar was nursing its heaviest losses in a year on Wednesday, as steady U.S. inflation figures boosted investor confidence that the Federal Reserve was done hiking interest rates and may start cutting early next year. U.S. headline consumer prices were flat in October, against expectations for a 0.1% rise. Core CPI, at 0.2%, also came in below a forecast of 0.3%. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.9% in early trade. Japan's Nikkei was up 1.8%. Overnight the Nasdaq jumped 2.4%, bonds surged and the dollar slumped more than 1.6% on the euro. "This was - unequivocally - good news on the inflation front," Sam Rines, managing director at research firm CORBU in Texas, said in a note to clients. "But the relevant question now is: 'Can it get any better?'" Interest rate futures swung sharply higher as traders priced out any chance of further rate hikes and foresaw a cut as early as May, with some chance it could come even sooner, in March. Two-year Treasury yields, which closely track short-term rate expectations, dived more than 22 basis points (bps) on Tuesday and held steady at 4.84% in Tokyo trade on Wednesday. Ten-year yields fell 19 bps overnight and touched an almost two-month low of 4.43% in Asia, having tumbled below support at 4.5%. Yields fall when bond prices climb. In foreign exchange trade, the dollar suffered its heaviest selling in 12 months, with the sharpest losses against risk-sensitive currencies such as the Australian dollar. The Aussie leapt 2% overnight and was steady at $0.6496 in Asia. The New Zealand dollar held on to a 2.2% gain, at $0.60. The euro broke above $1.08 and even the battered yen rallied to 150.5 per dollar. The detail of the data offered extra cheer to investors, with evidence of rent rises moderating. Car prices fell and a downtrend in six-month annualised core inflation remained intact. "This reading will likely confirm, in our view, that the Fed is now on hold on rates," said Chetan Seth, strategist at Nomura. "Recent U.S. labour market and inflation reports suggest an economy that is softening, but not collapsing, and bond yields and oil prices have moderated, thus reducing hard-landing risks (for the economy next year)." On the other side of the world, China's central bank boosted liquidity injections on Wednesday, although it kept the interest rate unchanged when rolling over maturing medium-term policy loans. The yuan held near a two-month high. In Japan, the Bank of Japan stepped back and pared its regular bond buying as markets rallied. Ten-year Japanese government bond yields hit a one-month low of 0.775%. U.S. retail sales data are the next focus for markets, although analysts think that even a positive number is unlikely to dampen the euphoria over the prospective end of the rate hike cycle. "With so many disinflationary forces (including softening labour markets in the U.S. and Canada) it feels to me the market will run with this number and even a strong retail sales release ... cannot derail the soft landing / 1995 vibes," Spectra Markets President Brent Donnelly said in a note. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Thursday, 16 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition Lenders Look to De risk Promoter Guarantees Indian lenders will now insist that a negative lien is created on the assets underlying personal guarantees given by promoters of companies raising bank loans, said people at advisory firms. The move is aimed at preventing them from transferring these personal assets to a special trust, which may be bankruptcy remote. India Inc Q2 Profit Surges, Revenue Growth Muted India Inc delivered strong double-digit growth in net profit in the September quarter, riding a stellar show by automobiles, banking and finance, cement and metal companies with a domestic focus. Real Money eGaming Banned? Players Now Game the System Scores of die-hard gaming enthusiasts are devising innovative ways to continue playing on real money gaming apps that are banned across states such as Telangana, Odisha, Arunachal Pradesh, Sikkim and several others, according to lawyers and industry experts with an overview of the sector. Read More News on Asian stocks dollar investor inflation interest rates (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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2024-11-16 | ETF Daily News | Canada Pension Plan Investment Board Has $17.77 Million Stake in Verisk Analytics, Inc. (NASDAQ:VRSK) | Canada Pension Plan Investment Board trimmed its position in shares of Verisk Analytics, Inc. (NASDAQ:VRSK–Free Report) by 23.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,619 shares of the business services provider’s stock after selling 24,300 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.05% of Verisk Analytics worth $17,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also made changes to their positions in VRSK. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Verisk Analytics by 92,326.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 486,928,708 shares of the business services provider’s stock valued at $110,060,496,000 after buying an additional 486,401,877 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Verisk Analytics by 248.2% during the 4th quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock valued at $664,346,000 after buying an additional 2,684,234 shares during the last quarter. Norges Bank acquired a new stake in shares of Verisk Analytics during the 4th quarter valued at about $268,659,000. Two Sigma Investments LP raised its stake in shares of Verisk Analytics by 879.0% in the 1st quarter. Two Sigma Investments LP now owns 858,957 shares of the business services provider’s stock valued at $164,799,000 after acquiring an additional 771,220 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of Verisk Analytics by 3,412.2% in the 1st quarter. Two Sigma Advisers LP now owns 647,331 shares of the business services provider’s stock valued at $124,197,000 after acquiring an additional 628,900 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds. Shares ofNASDAQ:VRSKopened at $237.79 on Thursday. Verisk Analytics, Inc. has a 1-year low of $167.81 and a 1-year high of $249.26. The firm has a market capitalization of $34.48 billion, a PE ratio of 69.94, a PEG ratio of 3.91 and a beta of 0.85. The business’s 50 day moving average is $238.20 and its 200-day moving average is $229.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 7.22. 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, topping the consensus estimate of $1.47 by $0.05. Verisk Analytics had a return on equity of 135.34% and a net margin of 19.04%. The company had revenue of $677.60 million for the quarter, compared to analyst estimates of $663.33 million. During the same quarter last year, the firm earned $1.46 EPS. Verisk Analytics’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts predict that Verisk Analytics, Inc. will post 5.72 earnings per share for the current year. The company also recently disclosed 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 of this dividend is Thursday, December 14th. Verisk Analytics’s payout ratio is presently 40.00%. A number of brokerages recently weighed in on VRSK. Barclays raised their price objective on Verisk Analytics from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Argus began coverage on Verisk Analytics in a research note on Thursday, September 14th. They issued a “buy” rating and a $288.00 price objective on the stock. Raymond James raised their price objective on Verisk Analytics from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd.StockNews.combegan coverage on Verisk Analytics in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group downgraded Verisk Analytics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $248.23. Read Our Latest Stock Report on VRSK In related news, insiderNicholas Daffansold 1,516 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $244.63, for a total value of $370,859.08. Following the sale, the insider now owns 43,151 shares of the company’s stock, valued at approximately $10,556,029.13. The sale was disclosed in a legal filing with the SEC, which is available throughthis link. In related news, insiderNicholas Daffansold 1,516 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $244.63, for a total value of $370,859.08. Following the sale, the insider now owns 43,151 shares of the company’s stock, valued at approximately $10,556,029.13. The sale was disclosed in a legal filing with the SEC, which is available throughthis link. Also, DirectorTherese M. Vaughansold 6,500 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 20,679 shares in the company, valued at approximately $4,806,833.55. The disclosure for this sale can be foundhere. In the last quarter, insiders have sold 9,532 shares of company stock valued at $2,254,750. 1.31% of the stock is owned by corporate 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. |
2024-11-16 | GlobeNewswire | Digital Health Market is Expected to Reach $549.7 billion | MarketsandMarkets. | Chicago, Nov. 16, 2023 (GLOBE NEWSWIRE) --Digital Health marketin terms of revenue was estimated to be worth $180.2 billion in 2023 and is poised to reach $549.7 billion by 2028, growing at a CAGR of 25.0% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The increasing demand for remote healthcare solutions, advancements in technology and digital infrastructure, rising healthcare costs and the need for cost-effective solutions are some of the key factors driving the growth of this market. Download an Illustrative overview:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45458752 Digital HealthMarketScope: However, limited access to digital healthcare in underserved areas, resistance to technology adoption in healthcare are some of the factors expected to restrain the growth of this market in the coming years. On the basis of offering, the digital health market is segmented into hardware, software, services and applications. In 2022, the software segment accounted for the largest market share of the global digital health market. The largest share of software in digital health market is attributed to the swift adoption of these software solutions by a wide range of stakeholders, including patients, hospitals, healthcare providers, and insurance payers. On the basis of application, the digital health market is segmented into chronic disease management, behavioral health, health & fitness and others. The chronic disease management segment accounted for the largest share of the market. The largest share can be attributed to increasing geriatric population and chronic diseases, rising awareness of personalized care and expansion of telehealth. On the basis of technology, the digtal health market is segmented into mHealth, telehealthcare, digital therapeutics and health management solutions. The telehealthcare segment accounted for the largest share of the global market in 2022. The increased demand for remote care, technological advancements, integration with EHRs, and consumer adoption are driving the growth of the market. On the basis of end user, the digital health market is segmented into providers, payers and patients & consumers. In 2022, the providers segment accounted for the largest share of the digital health market. The strong demand for patient centric approach, integration with clinical care, insurance and payment integration and rising transparency of data access and control are driving the growth of this end-user segment. The global digital health market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Middle East & Africa and Latin America. In 2022, North America accounted for the largest share of regional market for digital health. North America, which comprises the US, and Canada forms the largest market for digital health. Presence of key established players, rising chronic disease prevalence, supportive regulatory environment, and high focus on R&D & substantial investment are some of the major factors responsible for the large share of this market. Buy a Digital Health Industry Report (301 Pages PDF with Insightful Charts, Tables, and Figures):https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=45458752 Digital Health market major players covered in the report, such as: Request for FREE Sample Pages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=45458752 The study categorizes the Digital Health market into the following segments and subsegments: Digital Health market, By Offering Digital Health market, By Technology Digital Health market, by Application Digital Health market, By End User Digital Health Market, By Region Recent Developments: Get 10% Free Customization on this Report:https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=45458752 Key Stakeholders: Report Objectives: Related Reports: Digital Twins in Healthcare Market Digital Diabetes Management Market mHealth Solutions Market Edge Computing in Healthcare Market Quantum Computing in Healthcare Market Research Insight:https://www.marketsandmarkets.com/ResearchInsight/digital-health-market.asp Content Source:https://www.marketsandmarkets.com/PressReleases/digital-health.asp |
2024-11-16 | ETF Daily News | Amkor Technology, Inc. (NASDAQ:AMKR) Plans Quarterly Dividend of $0.08 | Amkor Technology, Inc.(NASDAQ:AMKR–Get Free Report) declared a quarterly dividend on Tuesday, November 14th,Zacksreports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.079 per share by the semiconductor company on Tuesday, December 26th. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Monday, December 4th. This is an increase from Amkor Technology’s previous quarterly dividend of $0.08. Amkor Technology has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amkor Technology to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 14.2%. Shares ofNASDAQ AMKRopened at $25.68 on Thursday. The firm’s 50-day moving average price is $22.66 and its 200-day moving average price is $25.02. Amkor Technology has a 1-year low of $17.58 and a 1-year high of $31.38. The firm has a market capitalization of $6.31 billion, a P/E ratio of 15.56 and a beta of 1.85. The company has a current ratio of 1.95, a quick ratio of 1.65 and a debt-to-equity ratio of 0.24. 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 ForeverAmkor Technology (NASDAQ:AMKR–Get Free Report) last announced its quarterly earnings data on Monday, October 30th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. Amkor Technology had a net margin of 6.11% and a return on equity of 10.79%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. Equities research analysts anticipate that Amkor Technology will post 1.39 earnings per share for the current fiscal year. Several research analysts have weighed in on AMKR shares. B. Riley started coverage on shares of Amkor Technology in a report on Thursday. They set a “buy” rating and a $35.00 price objective on the stock. DA Davidson upped their price objective on shares of Amkor Technology from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st.StockNews.comlowered Amkor Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Morgan Stanley initiated coverage on Amkor Technology in a research report on Thursday, November 9th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, UBS Group initiated coverage on Amkor Technology in a research report on Thursday. They issued a “buy” rating and a $31.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.25. Get Our Latest Stock Report on Amkor Technology In other news, CFOMegan Faustsold 2,700 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $24.79, for a total transaction of $66,933.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at approximately $877,417.26. The sale was disclosed in a legal filing with the SEC, which is available atthe SEC website. In other Amkor Technology news, EVP Mark N. Rogers sold 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $23.84, for a total value of $119,200.00. Following the completion of the sale, the executive vice president now directly owns 20,815 shares of the company’s stock, valued at $496,229.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis link. Also, CFOMegan Faustsold 2,700 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $24.79, for a total value of $66,933.00. Following the completion of the sale, the chief financial officer now directly owns 35,394 shares of the company’s stock, valued at $877,417.26. The disclosure for this sale can be foundhere. Insiders sold 10,013,100 shares of company stock worth $232,508,173 in the last quarter. 53.30% of the stock is currently owned by company insiders. A number of large investors have recently bought and sold shares of the company. Morgan Stanley increased its position in Amkor Technology by 62.5% in the third quarter. Morgan Stanley now owns 1,764,586 shares of the semiconductor company’s stock worth $39,880,000 after buying an additional 678,911 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Amkor Technology by 3.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 15,359 shares of the semiconductor company’s stock worth $347,000 after buying an additional 475 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Amkor Technology by 17.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 137,512 shares of the semiconductor company’s stock valued at $3,108,000 after buying an additional 20,802 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Amkor Technology in the 3rd quarter valued at approximately $428,000. Finally, Royal Bank of Canada grew its stake in Amkor Technology by 84.6% in the 3rd quarter. Royal Bank of Canada now owns 21,878 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 10,029 shares in the last quarter. 38.69% of the stock is owned by hedge funds and other institutional investors. (Get Free Report) Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services. |
2024-11-16 | ETF Daily News | Coursera, Inc. (NYSE:COUR) SVP Richard J. Jacquet Sells 8,578 Shares | Coursera, Inc. (NYSE:COUR–Get Free Report) SVP Richard J. Jacquet sold 8,578 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $20.00, for a total transaction of $171,560.00. Following the completion of the sale, the senior vice president now owns 329,358 shares of the company’s stock, valued at $6,587,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available atthe SEC website. NYSE COURopened at $19.61 on Thursday. The company has a market capitalization of $2.99 billion, a PE ratio of -19.81 and a beta of 1.63. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $20.05. The company has a 50-day simple moving average of $18.26 and a 200 day simple moving average of $15.36. Institutional investors and hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Coursera during the 3rd quarter valued at $346,000. The Manufacturers Life Insurance Company lifted its holdings in Coursera by 19.2% during the third quarter. The Manufacturers Life Insurance Company now owns 62,666 shares of the company’s stock valued at $1,171,000 after purchasing an additional 10,073 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Coursera by 67.4% during the third quarter. GSA Capital Partners LLP now owns 21,122 shares of the company’s stock valued at $395,000 after purchasing an additional 8,504 shares during the last quarter. Royal Bank of Canada boosted its position in Coursera by 6.1% during the third quarter. Royal Bank of Canada now owns 87,614 shares of the company’s stock worth $1,637,000 after purchasing an additional 5,011 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Coursera in the third quarter worth about $554,000. 64.36% of the stock is owned by institutional investors. 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 commented on COUR shares. Needham & Company LLC boosted their target price on Coursera from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Truist Financial increased their target price on Coursera from $12.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, July 28th. KeyCorp boosted their price target on shares of Coursera from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Coursera in a report on Monday, October 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Coursera from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coursera presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.45. Read Our Latest Analysis on Coursera (Get Free Report) Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, physical science and engineering, language learning, information technology, health, social sciences, math and logic, project management, and arts and humanities; campus student plans; degree courses; and certification education. |
2024-11-16 | ETF Daily News | Beverly Hills Private Wealth LLC Increases Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) | Beverly Hills Private Wealth LLC boosted its position in The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 114.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,302 shares of the financial services provider’s stock after purchasing an additional 2,293 shares during the period. Beverly Hills Private Wealth LLC’s holdings in The PNC Financial Services Group were worth $566,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently bought and sold shares of PNC. Argent Trust Co boosted its position in The PNC Financial Services Group by 28.6% during the first quarter. Argent Trust Co now owns 8,334 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 1,853 shares during the last quarter. Ruffer LLP acquired a new position in shares of The PNC Financial Services Group during the 1st quarter valued at about $29,855,000. Arete Wealth Advisors LLC purchased a new position in The PNC Financial Services Group during the first quarter worth approximately $359,411,000,000. EA Series Trust purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter worth $440,000. Finally, Border to Coast Pensions Partnership Ltd raised its holdings in shares of The PNC Financial Services Group by 20.2% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 106,703 shares of the financial services provider’s stock worth $13,562,000 after purchasing an additional 17,938 shares during the period. 80.14% of the stock is owned by institutional investors and hedge funds. Shares ofPNCopened at $128.97 on Thursday. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $170.27. 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 firm has a market cap of $51.37 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.07 and a beta of 1.14. The stock has a 50 day moving average of $119.71 and a 200-day moving average of $122.71. 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 ForeverThe PNC Financial Services Group (NYSE:PNC–Get Free Report) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.50. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate 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 was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.78 earnings per share. As a group, analysts forecast that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current year. The business also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Monday, October 16th. The PNC Financial Services Group’s payout ratio is 43.03%. A number of analysts recently issued reports on PNC shares. Bank of America raised shares of The PNC Financial Services Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 10th. 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. Credit Suisse Group decreased their price target on shares of The PNC Financial Services Group from $145.00 to $135.00 in a research report on Wednesday, July 19th.StockNews.comupgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, 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 report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Hold” and a consensus price target of $150.99. Get Our Latest Stock Analysis 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). |
2024-11-16 | ETF Daily News | Veritable L.P. Lowers Stake in The PNC Financial Services Group, Inc. (NYSE:PNC) | Veritable L.P. cut its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC–Free Report) by 3.2% in the second quarter,HoldingsChannel.comreports. The institutional investor owned 13,716 shares of the financial services provider’s stock after selling 459 shares during the quarter. Veritable L.P.’s holdings in The PNC Financial Services Group were worth $1,728,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also modified their holdings of the company. Aspire Private Capital LLC purchased a new stake in shares of The PNC Financial Services Group during the first quarter worth about $16,268,800,000. MUFG Securities EMEA plc purchased a new stake in shares of The PNC Financial Services Group during the second quarter worth about $25,000. Centerpoint Advisors LLC purchased a new stake in shares of The PNC Financial Services Group during the first quarter worth about $26,000. Fiduciary Alliance LLC purchased a new stake in shares of The PNC Financial Services Group during the second quarter worth about $27,000. Finally, Roffman Miller Associates Inc. PA purchased a new stake in shares of The PNC Financial Services Group during the second quarter worth about $30,000. 80.14% of the stock is currently owned by hedge funds and other institutional investors. NYSE PNCopened at $128.97 on Thursday. The company’s fifty day simple moving average is $119.71 and its 200-day simple moving average is $122.71. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $170.27. 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 stock has a market cap of $51.37 billion, a P/E ratio of 8.95, a PEG ratio of 1.07 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 earnings results on Friday, October 13th. The financial services provider reported $3.60 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the company posted $3.78 earnings per share. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current fiscal year. The company also recently announced 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. The ex-dividend date of this dividend was Monday, October 16th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.81%. The PNC Financial Services Group’s payout ratio is currently 43.03%. Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued 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 on the stock in a research report on Monday, October 16th. Odeon Capital Group cut shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Piper Sandler raised their target price on shares of The PNC Financial Services Group from $130.00 to $131.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Finally, Credit Suisse Group decreased their target price on shares of The PNC Financial Services Group from $145.00 to $135.00 in a research 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $150.99. Get Our Latest Stock 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). |
2024-11-16 | ETF Daily News | Canada Pension Plan Investment Board Has $21.69 Million Stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) | Canada Pension Plan Investment Board trimmed its position in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA–Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,745 shares of the financial services provider’s stock after selling 9,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.13% of LPL Financial worth $21,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC bought a new position in shares of LPL Financial in the 2nd quarter valued at approximately $217,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of LPL Financial by 60.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 30,378 shares of the financial services provider’s stock valued at $6,149,000 after acquiring an additional 11,447 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of LPL Financial in the 2nd quarter valued at approximately $1,222,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of LPL Financial by 7.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 239,068 shares of the financial services provider’s stock valued at $48,387,000 after acquiring an additional 17,398 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of LPL Financial by 30.3% in the 1st quarter. Signaturefd LLC now owns 1,379 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 321 shares in the last quarter. 92.84% of the stock is currently owned by institutional investors and hedge funds. LPLA has been the topic of a number of recent analyst reports. Citigroup raised their price objective on LPL Financial from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, July 28th.StockNews.comassumed coverage on LPL Financial in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Bank of America lifted their price target on LPL Financial from $232.00 to $233.00 in a research report on Sunday, July 30th. Morgan Stanley dropped their price target on LPL Financial from $260.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Monday, October 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $290.00 price target on shares of LPL Financial in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $252.90. 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 ForeverRead Our Latest Stock Report on LPL Financial Shares ofLPLA stockopened at $221.49 on Thursday. The stock’s fifty day simple moving average is $231.86 and its 200 day simple moving average is $220.88. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.63 and a beta of 0.91. LPL Financial Holdings Inc. has a one year low of $179.00 and a one year high of $257.64. LPL Financial (NASDAQ:LPLA–Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.59 by $0.15. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.51 billion. LPL Financial had a return on equity of 60.49% and a net margin of 11.99%. LPL Financial’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.13 EPS. On average, analysts expect that LPL Financial Holdings Inc. will post 15.44 earnings per share for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, November 8th. LPL Financial’s dividend payout ratio is 8.14%. In other LPL Financial news, DirectorAneri Jambusariasold 1,930 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $222.37, for a total value of $429,174.10. Following the transaction, the director now owns 1,802 shares of the company’s stock, valued at $400,710.74. The transaction was disclosed in a legal filing with the SEC, which is available throughthe SEC website. In other news, DirectorMatthew Enyedisold 3,265 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $230.86, for a total transaction of $753,757.90. Following the transaction, the director now owns 9,978 shares of the company’s stock, valued at $2,303,521.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available atthis hyperlink. Also, DirectorAneri Jambusariasold 1,930 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $222.37, for a total value of $429,174.10. Following the transaction, the director now directly owns 1,802 shares in the company, valued at approximately $400,710.74. The disclosure for this sale can be foundhere. Insiders have sold a total of 15,848 shares of company stock valued at $3,770,797 in the last 90 days. 1.30% of the stock is owned by corporate insiders. (Free Report) LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. |
2024-11-16 | ETF Daily News | Ally Financial Inc. (NYSE:ALLY) Shares Sold by Cambria Investment Management L.P. | Cambria Investment Management L.P. reduced its position in Ally Financial Inc. (NYSE:ALLY–Free Report) by 3.1% in the 2nd quarter,Holdings Channelreports. The firm owned 184,264 shares of the financial services provider’s stock after selling 5,944 shares during the period. Cambria Investment Management L.P.’s holdings in Ally Financial were worth $4,977,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also made changes to their positions in ALLY. Cetera Advisor Networks LLC raised its stake in Ally Financial by 116.5% during the 2nd quarter. Cetera Advisor Networks LLC now owns 34,482 shares of the financial services provider’s stock valued at $931,000 after acquiring an additional 18,557 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ally Financial by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,392,089 shares of the financial services provider’s stock valued at $64,610,000 after acquiring an additional 73,290 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ally Financial by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,364,998 shares of the financial services provider’s stock valued at $198,930,000 after acquiring an additional 299,523 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Ally Financial during the 2nd quarter worth approximately $226,000. Finally, Spire Wealth Management grew its holdings in shares of Ally Financial by 25.0% in the 2nd quarter. Spire Wealth Management now owns 3,721 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 745 shares during the period. 86.04% of the stock is owned by hedge funds and other institutional investors. A number of equities research analysts have commented on ALLY shares. Stephens reiterated an “equal weight” rating and set a $32.00 target price on shares of Ally Financial in a report on Thursday, August 31st. JPMorgan Chase & Co. decreased their price objective on Ally Financial from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 17th. Morgan Stanley decreased their price objective on Ally Financial from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, October 19th. BMO Capital Markets decreased their price objective on Ally Financial from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 19th. Finally, The Goldman Sachs Group decreased their price objective on Ally Financial from $32.00 to $31.00 in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.80. 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 ALLY Shares ofAlly Financial stockopened at $27.69 on Thursday. The business has a 50-day moving average of $25.97 and a 200-day moving average of $26.92. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $8.35 billion, a PE ratio of 7.57 and a beta of 1.38. Ally Financial Inc. has a 1-year low of $21.58 and a 1-year high of $35.78. Ally Financial (NYSE:ALLY–Get Free Report) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.06 billion. Ally Financial had a return on equity of 11.36% and a net margin of 14.64%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. As a group, equities analysts forecast that Ally Financial Inc. will post 3.2 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 4.33%. Ally Financial’s dividend payout ratio (DPR) is 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. Want to see what other hedge funds are holding ALLY?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Ally Financial Inc. (NYSE:ALLY–Free Report). |
2024-11-16 | ETF Daily News | Public Employees Retirement Association of Colorado Has $4.78 Million Holdings in The Allstate Co. (NYSE:ALL) | Public Employees Retirement Association of Colorado lessened its stake in The Allstate Co. (NYSE:ALL–Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,839 shares of the insurance provider’s stock after selling 804 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Allstate were worth $4,780,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC increased its stake in Allstate by 0.9% in 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 buying an additional 958 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Allstate by 8.7% during the 2nd 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 during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Allstate by 36.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 63,018 shares of the insurance provider’s stock worth $6,872,000 after purchasing an additional 16,851 shares during the last quarter. Pictet Asset Management SA increased its stake in shares of Allstate by 2.7% during the 1st quarter. Pictet Asset Management SA now owns 135,878 shares of the insurance provider’s stock worth $15,057,000 after purchasing an additional 3,572 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of 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 purchasing an additional 10,271 shares during the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock. Shares ofAllstate stockopened at $131.56 on Thursday. The stock has a market capitalization of $34.43 billion, a P/E ratio of -16.59 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.64. The company has a 50-day simple moving average of $119.28 and a 200 day simple moving average of $113.53. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $142.15. 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 announced its earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 3.51% and a negative return on equity of 10.95%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.56) EPS. Research analysts expect that The Allstate Co. will post -2.16 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.71%. Allstate’s dividend payout ratio (DPR) is currently -44.89%. Several research firms recently issued reports on ALL. The Goldman Sachs Group upped their price objective on shares of Allstate from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of Allstate from $162.00 to $154.00 and set an “overweight” rating for the company in a report on Wednesday, August 2nd. Bank of America decreased their price objective on shares of Allstate from $143.00 to $138.00 in a report on Wednesday, August 2nd. Raymond James increased their price target on shares of Allstate from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, November 6th. Finally, Roth Mkm increased their price target on shares of Allstate from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.50. View Our Latest Stock Analysis 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). |
2024-11-16 | ETF Daily News | Getty Realty Corp. (NYSE:GTY) Sees Large Decline in Short Interest | Getty Realty Corp. (NYSE:GTY–Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 907,100 shares, a drop of 19.0% from the October 15th total of 1,120,000 shares. Based on an average trading volume of 309,400 shares, the short-interest ratio is currently 2.9 days. NYSE GTYtraded up $0.08 during mid-day trading on Thursday, reaching $28.64. 31,561 shares of the stock were exchanged, compared to its average volume of 321,152. Getty Realty has a one year low of $25.95 and a one year high of $36.49. The stock has a 50 day simple moving average of $28.01 and a 200-day simple moving average of $31.19. The stock has a market cap of $1.51 billion, a P/E ratio of 20.11, a P/E/G ratio of 8.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.19 and a quick ratio of 4.19. Getty Realty (NYSE:GTY–Get Free Report) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.25). Getty Realty had a return on equity of 8.39% and a net margin of 39.13%. The firm had revenue of $48.85 million for the quarter, compared to the consensus estimate of $44.68 million. On average, analysts anticipate that Getty Realty will post 2.25 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 ForeverThe business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 28th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.28%. This is a boost from Getty Realty’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, December 27th. Getty Realty’s dividend payout ratio (DPR) is presently 121.13%. Large investors have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new stake in Getty Realty in the first quarter worth $695,000. IFP Advisors Inc acquired a new stake in Getty Realty in the second quarter worth $26,000. Parallel Advisors LLC grew its holdings in 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 worth $39,000 after purchasing an additional 1,141 shares during the period. Natixis acquired a new stake in Getty Realty in the fourth quarter worth $42,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in 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 worth $59,000 after purchasing an additional 795 shares during the period. 83.55% of the stock is currently owned by institutional investors and hedge funds. GTY has been the subject of several analyst reports. Royal Bank of Canada dropped their price target on shares of Getty Realty from $33.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 8th. JMP Securities dropped their price target on shares of Getty Realty from $39.00 to $33.00 and set a “market outperform” rating for the company in a research note on Thursday, October 19th. Finally,StockNews.cominitiated coverage on shares of Getty Realty in a research note on Thursday, October 5th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.33. Check Out Our Latest Stock Analysis on Getty Realty (Get Free Report) See AlsoFive stocks we like better than Getty RealtyHow to Invest in SemiconductorsIs it time to buy the dip in Walmart shares?Stock Average CalculatorUnlocking AI investment opportunities in healthcareDividend Screener: How to Evaluate Dividend Stocks Before BuyingNew Disney investor propels stock to ranks of best S&P gainersReceive 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. |
2024-11-16 | ETF Daily News | TD Securities Raises Brookfield (NYSE:BN) Price Target to $55.00 | Brookfield (NYSE:BN–Free Report)had its price target hoisted by TD Securities from $54.00 to $55.00 in a research report sent to investors on Sunday,BayStreet.CAreports. The firm currently has an action list buy rating on the stock. Other analysts also recently issued research reports about the stock. Credit Suisse Group cut their price objective on shares of Brookfield from $42.00 to $41.00 and set an outperform rating for the company in a report on Thursday, August 31st. Canaccord Genuity Group downgraded shares of Brookfield from a buy rating to a hold rating in a report on Friday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Brookfield from $36.00 to $37.00 and gave the company a market perform rating in a report on Friday, November 10th. Royal Bank of Canada cut their price objective on shares of Brookfield from $48.00 to $43.00 and set an outperform rating for the company in a report on Tuesday, October 24th. Finally, BMO Capital Markets cut their price target on shares of Brookfield from $45.00 to $42.00 and set an outperform rating for the company in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield currently has an average rating of Moderate Buy and a consensus target price of $43.78. Get Our Latest Analysis on Brookfield 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 ForeverBrookfield stockopened at $34.46 on Friday. The business has a fifty day moving average of $32.29 and a two-hundred day moving average of $32.57. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.34. The firm has a market cap of $56.48 billion, a P/E ratio of -1,148.28 and a beta of 1.45. Brookfield has a twelve month low of $28.25 and a twelve month high of $47.53. Brookfield (NYSE:BN–Get Free Report) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Brookfield had a return on equity of 2.23% and a net margin of 0.12%. The company had revenue of $24.44 billion for the quarter, compared to the consensus estimate of $1.07 billion. The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.81%. Brookfield’s dividend payout ratio (DPR) is presently -933.02%. Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its position in Brookfield by 17.3% during the third quarter. Integrated Wealth Concepts LLC now owns 19,675 shares of the company’s stock worth $615,000 after acquiring an additional 2,903 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Brookfield by 11.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 15,503 shares of the company’s stock worth $485,000 after acquiring an additional 1,548 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Brookfield by 21.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,233,299 shares of the company’s stock worth $602,966,000 after acquiring an additional 3,331,522 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Brookfield by 20.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 786,217 shares of the company’s stock valued at $24,585,000 after buying an additional 134,326 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Brookfield by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,841,070 shares of the company’s stock valued at $182,650,000 after buying an additional 273,474 shares during the period. 58.22% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report) Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. |
2024-11-16 | ETF Daily News | Insider Selling: MetroCity Bankshares, Inc. (NASDAQ:MCBS) CEO Sells 2,763 Shares of Stock | MetroCity Bankshares, Inc. (NASDAQ:MCBS–Get Free Report) CEO Nack Y. Paek sold 2,763 shares of MetroCity Bankshares stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $20.11, for a total value of $55,563.93. Following the completion of the transaction, the chief executive officer now directly owns 1,328,785 shares in the company, valued at $26,721,866.35. The sale was disclosed in a legal filing with the SEC, which is available throughthe SEC website. MCBSopened at $21.67 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.22 and a current ratio of 1.22. MetroCity Bankshares, Inc. has a 52-week low of $13.10 and a 52-week high of $23.26. The stock has a market capitalization of $546.30 million, a PE ratio of 10.32 and a beta of 0.57. The stock’s 50 day moving average price is $19.96 and its 200-day moving average price is $19.05. MetroCity Bankshares (NASDAQ:MCBS–Get Free Report) last posted its earnings results on Friday, October 20th. The company reported $0.45 earnings per share (EPS) for the quarter. MetroCity Bankshares had a return on equity of 14.64% and a net margin of 26.51%. The firm had revenue of $27.06 million for the quarter. 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 was paid on Friday, November 10th. Investors of record on Wednesday, November 1st were paid a $0.18 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.72 annualized dividend and a yield of 3.32%. MetroCity Bankshares’s payout ratio is 34.29%. Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCBS. Invesco Ltd. boosted its holdings in MetroCity Bankshares by 2.3% in the third quarter. Invesco Ltd. now owns 22,578 shares of the company’s stock worth $444,000 after acquiring an additional 514 shares in the last quarter. Royal Bank of Canada lifted its holdings in MetroCity Bankshares by 8.2% in the third quarter. Royal Bank of Canada now owns 8,228 shares of the company’s stock valued at $161,000 after acquiring an additional 623 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in MetroCity Bankshares by 9.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,268 shares of the company’s stock valued at $175,000 after acquiring an additional 915 shares during the period. UBS Group AG lifted its holdings in MetroCity Bankshares by 16.8% in the first quarter. UBS Group AG now owns 7,389 shares of the company’s stock valued at $126,000 after acquiring an additional 1,063 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in MetroCity Bankshares by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 351,904 shares of the company’s stock valued at $8,263,000 after acquiring an additional 1,090 shares during the period. 18.93% of the stock is owned by hedge funds and other institutional investors. (Get Free Report) MetroCity Bankshares, Inc operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, and certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; and commercial and industrial loans, residential mortgage loans, and SBA loans. |
2024-11-16 | ETF Daily News | Radian Group Inc. (NYSE:RDN) Declares Quarterly Dividend of $0.23 | Radian Group Inc.(NYSE:RDN–Get Free Report) declared a quarterly dividend on Wednesday, November 15th,RTT Newsreports. Investors of record on Monday, November 27th will be given a dividend of 0.225 per share by the insurance provider on Tuesday, December 12th. This represents a $0.90 dividend on an annualized basis and a yield of 3.40%. Radian Group has increased its dividend payment by an average of 330.9% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Radian Group has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Radian Group to earn $3.33 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 27.0%. RDN stockopened at $26.49 on Thursday. Radian Group has a 1 year low of $17.83 and a 1 year high of $28.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $4.06 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09. The business has a 50 day simple moving average of $25.94 and a 200-day simple moving average of $25.96. 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 ForeverRadian Group (NYSE:RDN–Get Free Report) last issued its earnings results on Wednesday, November 1st. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.25. The business had revenue of $313.50 million during the quarter, compared to the consensus estimate of $313.17 million. Radian Group had a return on equity of 15.63% and a net margin of 50.66%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.31 EPS. Equities research analysts anticipate that Radian Group will post 3.75 earnings per share for the current fiscal year. A number of brokerages recently issued reports on RDN.StockNews.combegan coverage on Radian Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Barclays initiated coverage on Radian Group in a research note on Wednesday. They issued an “equal weight” rating and a $28.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on Radian Group from $26.00 to $29.00 and gave the company a “sector perform” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Radian Group currently has an average rating of “Hold” and a consensus price target of $27.50. Check Out Our Latest Report on RDN A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of Radian Group by 14.8% in the 1st quarter. Raymond James & Associates now owns 18,972 shares of the insurance provider’s stock valued at $421,000 after purchasing an additional 2,445 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Radian Group by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 56,712 shares of the insurance provider’s stock valued at $1,260,000 after buying an additional 1,548 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Radian Group by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 1,488,800 shares of the insurance provider’s stock valued at $33,067,000 after buying an additional 6,479 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Radian Group by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 94,871 shares of the insurance provider’s stock worth $2,107,000 after buying an additional 34,432 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Radian Group by 854.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 96,124 shares of the insurance provider’s stock worth $2,271,000 after acquiring an additional 86,048 shares in the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock. (Get 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. |
2024-11-16 | ETF Daily News | Hamilton Lane (NASDAQ:HLNE) Reaches New 12-Month High at $94.44 | Hamilton Lane Incorporated (NASDAQ:HLNE–Get Free Report)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $94.44 and last traded at $94.11, with a volume of 3098 shares changing hands. The stock had previously closed at $93.83. A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $89.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Wells Fargo & Company lifted their target price on Hamilton Lane from $88.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 8th. Oppenheimer upped their price target on Hamilton Lane from $93.00 to $97.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, The Goldman Sachs Group lifted their price objective on Hamilton Lane from $78.00 to $89.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $93.50. Check Out Our Latest Research Report on HLNE 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 stock has a market capitalization of $5.02 billion, a P/E ratio of 30.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.45 and a current ratio of 3.45. The firm has a fifty day moving average price of $88.03 and a two-hundred day moving average price of $82.96. The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 15th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, December 14th. Hamilton Lane’s dividend payout ratio is 58.36%. Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Hamilton Lane by 28.6% in the third quarter. The Manufacturers Life Insurance Company now owns 19,164 shares of the company’s stock worth $1,733,000 after buying an additional 4,262 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Hamilton Lane by 15.9% during the 3rd quarter. Royal Bank of Canada now owns 29,638 shares of the company’s stock worth $2,681,000 after acquiring an additional 4,068 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at $276,000. JPMorgan Chase & Co. increased its stake in shares of Hamilton Lane by 26.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 473,639 shares of the company’s stock worth $42,836,000 after purchasing an additional 99,311 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Hamilton Lane by 4.0% in the 3rd quarter. Legal & General Group Plc now owns 33,638 shares of the company’s stock worth $3,042,000 after purchasing an additional 1,280 shares in the last quarter. 67.13% of the stock is currently owned by institutional investors. (Get Free Report) Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services. |
2024-11-16 | ETF Daily News | Trillium Asset Management LLC Acquires 1,618 Shares of Webster Financial Co. (NYSE:WBS) | Trillium Asset Management LLC raised its holdings in Webster Financial Co. (NYSE:WBS–Free Report) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,370 shares of the financial services provider’s stock after buying an additional 1,618 shares during the quarter. Trillium Asset Management LLC owned about 0.07% of Webster Financial worth $4,355,000 at the end of the most recent quarter. Other hedge funds have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. increased its position in Webster Financial by 4.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,110 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 200 shares during the period. First Horizon Advisors Inc. increased its position in shares of Webster Financial by 28.3% during the second quarter. First Horizon Advisors Inc. now owns 1,307 shares of the financial services provider’s stock valued at $49,000 after buying an additional 288 shares during the period. Daiwa Securities Group Inc. raised its stake in Webster Financial by 3.1% in the first quarter. Daiwa Securities Group Inc. now owns 10,100 shares of the financial services provider’s stock worth $398,000 after buying an additional 300 shares in the last quarter. Blair William & Co. IL lifted its holdings in Webster Financial by 7.6% in the first quarter. Blair William & Co. IL now owns 4,298 shares of the financial services provider’s stock worth $241,000 after buying an additional 303 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Webster Financial by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,083 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 318 shares in the last quarter. 86.37% of the stock is owned by hedge funds and other institutional investors. WBS has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Webster Financial from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, September 27th. Wells Fargo & Company lowered their price objective on Webster Financial from $50.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 4th. Raymond James reduced their target price on shares of Webster Financial from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, October 23rd. Jefferies Financial Group lowered their price target on shares of Webster Financial from $53.00 to $47.00 in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada cut their price objective on shares of Webster Financial from $53.00 to $48.00 in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Webster Financial currently has an average rating of “Moderate Buy” and an average target price of $50.00. 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 WBS Shares ofNYSE:WBStraded down $0.56 during midday trading on Thursday, reaching $42.07. 58,301 shares of the company’s stock traded hands, compared to its average volume of 1,254,773. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 0.86. Webster Financial Co. has a one year low of $31.03 and a one year high of $56.00. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 8.17 and a beta of 1.32. The stock has a 50 day moving average of $39.80 and a 200 day moving average of $39.90. Webster Financial (NYSE:WBS–Get Free Report) last posted its earnings results on Thursday, October 19th. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Webster Financial had a net margin of 24.45% and a return on equity of 13.65%. The business had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $686.11 million. During the same quarter in the prior year, the business earned $1.46 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Webster Financial Co. will post 5.92 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Thursday, November 2nd. Webster Financial’s payout ratio is currently 30.65%. (Free Report) Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment provides commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; treasury management services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as derivative, treasury, accounts payable, accounts receivable, and trade products and services. Want to see what other hedge funds are holding WBS?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Webster Financial Co. (NYSE:WBS–Free Report). |
2024-11-16 | ETF Daily News | Insider Selling: MetroCity Bankshares, Inc. (NASDAQ:MCBS) CEO Sells $281,773.80 in Stock | MetroCity Bankshares, Inc. (NASDAQ:MCBS–Get Free Report) CEO Nack Y. Paek sold 13,860 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.33, for a total value of $281,773.80. Following the completion of the transaction, the chief executive officer now owns 1,338,125 shares of the company’s stock, valued at $27,204,081.25. The transaction was disclosed in a filing with the SEC, which is available atthis link. Shares ofMCBS stockopened at $21.67 on Thursday. The stock has a market capitalization of $546.30 million, a PE ratio of 10.32 and a beta of 0.57. MetroCity Bankshares, Inc. has a 1-year low of $13.10 and a 1-year high of $23.26. The business has a 50-day moving average of $19.96 and a 200 day moving average of $19.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.22 and a quick ratio of 1.22. MetroCity Bankshares (NASDAQ:MCBS–Get Free Report) last released its quarterly earnings data on Friday, October 20th. The company reported $0.45 earnings per share for the quarter. The business had revenue of $27.06 million during the quarter. MetroCity Bankshares had a return on equity of 14.64% and a net margin of 26.51%. 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 disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Wednesday, November 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, October 31st. MetroCity Bankshares’s dividend payout ratio (DPR) is presently 34.29%. A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCBS. Invesco Ltd. increased its holdings in shares of MetroCity Bankshares by 2.3% in the 3rd quarter. Invesco Ltd. now owns 22,578 shares of the company’s stock worth $444,000 after purchasing an additional 514 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of MetroCity Bankshares by 8.2% in the 3rd quarter. Royal Bank of Canada now owns 8,228 shares of the company’s stock worth $161,000 after purchasing an additional 623 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of MetroCity Bankshares by 9.8% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,268 shares of the company’s stock worth $175,000 after purchasing an additional 915 shares in the last quarter. UBS Group AG grew its holdings in shares of MetroCity Bankshares by 16.8% in the first quarter. UBS Group AG now owns 7,389 shares of the company’s stock worth $126,000 after acquiring an additional 1,063 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of MetroCity Bankshares by 0.3% in the first quarter. The Manufacturers Life Insurance Company now owns 351,904 shares of the company’s stock worth $8,263,000 after acquiring an additional 1,090 shares during the period. Institutional investors own 18.93% of the company’s stock. (Get Free Report) MetroCity Bankshares, Inc operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, and certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; and commercial and industrial loans, residential mortgage loans, and SBA loans. |
2024-11-16 | ETF Daily News | Chubb (NYSE:CB) Stock Price Down 2% | Chubb Limited (NYSE:CB–Get Free Report)’s share price traded down 2% on Tuesday . The stock traded as low as $217.20 and last traded at $217.60. 185,062 shares changed hands during trading, a decline of 90% from the average session volume of 1,780,147 shares. The stock had previously closed at $222.00. Several analysts have weighed in on the company.StockNews.comraised Chubb from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. cut Chubb from an “overweight” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research report on Monday, October 2nd. Barclays lifted their price objective on Chubb from $260.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Chubb in a research report on Tuesday, August 29th. Finally, Citigroup lifted their price objective on Chubb from $235.00 to $238.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.71. Check Out Our Latest Stock Report on Chubb 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 stock has a fifty day moving average of $212.69 and a 200 day moving average of $202.32. The company has a market capitalization of $89.03 billion, a P/E ratio of 12.89, a PEG ratio of 1.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.30 and a current ratio of 0.30. Chubb (NYSE:CB–Get Free Report) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.74. Chubb had a return on equity of 14.26% and a net margin of 14.58%. The company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.16 billion. As a group, equities research analysts anticipate that Chubb Limited will post 19.18 EPS for the current fiscal year. In related news, COOJohn W. Keoghsold 10,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $201.01, for a total value of $2,010,100.00. Following the transaction, the chief operating officer now directly owns 265,184 shares of the company’s stock, valued at approximately $53,304,635.84. The sale was disclosed in a legal filing with the SEC, which is available throughthe SEC website. In other Chubb news, COO John W. Keogh sold 10,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $201.01, for a total value of $2,010,100.00. Following the completion of the sale, the chief operating officer now owns 265,184 shares in the company, valued at approximately $53,304,635.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available atthis link. Also, insiderJohn J. Lupicasold 17,810 shares of the stock in a transaction 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 completion of the sale, the insider now owns 136,239 shares of the company’s stock, valued at approximately $29,803,643.64. The disclosure for this sale can be foundhere. In 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. A number of institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC grew its position in shares of Chubb by 16.8% during the third quarter. Belpointe Asset Management LLC now owns 1,998 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 287 shares in the last quarter. First Foundation Advisors grew its position in Chubb by 32.9% in the third quarter. First Foundation Advisors now owns 1,568 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 388 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in Chubb by 3.2% in the third quarter. Moneta Group Investment Advisors LLC now owns 8,916 shares of the financial services provider’s stock worth $1,856,000 after acquiring an additional 276 shares in the last quarter. Journey Advisory Group LLC grew its position in Chubb by 6.4% in the third quarter. Journey Advisory Group LLC now owns 6,577 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 394 shares in the last quarter. Finally, Penserra Capital Management LLC grew its position in Chubb by 49.3% in the third quarter. Penserra Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $1,469,000 after acquiring an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock. (Get 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. |
2024-11-16 | ETF Daily News | Phreesia (NYSE:PHR) Stock Price Up 10.4% | Phreesia, Inc. (NYSE:PHR–Get Free Report)’s share price rose 10.4% during trading on Tuesday . The company traded as high as $16.13 and last traded at $16.12. Approximately 27,452 shares were traded during trading, a decline of 94% from the average daily volume of 450,472 shares. The stock had previously closed at $14.60. PHR has been the subject of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $37.00 target price on shares of Phreesia in a report on Thursday, September 7th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Phreesia in a report on Thursday, September 7th. Canaccord Genuity Group decreased their price objective on Phreesia from $46.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, September 7th. Piper Sandler decreased their price objective on Phreesia from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Robert W. Baird decreased their price objective on Phreesia from $40.00 to $39.00 in a report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and eleven have issued 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 $37.15. View Our Latest Analysis on Phreesia 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 fifty day moving average of $17.06 and a 200 day moving average of $25.70. The company has a market capitalization of $881.70 million, a P/E ratio of -5.58 and a beta of 0.81. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.03. Phreesia (NYSE:PHR–Get Free Report) last released its quarterly earnings data on Wednesday, September 6th. The company reported ($0.68) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.03. Phreesia had a negative return on equity of 54.52% and a negative net margin of 47.75%. The company had revenue of $85.80 million during the quarter, compared to the consensus estimate of $85.26 million. During the same period last year, the company earned ($0.89) EPS. Phreesia’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities research analysts anticipate that Phreesia, Inc. will post -2.62 EPS for the current year. In other Phreesia news, COOEvan Robertssold 3,907 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $20.34, for a total transaction of $79,468.38. Following the completion of the sale, the chief operating officer now directly owns 747,831 shares in the company, valued at approximately $15,210,882.54. The transaction was disclosed in a filing with the SEC, which is available atthe SEC website. In related news, CEOChaim Indigsold 6,555 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $20.34, for a total transaction of $133,328.70. Following the completion of the transaction, the chief executive officer now directly owns 1,245,291 shares in the company, valued at approximately $25,329,218.94. The sale was disclosed in a filing with the SEC, which is available atthis hyperlink. Also, COOEvan Robertssold 3,907 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $20.34, for a total value of $79,468.38. Following the transaction, the chief operating officer now owns 747,831 shares of the company’s stock, valued at $15,210,882.54. The disclosure for this sale can be foundhere. Insiders sold a total of 29,610 shares of company stock worth $567,877 in the last three months. 5.80% of the stock is currently owned by company insiders. A number of hedge funds have recently made changes to their positions in PHR. Captrust Financial Advisors lifted its holdings in Phreesia by 154.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,426 shares of the company’s stock worth $36,000 after purchasing an additional 866 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Phreesia in the 1st quarter worth approximately $43,000. State of Wyoming lifted its holdings in Phreesia by 34.6% in the 2nd quarter. State of Wyoming now owns 1,918 shares of the company’s stock worth $59,000 after purchasing an additional 493 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Phreesia by 85.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,137 shares of the company’s stock worth $80,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in Phreesia in the 1st quarter worth approximately $127,000. 94.37% of the stock is currently owned by institutional investors. (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. |
2024-11-16 | ETF Daily News | Blend Labs, Inc. (NYSE:BLND) Insider Purchases $15,384.20 in Stock | Blend Labs, Inc. (NYSE:BLND–Get Free Report) insider Amir Jafari purchased 12,610 shares of Blend Labs stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $1.22 per share, with a total value of $15,384.20. Following the completion of the acquisition, the insider now owns 41,103 shares in the company, valued at $50,145.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed throughthis link. Amir Jafari also recently made the following trade(s): Shares ofBLND stockopened at $1.26 on Thursday. The stock’s 50 day simple moving average is $1.24 and its 200 day simple moving average is $1.13. The company has a debt-to-equity ratio of 34.81, a quick ratio of 7.69 and a current ratio of 7.69. Blend Labs, Inc. has a twelve month low of $0.53 and a twelve month high of $2.18. The company has a market capitalization of $308.59 million, a price-to-earnings ratio of -1.27 and a beta of 0.41. 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 recently issued reports on BLND shares. William Blair reiterated a “market perform” rating on shares of Blend Labs in a report on Wednesday, November 8th. Wells Fargo & Company lifted their price target on Blend Labs from $1.00 to $1.50 and gave the company an “equal weight” rating in a report on Thursday, August 10th. The Goldman Sachs Group lifted their price target on Blend Labs from $1.40 to $1.60 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $2.00 price objective on shares of Blend Labs in a research note on Wednesday, September 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Blend Labs currently has a consensus rating of “Hold” and a consensus price target of $1.56. Get Our Latest Stock Report on BLND Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Blend Labs by 418.5% in the 1st quarter. Royal Bank of Canada now owns 6,009 shares of the company’s stock worth $34,000 after buying an additional 4,850 shares during the period. Quantbot Technologies LP bought a new position in Blend Labs in the 1st quarter worth approximately $63,000. Walleye Capital LLC bought a new position in Blend Labs in the 2nd quarter worth approximately $28,000. Hsbc Holdings PLC bought a new position in Blend Labs in the 3rd quarter worth approximately $28,000. Finally, Jasper Ridge Partners L.P. bought a new position in Blend Labs in the 1st quarter worth approximately $75,000. 46.23% of the stock is owned by institutional investors. (Get Free Report) Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. |
2024-11-16 | ETF Daily News | Goosehead Insurance (NASDAQ:GSHD) Stock Price Down 2.2% Following Insider Selling | Goosehead Insurance, Inc (NASDAQ:GSHD–Get Free Report)’s share price dropped 2.2% on Tuesday after an insider sold shares in the company. The stock traded as low as $72.25 and last traded at $73.18. Approximately 146,864 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 264,716 shares. The stock had previously closed at $74.79. Specifically, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $68.83, for a total transaction of $3,441,500.00. Following the completion of the transaction, the insider now directly owns 132,349 shares in the company, valued at approximately $9,109,581.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis hyperlink. In other news, major shareholder Lanni Romney sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $76.34, for a total transaction of $572,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible throughthis link. Also, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $68.83, for a total value of $3,441,500.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at $9,109,581.67. The disclosure for this sale can be foundhere. In the last 90 days, insiders have sold 146,136 shares of company stock worth $10,047,304. 42.50% of the stock is currently owned by company insiders. Several equities analysts have recently issued reports on the company. BMO Capital Markets upgraded Goosehead Insurance from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, September 20th. Piper Sandler boosted their price target on shares of Goosehead Insurance from $76.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. UBS Group began coverage on shares of Goosehead Insurance in a report on Tuesday, October 17th. They issued a “buy” rating and a $84.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Goosehead Insurance from $72.00 to $80.00 in a research note on Thursday, July 27th. Finally, JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.00. 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 Research Report on Goosehead Insurance The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 160.47, a price-to-earnings-growth ratio of 3.65 and a beta of 1.22. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 12.15. The company’s 50 day moving average is $71.76 and its 200 day moving average is $65.37. Goosehead Insurance (NASDAQ:GSHD–Get Free Report) last posted its earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.15. Goosehead Insurance had a negative return on equity of 79.96% and a net margin of 4.31%. The business had revenue of $71.03 million for the quarter, compared to analysts’ expectations of $69.49 million. Research analysts anticipate that Goosehead Insurance, Inc will post 0.52 EPS for the current fiscal year. Several institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC grew its position in shares of Goosehead Insurance by 93.0% during the first quarter. Jump Financial LLC now owns 25,088 shares of the company’s stock worth $1,310,000 after acquiring an additional 12,088 shares during the last quarter. Signaturefd LLC grew its position in Goosehead Insurance by 100.9% during the 2nd quarter. Signaturefd LLC now owns 866 shares of the company’s stock worth $54,000 after purchasing an additional 435 shares during the last quarter. William Blair Investment Management LLC increased its stake in Goosehead Insurance by 51.3% in the first quarter. William Blair Investment Management LLC now owns 739,154 shares of the company’s stock valued at $38,584,000 after purchasing an additional 250,480 shares during the period. Arizona State Retirement System purchased a new stake in shares of Goosehead Insurance in the first quarter valued at about $304,000. Finally, Hodges Capital Management Inc. grew its holdings in shares of Goosehead Insurance by 15.9% during the second quarter. Hodges Capital Management Inc. now owns 64,122 shares of the company’s stock worth $5,989,000 after buying an additional 8,819 shares during the last quarter. (Get Free Report) Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services. |
2024-11-16 | ETF Daily News | Markel Group Inc. (NYSE:MKL) Director Buys $27,737.01 in Stock | Markel Group Inc. (NYSE:MKL–Get Free Report) Director Lawrence A. Cunningham acquired 21 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $1,320.81 per share, for a total transaction of $27,737.01. Following the completion of the purchase, the director now owns 504 shares in the company, valued at approximately $665,688.24. The acquisition was disclosed in a document filed with the SEC, which is accessible throughthis link. NYSE:MKLopened at $1,379.68 on Thursday. The stock’s fifty day moving average price is $1,459.97 and its two-hundred day moving average price is $1,419.35. Markel Group Inc. has a 52-week low of $1,186.56 and a 52-week high of $1,560.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 9.89 and a beta of 0.75. Several equities research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Markel Group from $1,550.00 to $1,400.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Jefferies Financial Group started coverage on Markel Group in a research report on Thursday, September 7th. They set a “buy” rating and a $1,750.00 price target on the stock.StockNews.comlowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada decreased their price target on Markel Group from $1,650.00 to $1,425.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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 ForeverGet Our Latest Analysis on Markel Group Several large investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Markel Group by 99,720.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 45,671,655 shares of the insurance provider’s stock worth $63,172,119,000 after buying an additional 45,625,901 shares in the last quarter. BlackRock Inc. lifted its holdings in Markel Group by 0.8% during the 1st quarter. BlackRock Inc. now owns 662,183 shares of the insurance provider’s stock worth $845,879,000 after buying an additional 5,003 shares in the last quarter. Morgan Stanley lifted its holdings in Markel Group by 3.2% during the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after buying an additional 16,597 shares in the last quarter. Berkshire Hathaway Inc lifted its holdings in Markel Group by 0.9% during the 1st quarter. Berkshire Hathaway Inc now owns 471,661 shares of the insurance provider’s stock worth $602,504,000 after buying an additional 4,050 shares in the last quarter. Finally, State Street Corp lifted its holdings in Markel Group by 1.7% during the 3rd quarter. State Street Corp now owns 303,717 shares of the insurance provider’s stock worth $329,296,000 after buying an additional 5,183 shares in the last quarter. Institutional investors and hedge funds own 76.96% of the company’s stock. (Get 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. |
2024-11-16 | ETF Daily News | MicroStrategy (NASDAQ:MSTR) Stock Price Down 2.3% on Insider Selling | Shares of MicroStrategy Incorporated (NASDAQ:MSTR–Get Free Report) traded down 2.3% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $486.41 and last traded at $493.38. 377,978 shares traded hands during trading, a decline of 51% from the average session volume of 765,377 shares. The stock had previously closed at $504.88. Specifically, CEOPhong Lesold 10,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $507.19, for a total value of $5,071,900.00. Following the sale, the chief executive officer now directly owns 458 shares in the company, valued at approximately $232,293.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthe SEC website. In other news, CEOPhong Lesold 10,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $507.19, for a total transaction of $5,071,900.00. Following the completion of the transaction, the chief executive officer now directly owns 458 shares of the company’s stock, valued at approximately $232,293.02. The transaction was disclosed in a legal filing with the SEC, which is available atthis hyperlink. Also, Director Jarrod M. Patten sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $323.51, for a total value of $323,510.00. The disclosure for this sale can be foundhere. 22.59% of the stock is owned by corporate insiders. Several equities research analysts recently commented on MSTR shares. TD Cowen initiated coverage on shares of MicroStrategy in a research note on Wednesday, July 26th. They set an “outperform” rating and a $520.00 price target on the stock. Canaccord Genuity Group lifted their target price on MicroStrategy from $513.00 to $554.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally,StockNews.comassumed coverage on MicroStrategy in a research report on Thursday, October 5th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $420.80. 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 MicroStrategy The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.59. The stock’s 50 day moving average is $376.15 and its 200 day moving average is $356.88. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 392.21 and a beta of 2.42. MicroStrategy (NASDAQ:MSTR–Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported ($8.98) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($9.72). The company had revenue of $129.46 million during the quarter, compared to analysts’ expectations of $126.00 million. MicroStrategy had a net margin of 17.91% and a return on equity of 28.10%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.96) earnings per share. Several institutional investors have recently added to or reduced their stakes in MSTR. DT Investment Partners LLC purchased a new position in shares of MicroStrategy in the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of 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 buying an additional 35 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of MicroStrategy in the third quarter valued at about $37,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at about $40,000. Finally, NBC Securities Inc. acquired a new position in MicroStrategy during the 3rd quarter worth approximately $41,000. 49.44% of the stock is currently owned by institutional investors and hedge funds. (Get 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. |
2024-11-16 | ETF Daily News | Lennar Co. (NYSE:LEN) VP David M. Collins Sells 10,000 Shares of Stock | Lennar Co. (NYSE:LEN–Get Free Report) VP David M. Collins sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the sale, the vice president now owns 37,060 shares in the company, valued at $4,817,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthe SEC website. Shares ofNYSE LENopened at $126.85 on Thursday. The business has a fifty day moving average price of $113.15 and a 200 day moving average price of $117.14. Lennar Co. has a 1-year low of $82.73 and a 1-year high of $133.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.66 and a quick ratio of 1.18. The stock has a market capitalization of $36.07 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.49. Lennar (NYSE:LEN–Get Free Report) last released its quarterly earnings results on Friday, September 15th. The construction company reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.39. The business had revenue of $8.73 billion for the quarter, compared to analysts’ expectations of $8.49 billion. Lennar had a net margin of 11.66% and a return on equity of 16.22%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $5.18 EPS. Equities research analysts expect that Lennar Co. will post 13.59 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th were issued a dividend of $0.375 per share. The ex-dividend date was Wednesday, October 11th. This represents a $1.50 annualized dividend and a dividend yield of 1.18%. Lennar’s dividend payout ratio is presently 11.12%. LEN has been the topic of a number of recent analyst reports.StockNews.comlowered Lennar from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Evercore ISI raised their price target on shares of Lennar from $161.00 to $164.00 in a research note on Monday, September 18th. Wedbush reissued a “neutral” rating and issued a $123.00 price objective on shares of Lennar in a research report on Monday, September 11th. Wells Fargo & Company lifted their price target on shares of Lennar from $123.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada increased their price objective on Lennar from $113.00 to $114.00 and gave the stock an “underperform” rating in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Lennar has an average rating of “Hold” and an average target price of $133.82. View Our Latest Stock Analysis on LEN Several institutional investors and hedge funds have recently added to or reduced their stakes in LEN. The Manufacturers Life Insurance Company grew its stake in shares of Lennar by 5.9% during the third quarter. The Manufacturers Life Insurance Company now owns 6,544,345 shares of the construction company’s stock worth $734,477,000 after acquiring an additional 366,983 shares during the last quarter. Sanders Capital LLC boosted its stake in Lennar by 3.5% in the 1st quarter. Sanders Capital LLC now owns 3,067,185 shares of the construction company’s stock worth $322,392,000 after purchasing an additional 102,601 shares in the last quarter. Smead Capital Management Inc. increased its stake in Lennar by 3.2% during the 1st quarter. Smead Capital Management Inc. now owns 3,057,384 shares of the construction company’s stock valued at $321,362,000 after purchasing an additional 94,694 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Lennar by 111.4% in the first quarter. Pacer Advisors Inc. now owns 2,467,501 shares of the construction company’s stock worth $259,359,000 after buying an additional 1,300,163 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Lennar by 551.1% during the first quarter. First Trust Advisors LP now owns 1,824,684 shares of the construction company’s stock worth $191,793,000 after buying an additional 1,544,432 shares during the period. 79.87% of the stock is currently owned by hedge funds and other institutional investors. (Get Free Report) Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. |
2024-11-16 | ETF Daily News | Intech Investment Management LLC Has $2.63 Million Stock Position in Norfolk Southern Co. (NYSE:NSC) | Intech Investment Management LLC reduced its position in shares of Norfolk Southern Co. (NYSE:NSC–Free Report) by 42.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,609 shares of the railroad operator’s stock after selling 8,596 shares during the quarter. Intech Investment Management LLC’s holdings in Norfolk Southern were worth $2,632,000 at the end of the most recent quarter. A number of other institutional investors have also added to or reduced their stakes in NSC. American National Bank raised its stake in Norfolk Southern by 143.5% during the 2nd quarter. American National Bank now owns 112 shares of the railroad operator’s stock worth $25,000 after buying an additional 66 shares during the period. Headlands Technologies LLC acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new position in Norfolk Southern during the 2nd quarter worth approximately $30,000. Worth Asset Management LLC purchased a new stake in shares of Norfolk Southern in the first quarter worth approximately $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Norfolk Southern in the first quarter worth approximately $42,000. 72.37% of the stock is owned by institutional investors and hedge funds. NYSE NSCopened at $207.02 on Thursday. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.75 and a beta of 1.29. The stock’s 50-day simple moving average is $197.48 and its two-hundred day simple moving average is $211.19. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 1.28. Norfolk Southern Co. has a twelve month low of $183.09 and a twelve month high of $261.71. 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 ForeverNorfolk Southern (NYSE:NSC–Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The railroad operator reported $2.65 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.09). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Norfolk Southern had a return on equity of 22.26% and a net margin of 16.96%. Research analysts forecast that Norfolk Southern Co. will post 11.81 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 3rd will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.61%. Norfolk Southern’s dividend payout ratio is currently 59.21%. Several analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Norfolk Southern from $223.00 to $201.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. BMO Capital Markets lowered their price objective on Norfolk Southern from $255.00 to $230.00 and set a “market perform” rating for the company in a research note on Thursday, October 26th. TD Cowen increased their price target on Norfolk Southern from $243.00 to $253.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Morgan Stanley decreased their price target on Norfolk Southern from $174.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. decreased their price target on Norfolk Southern from $279.00 to $245.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus target price of $237.15. View Our Latest Analysis on Norfolk Southern (Free Report) Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. |
2024-11-16 | ETF Daily News | Wintrust Investments LLC Increases Stock Holdings in Norfolk Southern Co. (NYSE:NSC) | Wintrust Investments LLC lifted its stake in shares of Norfolk Southern Co. (NYSE:NSC–Free Report) by 48.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,287 shares of the railroad operator’s stock after purchasing an additional 1,722 shares during the quarter. Wintrust Investments LLC’s holdings in Norfolk Southern were worth $1,199,000 at the end of the most recent quarter. Several other hedge funds have also recently modified their holdings of the stock. American National Bank boosted its position in shares of Norfolk Southern by 143.5% during the 2nd quarter. American National Bank now owns 112 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Norfolk Southern during the second quarter worth about $26,000. Worth Asset Management LLC acquired a new position in Norfolk Southern during the first quarter worth about $30,000. Nemes Rush Group LLC purchased a new position in Norfolk Southern in the second quarter valued at about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Norfolk Southern during the 1st quarter valued at approximately $42,000. 72.37% of the stock is owned by institutional investors and hedge funds. Several research firms recently weighed in on NSC. Citigroup dropped their price objective on Norfolk Southern from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Wells Fargo & Company cut their price target on Norfolk Southern from $245.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. TD Cowen increased their price objective on shares of Norfolk Southern from $243.00 to $253.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Barclays cut their target price on shares of Norfolk Southern from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. Finally, Royal Bank of Canada lowered their price target on shares of Norfolk Southern from $223.00 to $201.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $237.15. 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 Norfolk Southern Norfolk Southern stockopened at $207.02 on Thursday. The stock has a fifty day moving average price of $197.48 and a 200 day moving average price of $211.19. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.28. Norfolk Southern Co. has a 52 week low of $183.09 and a 52 week high of $261.71. The firm has a market capitalization of $46.81 billion, a P/E ratio of 22.70, a PEG ratio of 2.75 and a beta of 1.29. Norfolk Southern (NYSE:NSC–Get Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The railroad operator reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.09). Norfolk Southern had a net margin of 16.96% and a return on equity of 22.26%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.94 billion. Equities research analysts anticipate that Norfolk Southern Co. will post 11.81 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 3rd will be issued a $1.35 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.61%. Norfolk Southern’s dividend payout ratio (DPR) is presently 59.21%. (Free Report) Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. |
2024-11-16 | ETF Daily News | Penobscot Investment Management Company Inc. Has $773,000 Stock Position in Arthur J. Gallagher & Co. (NYSE:AJG) | Penobscot Investment Management Company Inc. grew its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG–Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,520 shares of the financial services provider’s stock after acquiring an additional 390 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Arthur J. Gallagher & Co. were worth $773,000 at the end of the most recent quarter. A number of other institutional investors also recently made changes to their positions in AJG. WealthPlan Investment Management LLC bought a new stake in Arthur J. Gallagher & Co. in the 1st quarter valued at $28,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Arthur J. Gallagher & Co. in the first quarter valued at about $29,000. ZRC Wealth Management LLC bought a new position in Arthur J. Gallagher & Co. during the first quarter worth about $29,000. Larson Financial Group LLC boosted its holdings in Arthur J. Gallagher & Co. by 89.9% in the 2nd quarter. Larson Financial Group LLC now owns 131 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 62 shares during the period. Finally, Milestone Investment Advisors LLC bought a new position in shares of Arthur J. Gallagher & Co. during the first quarter worth approximately $38,000. Institutional investors own 81.15% of the company’s stock. Shares ofAJGopened at $240.71 on Thursday. The firm has a market cap of $51.97 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 2.13 and a beta of 0.69. Arthur J. Gallagher & Co. has a fifty-two week low of $174.45 and a fifty-two week high of $249.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50-day moving average of $234.12 and a 200 day moving average of $222.41. 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 ForeverArthur J. Gallagher & Co. (NYSE:AJG–Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.06. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.43 billion. Arthur J. Gallagher & Co. had a net margin of 11.76% and a return on equity of 18.46%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.72 earnings per share. As a group, research analysts forecast that Arthur J. Gallagher & Co. will post 8.79 EPS for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, November 30th. Arthur J. Gallagher & Co.’s payout ratio is currently 42.15%. In other Arthur J. Gallagher & Co. news, CFODouglas K. Howellsold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $225.99, for a total value of $6,779,700.00. Following the completion of the transaction, the chief financial officer now owns 164,371 shares in the company, valued at approximately $37,146,202.29. The sale was disclosed in a filing with the SEC, which can be accessed throughthe SEC website. In other Arthur J. Gallagher & Co. news, VP William F. Ziebell sold 20,067 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $241.22, for a total value of $4,840,561.74. Following the sale, the vice president now owns 35,228 shares of the company’s stock, valued at approximately $8,497,698.16. The transaction was disclosed in a legal filing with the SEC, which is accessible throughthis hyperlink. Also, CFO Douglas K. Howell sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $225.99, for a total value of $6,779,700.00. Following the transaction, the chief financial officer now directly owns 164,371 shares of the company’s stock, valued at approximately $37,146,202.29. The disclosure for this sale can be foundhere. In the last three months, insiders have sold 96,926 shares of company stock worth $22,505,073. 1.40% of the stock is owned by company insiders. A number of equities research analysts have issued reports on AJG shares. Argus increased their price objective on shares of Arthur J. Gallagher & Co. from $232.00 to $264.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Arthur J. Gallagher & Co. in a research report on Wednesday, October 4th. They set a “buy” rating and a $277.00 price target on the stock. Royal Bank of Canada increased their price target on Arthur J. Gallagher & Co. from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, September 14th. Raymond James upped their target price on shares of Arthur J. Gallagher & Co. from $255.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Monday, September 18th. Finally, Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $237.00 to $261.00 and gave the company an “overweight” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.71. View Our Latest Analysis on Arthur J. Gallagher & Co. (Free Report) Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises. |
2024-11-16 | GlobeNewswire | Guardian Capital Announces November 2023 Distributions for Guardian Capital ETFs | TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Guardian Capital LP announces the following regular cash distributions for the period ending November 30, 2023, in respect of the ETF series of the Guardian Capital funds listed below (the “Guardian Capital ETFs”). In each case, the distribution will be paid on November 30, 2023 to unitholders of record on November 24, 2023. The ex-dividend date in each case is November 23, 2023, with the exception of Guardian Ultra-Short Canadian T-Bill Fund and Guardian Ultra-Short U.S. T-Bill Fund which have an ex-dividend date of November 24, 2023. About Guardian Capital LPGuardian Capital LP is the manager and portfolio manager of the Guardian Capital Funds and Guardian Capital ETFs, with capabilities that span a range of asset classes, geographic regions and specialty mandates. Additionally, Guardian Capital LP manages portfolios for institutional clients such as defined benefit and defined contribution pension plans, insurance companies, foundations, endowments and investment funds. Guardian Capital LP is a wholly owned subsidiary of Guardian Capital Group Limited and the successor to its original investment management business, which was founded in 1962. For further information on Guardian Capital LP, please call 416-350-8899 or visitwww.guardiancapital.com. About Guardian Capital Group LimitedGuardian Capital Group Limited (Guardian) is a global investment management company servicing institutional, retail and private clients through its subsidiaries. As at September 30, 2023, Guardian had C$56.2 billion of total client assets while managing a proprietary investment portfolio with a fair market value of C$1.28 billion. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of authenticity, integrity, stability and trustworthiness have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visitwww.guardiancapital.com. For further information, please contact:Angela ShimAShim@guardiancapital.com Unlike traditional exchange traded funds (“ETFs”), the GuardPath™Managed Decumulation 2042 Fund (the “GuardPath ETF”) is a unique investment fund structure and investors should carefully consider whether their financial condition and investment objectives are aligned with this retirement-focused investment.The GuardPath ETF may be suitable for an investor primarily concerned about having sufficient income in retirement, especially in the later years of their life. It may not be suitable for an investor whose primary objective is to leave capital behind for their estate. The GuardPath ETF is not an insurance company, nor an insurance or annuity contract and unitholders will not have the protections of insurance laws. Distributions provided by the GuardPath ETF are not guaranteed or backed by an insurance company or any third party. The long-term total return and the sustainability of the rate of distributions of the GuardPath ETF may be impacted by volatility and sequence of returns risk. This is not a complete list of the risks associated with an investment in the GuardPath ETF. Please refer to the prospectus of the GuardPath ETF for details. This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase Guardian Capital ETFs and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in the Guardian Capital ETFs. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the Toronto Stock Exchange (“TSX”). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. ETF and mutual fund securities, including units of the Guardian Capital ETFs, are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the Guardian Ultra-Short Canadian T-Bill Fund or the Guardian Ultra-Short U.S. T-Bill Fund will be able to maintain the net asset value per unit of the mutual fund units at a constant amount or that the full amount of your investment in the Guardian Capital ETFs will be returned to you. All trademarks, registered and unregistered, are owned by Guardian Capital Group Limited and are used under licence. _____________________________ 1Guardian Directed Equity Path ETF and Guardian Directed Premium Yield ETF were merged into Guardian Directed Equity Path Portfolio and Guardian Directed Premium Yield Portfolio, respectively, on November 3, 2023. This distribution covers the period since November 6, 2023, the date the ETF units commenced trading on the Toronto Stock Exchange. Subsequent distributions will be made on a monthly basis. |
2024-11-16 | GlobeNewswire | Churchill Resources Commences 5,000m Drilling at Taylor Brook; Completes $2,600,000 Private Placement | TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce that drilling has commenced on the planned 5,000m program at its Taylor Brook Ni-Co-Cu project in western Newfoundland, Canada. The Company has also completed the second and final tranche of its previously announced, upsized non-brokered private placement of units of the Company (the “Units”) raising gross proceeds of $2,600,000 (the“Private Placement”). Drilling is Underway at Taylor Brook Churchill’s previously announced 5,000m drilling program has commenced at Taylor Brook. MCL Drilling of Deer Lake, Newfoundland and Labrador, is currently at site with one rig and drilling has started with hole TB23-06E, one of five holes planned thus far targeting resistivity low features at depths of between 175m and 625m below surface. Please refer to Churchill’s October 26, 2023 press release for more details. Geophysical Surveying and Other Fieldwork Continues Targeting for Churchill’s drill program is expected to be further refined by ongoing CSAMT surveys and other field work running in parallel as drilling proceeds: Paul Sobie, CEO of Churchill, said: “We are searching for district-scale, high-grade (and high tenor) Ni-Co-Cu sulphide systems; our results to date reinforce that Taylor Brook is a target-rich environment with enormous potential. For the first time at Layden, drilling at depth will test substantial conductor targets beneath known high grade nickel sulphide mineralization, hosted by similar and related magmatic rock. Across the Taylor Brook property, our geophysical surveying and other field work will continue in parallel as drilling proceeds, including advancing the LIT-1 and TBSL-1 anomalies to drill targets, as well as identifying new targets for follow-up along the entire prospective corridor.” The Private Placement The Private Placement consisted of the sale of 52,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,600,000, of which 40,000,000 Units were offered and sold pursuant to tranche two of the Private Placement, each Unit comprised of one common share of Churchill (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one common share at a price of $0.15 at any time prior to the date which is two years following the completion of the Private Placement. The Company intends to use the proceeds of the Private Placement for exploration activities on the Company’s key projects located in Newfoundland & Labrador and general corporate purposes. The Securities issued pursuant to the Private Placement are subject to a statutory holder period of four months and one day. Early Warning Disclosure An early warning report will be filed in connection with the Private Placement by Mr. Malik Easah, who acquired 20,000,000 Units in the second tranche for investment purposes. Prior to the completion of the Private Placement, Mr Easah held, directly or indirectly, and/or had control or direction over an aggregate of 3,791,000 common shares, representing 3.72% on a non-diluted basis and partially diluted basis. Upon completion of the Private Placement, Mr Easah holds directly or indirectly, and/or has control and direction over 23,791,000 common shares and 10,000,000 common share purchase warrants, representing 16.76% of the outstanding common shares of the Company on a non-diluted basis. Mr Easah has also entered into a contractual lock-up with the Company which would prevent the exercise of any of the Warrants acquired pursuant to the Private Placement if such exercise would result in Mr Easah owning, or exercising control or direction over, at least 20% of the issued and outstanding Common Shares on a non-diluted basis. Depending on market conditions, general economic and industry conditions, the Company’s business and financial condition, and/or other relevant factors, Mr. Easah may increase or decrease his beneficial ownership of securities of the Company through market transactions, private agreements, or otherwise. A copy of the early warning report filed will be available under the Company’s profile atwww.sedar.com. About Churchill Resources Inc. Churchill Resources Inc. is a Canadian exploration company focused on high grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland & Labrador. The Churchill management team, board and its advisors have decades of combined management experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill’s Taylor Brook and Florence Lake projects have the potential to benefit from the province’s large and diversified minerals industry, which includes world class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise. The province was recently ranked 4th in the world for investment attractiveness by the Fraser Institute in its 2022 annual survey of mining and exploration companies. The technical and scientific information in this news release has been reviewed and approved by Dr. Derek H.C Wilton, P.Geo., FGC who is a “qualified person” as defined under National Instrument 43-101 –Standards of Disclosure for Mineral Projectsand independent of the Company. Further Information For further information regarding Churchill, please contact: Churchill Resources Inc.Paul Sobie, Chief Executive OfficerTel. +1 416.365.0930 (o)+1 647.988.0930 (m)Email psobie@churchillresources.com Alec Rowlands, Corporate ConsultantTel. +1 416.721.4732 (m)Email arowlands@churchillresources.com Cautionary Note Regarding Forward Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, the intended us of proceeds from the Private Placement, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company’s properties; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management’s discussion and analysis of the Company. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. |
2024-11-16 | GlobeNewswire | 91% of banks and insurers have initiated their cloud journey, yet many are unable to realize full business value | Press Contact:Fahd PashaTel.: +1 647 860 3777E-mail:Fahd.Pasha@capgemini.com 91% of banks and insurers have initiated their cloud journey, yet many are unable to realize full business value Paris, November 16, 2023 – The inaugural Capgemini Research Institute’sWorld Cloud Report –Financial Services, published today, reveals 91% of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37% of firms had embarked on their cloud transformations. However, this high rate and its corresponding investment does not translate to effective cloud adoption at scale. More than 50% of firms surveyed have only moved a minimal portion of their core business applications to the cloud. Today, 89% of financial services executives believe that a cloud-enabled platform is crucial for delivering the agility, flexibility, innovation, and productivity necessary to meet escalating business demands. Yet, most firms are still not cloud-native1and instead tend to opt for a “lift and shift”2approach that hinders the full benefits of cloud-based systems’ scalability and flexibility advantages. Implementing cloud at scale is critical to harvest full value of AI investmentsNearly two-in-three financial services firms (62%) have started using artificial intelligence (AI), with a target to utilize it across the full value chain in the next two years. Despite their potential, AI, including generative AI and machine learning technologies, are yet to be used at scale in the financial services industry and therefore are having limited impact. The research found that to date much of the cloud investments have been applied towards modern, user-friendly, AI-based, customer-facing applications. Fewer investments are made in back-end core processing systems that are providing inputs to consumer-facing front end applications, resulting in a poor overall user experience. According to the report, the migration of internal core systems to suitable cloud-enabled ecosystems and platforms is critical to unlock the complete potential and efficiency of AI and generative AI. In return, this will spark the emergence of a wider range of business growth opportunities over the coming years. Today, in banking and insurance, firms are testing their generative AI use cases across customer onboarding, credit analysis, financial planning, policy renewals and to support client servicing models. Cloud plays a pivotal role in driving ESG impactWith 95% of firms now factoring ESG impact into all key investment decisions, the cloud also has a pivotal role to play in aiding the industry’s effective management of ESG reporting to help achieve their sustainability goals. It can equip them with essential ESG impact measurement tools, as seen by 51% of financial services firms citing improved transparency and reporting measures. Cloud providers are starting to develop solutions that can track and report scope 1, 2 and 3 level emissions, offering comprehensive visibility into a firm’s carbon footprint across business functions and products. “For today’s financial services organization, ignoring the cloud is simply not an option. Moving to the cloud requires looking beyond a cost-savings approach and being centered around driving innovation to gain a competitive edge,” said Ravi Khokhar, Global Head of Cloud for Financial Services at Capgemini.“As companies race to adapt and implement generative AI, they need to be mindful that there will be no future AI benefits to be realized without cloud-enabled systems. By defining and establishing an effective cloud target operating model at scale, the full potential of these transformational new technologies can be harnessed.” Risk management and customer relationship management dominate cloud migration prioritiesIndustry executives surveyed in this report across health insurance, life insurance, capital markets, payments, retail banks and wealth management, identify risk management and customer relationship management (CRM) amongst their top three areas ripe for early cloud adoption. In wealth management, over half (60%) cite benefits in relying on cloud-enabled fraud detection techniques to make data-driven risk-management decisions. Likewise, more than one-third of retail banking executives (39%) emphasize transitioning complex credit risk management to the cloud to shorten loan processing decision time, through cloud-enabled automated processes and integrated analytics. Insurers are exploring data-driven personalized value-added services, such as roadside assistance, to align with evolving customer preferences. Among life insurance executives, customer relationship management (55%) stands out as the highest priority for their cloud journey. Data security and cost challenges constrain effective cloud adoption at scaleDespite significant advantages, industry executives express concerns about the challenges associated with cloud migration. Two-thirds (68%) identify data security as a barrier to adopting cloud solutions, while 51% point to high operational and transformation costs as potential obstacles. An additional 45% mention regulations, such as data sovereignty, as another factor that may pose challenges. Recently, the Digital Operational Resilience Act (DORA) mandated that financial institutions subject to European Union (EU) regulations must rigorously implement, document, and uphold the requisite systems, protocols, and tools to provide sufficient reliability, capacity, and resilience. Sovereign cloud, which provides secure and independent cloud computing infrastructure to countries to help them ensure data privacy and sovereignty, is therefore fast becoming a common deployment option. To address these concerns, 39% of executives reported a preference to leverage public cloud, 49% prefer private cloud, and the remaining 12% think hybrid cloud is the best option. Report MethodologyThe World Cloud Report for Financial Services 2023 cites global data and analysis of two primary research surveys as well as more than 30 interviews with FS executives and hyperscalers / cloud technology providers; it also took input from Capgemini’s subject matter experts across more than 20 countries. The two surveys polled financial services industry (FSI) and technology ecosystem respondents. The report focused on four global regions and 14 markets within those regions – the United States, Canada, the UK, France, Germany, Spain, the Netherlands, the United Arab Emirates, Singapore, Hong Kong, Japan, China, India, and Australia. About CapgeminiCapgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided every day by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 350,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering, and platforms. The Group reported in 2022 global revenues of €22 billion.Get The Future You Want |www.capgemini.com About the Capgemini Research InstituteThe Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital and their impact across industries. It is the publisher of Capgemini’s flagship World Report Series for over 25 years with dedicated focus for Financial Services and publishes thought leadership on digitalization, innovation, technology and business trends that affect banks, wealth management firms, and insurers across the globe. Independent agency rated a recent World Retail Banking Report, published by the Institute, as one of the top 10 publications among consultancy and technology firms globally.Visit us athttps://worldreports.capgemini.com 1Cloud native applications are those which are designed to reside in the cloud from the start, enabling organizations to leverage greater agility and resilience2In the lift and shift approach the application and associated data are “lifted” from the existing environments and “shifted” as-is to the cloud, with minimal or no changes Attachment |
2024-11-16 | GlobeNewswire | Aegon’s trading update for third quarter 2023 | Please clickhereto access all 3Q 2023 Trading Update related documentsThe Hague, November 16, 2023 - Continued commercial momentum in US business and increased capital generation Lard Friese, Aegon CEO, commented:“For the third quarter in a row, we saw continued commercial momentum in the US and strong overall operating capital generation which benefited from exceptional items. We expect the full-year 2023 operating capital generation from the units to be around EUR 1.2 billion; up from the previous guidance of more than EUR 1.0 billion. I am proud of what the teams have achieved so far and would like to express my gratitude to my colleagues for all of their hard work. As outlined at our Capital Markets Day 2023 in June, a key strategic focus is to ensure that our US business, Transamerica, reaches its full potential. In the third quarter, Transamerica’s Strategic Assets have continued to deliver growth. Individual Solutions generated new life sales of USD 118 million, an increase of 10% compared with the prior year period. World Financial Group’s (WFG) sales force grew by 17% compared with a year earlier to almost 70,000 licensed agents. Workplace Solutions more than doubled its written sales of mid-sized retirement plans to USD 1.8 billion compared with the same period last year. We expect that this progress in the middle market will translate into higher gross deposits in the coming quarters. These are important achievements in our ambition to build America’s leading middle market life insurance and retirement company. Our joint venture in Brazil, Mongeral Aegon Group, also delivered strong growth, with new life sales almost doubling to EUR 49 million compared with the year ago period. This follows our recent investment that increased Aegon’s economic ownership of Mongeral Aegon Group to almost 60%. Results at Aegon’s UK Retail business continued to be affected by reduced customer activity because of the current macro-economic environment, as well as an industry-wide reduction of transfers from defined benefit to defined contribution pensions. Our UK Workplace segment saw continued high levels of inflows due to the onboarding of new schemes and higher net deposits on existing schemes. However, these were more than offset by the departure of a large, low margin pension scheme. While results at Aegon Asset Management (Aegon AM) continued to be affected by adverse investor sentiment across the industry, we did see positive net flows at our Chinese asset management partnership. We are adapting to the reality of current market conditions and have taken cost reduction measures in our Global Platform business that we expect will improve Aegon AM’s performance. In addition, as a result of its asset management partnership with a.s.r., Aegon AM has further strengthened its leading positions in Alternative Fixed Income and Retirement Investment Solutions in the Netherlands. Transamerica continued to reduce its exposure to Financial Assets and to improve the level and predictability of its capital generation. A clear example is the ongoing program of purchasing institutionally owned universal life policies to reduce the mortality risk of the portfolio. At the end of the third quarter, 20% of the face value of this book had been purchased, which is half of the amount targeted by 2027. Finally, at the end of September, Aegon moved its legal seat to Bermuda and in doing sobecame a Bermuda entity: Aegon Ltd. Following this, responsibility for Aegon’s group supervision moved to the Bermuda Monetary Authority. As we move to the fourth quarter, our continued commercial performance and operating capital generation provides Aegon with a solid basis as it continues with the next chapter of its transformation. And, while many things have recently changed in our company, our focus remains the same: delivering value to all of our customers, shareholders and other stakeholders.” Additional information PresentationThe conference call presentation is available onaegon.comas of 7.00 am CET. SupplementsAegon’s third quarter 2023 Trading Update Supplement and other supplementary documents are available onaegon.com. Conference call including Q&AThe conference call starts at 9:00 am CET, with an audio webcast on aegon.com. To join the conference call and/or participate in the Q&A, you will need to register via the followingregistration link. Directly after registration you will see your personal pin on the confirmation screen and additionally you will receive an email with the call details and again your personal pin to enter the conference call. To avoid any unforeseen connection issues, it’s recommended to make use of the ‘call me’ option. Two hours after the conference call, a replay will be available on aegon.com. Click to joinWith ‘Call me’, there’s no need to dial-in. Simply click the followingregistration linkand select the option ‘Call me’.Enter your information and you will be called back to directly join the conference. The link becomes active 15 minutes prior to the scheduled start time. Should you wish not to use the ‘click to join’ function, dial-in numbers are also available. Dial-in numbers for conference callUnited States: +1 864 991 4103 (local)United Kingdom: +44 808 175 1536 (toll-free)The Netherlands: +31 800 745 8377 (toll-free)The Netherlands: +31 970 102 86838 (toll) Passcode: you will receive a personal pin uponregistration.Financial calendar 2023/2024Second half 2023 results – March 1, 2024First quarter 2024 trading update – May 16, 2024Annual General Meeting – June 12, 2024First half 2024 results – August 22, 2024 The conference call and Q&A can be followed via a live audiowebcaston our website. About AegonAegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection and retirement solutions. Its portfolio of businesses includes fully owned subsidiaries in the US, UK and a global asset manager. In addition, Aegon has partnerships in Spain & Portugal, Brazil, and China, which create value by combining strong local partners with Aegon’s international expertise. In the Netherlands, Aegon generates value via a strategic shareholding in a market leading insurance and pensions company. Aegon's purpose ofhelping people live their best livesruns through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found ataegon.com. Contacts Currency exchange ratesThis document contains certain information about Aegon’s results, financial condition and revenue generating investments presented in USD for the Americas and in GBP for the United Kingdom, because those businesses operate and are managed primarily in those currencies. None of this information is a substitute for or superior to financial information about Aegon presented in EUR, which is the currency of Aegon’s primary financial statements. Forward-looking statementsThe statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following: This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2022 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. World Financial Group (WFG)WFG consists of:In the United States,World Financial Group Insurance Agency, LLC (in California, doing business as World Financial Insurance Agency, LLC), World Financial Group Insurance Agency of Hawaii, Inc., World Financial Group Insurance Agency of Massachusetts, Inc., and / or WFG Insurance Agency of Puerto Rico, Inc. (collectively WFGIA), which offer insurance and annuity products.In the United States,Transamerica Financial Advisors, Inc. is a full-service, fully licensed, independent broker-dealer and registered investment advisor. Transamerica Financial Advisors, Inc. (TFA), Member FINRA, MSRB, SIPC, and registered investment advisor, offers securities and investment advisory services.In Canada,World Financial Group Insurance Agency of Canada Inc. (WFGIAC), which offers life insurance and segregated funds. WFG Securities Inc. (WFGS), which offers mutual funds. WFGIAC and WFGS are affiliated companies. Attachment |
2024-11-16 | ETF Daily News | Cetera Advisors LLC Acquires 928 Shares of International Business Machines Co. (NYSE:IBM) | Cetera Advisors LLC lifted its holdings in shares of International Business Machines Co. (NYSE:IBM–Free Report) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,083 shares of the technology company’s stock after purchasing an additional 928 shares during the quarter. Cetera Advisors LLC’s holdings in International Business Machines were worth $10,983,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Alliance LLC acquired a new position in International Business Machines in the 2nd quarter valued at $25,000. Live Oak Investment Partners acquired a new stake in shares of International Business Machines during the 4th quarter worth $30,000. GW&K Investment Management LLC acquired a new position in International Business Machines in the first quarter valued at about $33,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in International Business Machines during the second quarter worth about $34,000. Finally, Pacific Center for Financial Services acquired a new stake in International Business Machines during the first quarter worth about $41,000. 56.16% of the stock is currently owned by institutional investors and hedge funds. Shares ofIBM stockopened at $153.19 on Thursday. The business’s 50-day moving average price is $144.11 and its 200-day moving average price is $138.48. International Business Machines Co. has a 12 month low of $120.55 and a 12 month high of $153.22. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $139.88 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 4.07 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 EPS for the quarter, topping the consensus estimate of $2.12 by $0.08. International Business Machines had a net margin of 11.32% and a return on equity of 38.51%. The business had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.73 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Co. will post 9.37 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Friday, November 10th will be given a dividend of $1.66 per share. This represents a $6.64 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, November 9th. International Business Machines’s dividend payout ratio (DPR) is presently 88.06%. IBM has been the topic of several recent analyst reports. Wedbush reissued a “neutral” rating and issued a $140.00 target price on shares of International Business Machines in a report on Monday.StockNews.comcut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Bank of America raised their target price on International Business Machines from $152.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 20th. 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 report on Thursday, October 26th. Finally, BMO Capital Markets upped their price objective on International Business Machines from $152.00 to $155.00 and gave the stock a “market perform” rating in a research report on Thursday, October 26th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $149.09. Read Our Latest Stock Analysis on IBM (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). |
2024-11-16 | Globalsecurity.org | Australian Intelligence Report Identifies China as Major Backer of Cyber Crime | By Phil Mercer November 15, 2023 Australia's digital spy agency has identified China as the major backer of serious hacking against Australian companies and critical infrastructure. The Australian Signals Directorate, or ASD, Wednesday released its cyber threat report for the past year. It stated that serious attacks on federal government agencies or critical infrastructure that led to the "extensive compromise" of sensitive data have increased from two to five in the past year. The ASD report identifies China as a major conspirator, followed by Russia and Iran. In the community, more Australians are reporting being targeted by cyber criminals. Almost 94,000 reports of cyber crime were made to law enforcement agencies by individuals and businesses across the country, a rise of 23 percent from the previous year. The period of review includes last year's high-profile breaches at Australia's second-largest telecommunications company, Optus, and its biggest health insurance firm, Medibank. The ASD is also working with port operator DP World, whose computer systems were infiltrated by unknown or unidentified hackers, causing the closure of major Australian ports over the weekend. Richard Marles, Australia's deputy prime minister and defense minister, told the Australian Broadcasting Corporation Wednesday that the government is boosting its efforts to deter foreign-based hackers. "From a government point of view, we are seeing state actors showing more interest in our critical infrastructure and so, you know, we are investing $10 billion (Australian) dollars over 10 years to the Australian Signals Directorate, which effectively sees a doubling in its size to bolster our cyber capacity, to bolster our cyber defenses," he said. Marles acknowledged that while China is Australia's largest trading partner, it is also "a source of security anxiety for our country." In May, Australia joined its Five Eyes intelligence sharing network, which includes the United States and Britain, in identifying China as responsible for cyber attacks on infrastructure in the U.S. Canada and New Zealand are also part of the alliance. So far, there has been no response from authorities in Beijing over the claims of China's complicity in global cyber attacks. The ASD report also highlighted the actions of Russian criminals during the war in Ukraine as an example of state-supported cyber attacks. It states, "Destructive malware was...used against critical infrastructure in Ukraine." |
2024-11-16 | ETF Daily News | Canada Pension Plan Investment Board Sells 155,600 Shares of International Paper (NYSE:IP) | Canada Pension Plan Investment Board trimmed its holdings in International Paper (NYSE:IP–Free Report) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 594,496 shares of the basic materials company’s stock after selling 155,600 shares during the period. Canada Pension Plan Investment Board’s holdings in International Paper were worth $18,911,000 as of its most recent filing with the Securities and Exchange Commission. A number of other large investors have also recently made changes to their positions in IP. Desjardins Global Asset Management Inc. lifted its position in shares of International Paper by 45.5% during the first quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of International Paper by 3.0% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 10,304 shares of the basic materials company’s stock valued at $328,000 after purchasing an additional 300 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of International Paper by 2.5% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,974 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 311 shares in the last quarter. Fiduciary Trust Co. lifted its position in shares of International Paper by 4.6% during the second quarter. Fiduciary Trust Co. now owns 7,188 shares of the basic materials company’s stock valued at $229,000 after purchasing an additional 316 shares in the last quarter. Finally, MAI Capital Management lifted its position in shares of International Paper by 1.1% during the first quarter. MAI Capital Management now owns 30,333 shares of the basic materials company’s stock valued at $1,094,000 after purchasing an additional 324 shares in the last quarter. 80.78% of the stock is owned by institutional investors. A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of International Paper from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 31st. UBS Group lowered their price objective on shares of International Paper from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 19th. Truist Financial raised shares of International Paper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $43.00 in a research report on Thursday, September 21st.StockNews.comlowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Jefferies Financial Group lowered their price objective on shares of International Paper from $33.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, International Paper has an average rating of “Hold” and a consensus target price of $36.89. 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 Analysis on IP IPopened at $34.07 on Thursday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 46.04 and a beta of 1.05. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $34.25 and a 200-day moving average price of $33.24. International Paper has a twelve month low of $29.00 and a twelve month high of $41.89. International Paper (NYSE:IP–Get Free Report) last posted its earnings results on Thursday, October 26th. The basic materials company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.81 billion. International Paper had a net margin of 1.31% and a return on equity of 10.79%. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. Equities analysts expect that International Paper will post 2.11 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.85 annualized dividend and a yield of 5.43%. International Paper’s dividend payout ratio is currently 250.00%. (Free Report) International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company's Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. Want to see what other hedge funds are holding IP?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for International Paper (NYSE:IP–Free Report). |
2024-11-16 | ETF Daily News | Canada Pension Plan Investment Board Sells 107,350 Shares of The Travelers Companies, Inc. (NYSE:TRV) | Canada Pension Plan Investment Board trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV–Free Report) by 54.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 89,370 shares of the insurance provider’s stock after selling 107,350 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Travelers Companies were worth $15,520,000 at the end of the most recent reporting period. Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Travelers Companies by 569.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,579,476 shares of the insurance provider’s stock worth $60,732,000 after purchasing an additional 2,193,923 shares during the last quarter. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $239,875,000. Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 17,864.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 698,799 shares of the insurance provider’s stock worth $119,781,000 after purchasing an additional 694,909 shares in the last quarter. Barclays PLC lifted its holdings in Travelers Companies by 215.5% in the 2nd quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock worth $159,378,000 after purchasing an additional 626,837 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Travelers Companies by 19.6% in the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after purchasing an additional 539,294 shares in the last quarter. 81.12% of the stock is currently owned by institutional investors. TRVopened at $169.57 on Thursday. The business has a fifty day moving average of $165.41 and a 200 day moving average of $169.76. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $194.51. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $38.73 billion, a P/E ratio of 18.35, a PEG ratio of 1.52 and a beta of 0.58. 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 ForeverTravelers Companies (NYSE:TRV–Get Free Report) last posted its quarterly earnings data on Wednesday, October 18th. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.98). Travelers Companies had a net margin of 5.45% and a return on equity of 10.41%. The business had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.42 billion. During the same quarter in the previous year, the firm earned $2.20 EPS. Travelers Companies’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 11.1 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 7th. Travelers Companies’s dividend payout ratio is 43.29%. A number of research analysts recently commented on TRV shares. Deutsche Bank Aktiengesellschaft started coverage on Travelers Companies in a report on Wednesday, October 4th. They issued a “hold” rating and a $186.00 price target on the stock. Wells Fargo & Company reduced their price objective on Travelers Companies from $185.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 17th. Citigroup lifted their price objective on Travelers Companies from $181.00 to $185.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Morgan Stanley reduced their price objective on Travelers Companies from $185.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Finally,StockNews.cominitiated coverage on Travelers Companies in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $191.17. Check Out Our Latest Analysis on Travelers Companies In other Travelers Companies news, EVPAndy F. Bessettesold 3,797 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $169.38, for a total value of $643,135.86. Following the completion of the sale, the executive vice president now directly owns 13,005 shares in the company, valued at approximately $2,202,786.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthis link. Company insiders own 1.29% of the company’s stock. (Free Report) The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Want to see what other hedge funds are holding TRV?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV–Free Report). |
2024-11-16 | ETF Daily News | Canada Pension Plan Investment Board Increases Holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG) | Canada Pension Plan Investment Board grew its holdings in The Hartford Financial Services Group, Inc. (NYSE:HIG–Free Report) by 209.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,597 shares of the insurance provider’s stock after acquiring an additional 161,597 shares during the period. Canada Pension Plan Investment Board’s holdings in The Hartford Financial Services Group were worth $17,184,000 as of its most recent filing with the Securities & Exchange Commission. Several other large investors have also made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of The Hartford Financial Services Group by 100,207.2% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,759,513 shares of the insurance provider’s stock worth $270,760,000 after buying an additional 3,755,765 shares in the last quarter. Norges Bank purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth about $277,618,000. Victory Capital Management Inc. lifted its position in shares of The Hartford Financial Services Group by 461.0% in the second quarter. Victory Capital Management Inc. now owns 4,058,747 shares of the insurance provider’s stock worth $292,311,000 after buying an additional 3,335,262 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in shares of The Hartford Financial Services Group in the fourth quarter worth about $215,742,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of The Hartford Financial Services Group by 425.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,004,275 shares of the insurance provider’s stock worth $27,060,000 after buying an additional 1,622,525 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors. In other The Hartford Financial Services Group news, EVPStephanie C. Bushsold 5,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $72.74, for a total transaction of $363,700.00. Following the completion of the sale, the executive vice president now owns 10,063 shares in the company, valued at $731,982.62. The transaction was disclosed in a document filed with the SEC, which can be accessed throughthis link. Insiders sold a total of 6,003 shares of company stock worth $436,159 over the last 90 days. Company insiders own 2.00% 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 ofNYSE:HIGopened at $75.36 on Thursday. The Hartford Financial Services Group, Inc. has a 52-week low of $64.25 and a 52-week high of $79.44. The stock has a market cap of $22.67 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. The business’s 50 day moving average is $72.27 and its 200 day moving average is $71.78. 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 Hartford Financial Services Group (NYSE:HIG–Get Free Report) last posted its earnings results on Thursday, October 26th. The insurance provider reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.34. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates 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 Hartford Financial Services Group’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. Sell-side analysts predict that The Hartford Financial Services Group, Inc. will post 8.16 EPS for the current year. The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.49%. This is a positive change from The Hartford Financial Services Group’s previous quarterly dividend of $0.43. The Hartford Financial Services Group’s dividend payout ratio is currently 23.32%. A number of research firms recently commented on HIG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $77.00 target price on shares of The Hartford Financial Services Group in a research report on Monday, July 31st. Jefferies Financial Group boosted their target price on The Hartford Financial Services Group from $75.00 to $77.00 in a research report on Friday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on The Hartford Financial Services Group in a research note on Wednesday, October 4th. They set a “hold” rating and a $85.00 price objective on the stock. Raymond James boosted their price objective on The Hartford Financial Services Group from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 31st. Finally, Wells Fargo & Company reduced their price objective on The Hartford Financial Services Group from $89.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.43. Get Our Latest Research Report on The Hartford Financial Services Group (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. Want to see what other hedge funds are holding HIG?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for The Hartford Financial Services Group, Inc. (NYSE:HIG–Free Report). |
2024-11-16 | ETF Daily News | Short Interest in Landstar System, Inc. (NASDAQ:LSTR) Decreases By 7.9% | Landstar System, Inc. (NASDAQ:LSTR–Get Free Report) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,170,000 shares, a decline of 7.9% from the October 15th total of 1,270,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 217,300 shares, the days-to-cover ratio is currently 5.4 days. Several research analysts recently weighed in on LSTR shares. Morgan Stanley cut their target price on shares of Landstar System from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Monday, October 30th. Susquehanna cut their target price on shares of Landstar System from $196.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, October 3rd. Stephens cut their target price on shares of Landstar System from $210.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Stifel Nicolaus cut their target price on shares of Landstar System from $185.00 to $177.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Finally, Evercore ISI lowered their price target on Landstar System from $180.00 to $178.00 in a report on Wednesday, September 27th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $186.60. Get Our Latest Stock Report on LSTR 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 institutional investors and hedge funds have recently made changes to their positions in the company. KB Financial Partners LLC bought a new stake in Landstar System in the first quarter valued at about $720,000. Personal CFO Solutions LLC increased its holdings in shares of Landstar System by 4.1% in the first quarter. Personal CFO Solutions LLC now owns 1,843 shares of the transportation company’s stock worth $330,000 after acquiring an additional 72 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Landstar System in the second quarter worth about $520,000. Virtu Financial LLC increased its holdings in shares of Landstar System by 22.4% in the second quarter. Virtu Financial LLC now owns 2,988 shares of the transportation company’s stock worth $575,000 after acquiring an additional 546 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Landstar System by 10.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,983 shares of the transportation company’s stock worth $6,351,000 after acquiring an additional 3,135 shares in the last quarter. Institutional investors own 99.52% of the company’s stock. Shares ofLSTR stockopened at $174.05 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50 day simple moving average is $175.62 and its 200 day simple moving average is $184.20. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 20.89 and a beta of 0.88. Landstar System has a twelve month low of $160.05 and a twelve month high of $208.62. Landstar System (NASDAQ:LSTR–Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Landstar System had a return on equity of 31.06% and a net margin of 5.19%. Landstar System’s quarterly revenue was down 29.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 earnings per share. As a group, research analysts predict that Landstar System will post 7.43 EPS for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, November 6th. Landstar System’s dividend payout ratio is currently 15.85%. (Get Free Report) Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. |
2024-11-16 | ETF Daily News | J&J Snack Foods (NASDAQ:JJSF) Posts Earnings Results, Beats Expectations By $0.04 EPS | J&J Snack Foods (NASDAQ:JJSF–Get Free Report) issued its earnings results on Wednesday. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.69 by $0.04,Briefing.comreports. J&J Snack Foods had a return on equity of 8.50% and a net margin of 4.34%. The business had revenue of $443.90 million during the quarter, compared to analysts’ expectations of $421.06 million. During the same quarter last year, the firm posted $1.05 earnings per share. J&J Snack Foods’s revenue was up 10.9% compared to the same quarter last year. JJSF stocktraded up $15.06 during midday trading on Thursday, reaching $175.92. The company had a trading volume of 18,662 shares, compared to its average volume of 70,156. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.50 and a quick ratio of 1.55. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 47.17 and a beta of 0.58. The stock has a 50 day moving average price of $160.81 and a 200-day moving average price of $160.28. J&J Snack Foods has a 1-year low of $133.27 and a 1-year high of $177.71. Several research firms have commented on JJSF. Benchmark increased their target price on shares of J&J Snack Foods from $170.00 to $190.00 in a research report on Wednesday, August 2nd.StockNews.cominitiated coverage on shares of J&J Snack Foods in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, TheStreet raised J&J Snack Foods from a “c+” rating to a “b” rating in a research report on Monday, July 31st. 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 JJSF A number of hedge funds have recently made changes to their positions in JJSF. The Manufacturers Life Insurance Company increased its stake in shares of J&J Snack Foods by 24.9% in the third quarter. The Manufacturers Life Insurance Company now owns 7,577 shares of the company’s stock valued at $1,240,000 after buying an additional 1,510 shares during the period. Royal Bank of Canada increased its position in J&J Snack Foods by 29.1% in the 3rd quarter. Royal Bank of Canada now owns 9,411 shares of the company’s stock valued at $1,540,000 after acquiring an additional 2,121 shares during the period. Sei Investments Co. raised its stake in shares of J&J Snack Foods by 9.5% during the third quarter. Sei Investments Co. now owns 68,030 shares of the company’s stock valued at $11,133,000 after acquiring an additional 5,912 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of J&J Snack Foods by 64.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,136 shares of the company’s stock worth $186,000 after purchasing an additional 447 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in J&J Snack Foods in the third quarter valued at $1,242,000. 76.07% of the stock is currently owned by institutional investors and hedge funds. (Get Free Report) J&J Snack Foods Corp. manufactures, markets, and distributes nutritional snack foods and beverages to the food service and retail supermarket industries in the United States, Mexico, and Canada. It operates through three segments: Food Service, Retail Supermarkets, and Frozen Beverages. It offers soft pretzels under the SUPERPRETZEL, PRETZEL FILLERS, PRETZELFILS, GOURMET TWISTS, MR. |
2024-11-16 | ETF Daily News | Tetra Tech (NASDAQ:TTEK) Releases Q1 Earnings Guidance | Tetra Tech (NASDAQ:TTEK–Get Free Report) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.30-1.38 for the period, compared to the consensus estimate of $1.36. The company issued revenue guidance of $0.95-1.0 billion, compared to the consensus revenue estimate of $956.60 million. Tetra Tech also updated its FY 2024 guidance to $5.70-$6.00 EPS. A number of brokerages recently issued reports on TTEK. Royal Bank of Canada began coverage on Tetra Tech in a research note on Monday, August 28th. They set an outperform rating and a $181.00 price objective for the company. Maxim Group increased their price objective on shares of Tetra Tech from $200.00 to $215.00 in a research note on Friday, August 11th.StockNews.comassumed coverage on shares of Tetra Tech in a research report on Thursday, October 5th. They set a hold rating on the stock. Robert W. Baird upped their target price on shares of Tetra Tech from $157.00 to $172.00 in a report on Thursday, August 10th. Finally, William Blair started coverage on Tetra Tech in a report on Wednesday, September 13th. They set an outperform rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $192.00. Check Out Our Latest Stock Analysis on TTEK 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 ForeverTTEK stockopened at $158.23 on Thursday. The company has a market capitalization of $8.38 billion, a PE ratio of 28.01 and a beta of 1.00. The company’s fifty day moving average price is $155.18 and its 200-day moving average price is $156.73. Tetra Tech has a one year low of $131.19 and a one year high of $173.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.17. Tetra Tech (NASDAQ:TTEK–Get Free Report) last released its quarterly earnings data on Wednesday, November 15th. The industrial products company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.44 by $0.34. Tetra Tech had a net margin of 7.27% and a return on equity of 20.41%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 43.6% on a year-over-year basis. On average, equities analysts anticipate that Tetra Tech will post 5.25 EPS for the current fiscal year. A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp Et Al purchased a new position in shares of Tetra Tech in the 3rd quarter worth $1,087,000. Morgan Stanley grew its position in Tetra Tech by 5.9% in the third quarter. Morgan Stanley now owns 616,768 shares of the industrial products company’s stock worth $93,768,000 after acquiring an additional 34,259 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Tetra Tech by 15.4% during the third quarter. The Manufacturers Life Insurance Company now owns 46,054 shares of the industrial products company’s stock worth $7,002,000 after acquiring an additional 6,148 shares during the last quarter. Royal Bank of Canada raised its position in Tetra Tech by 448.7% during the third quarter. Royal Bank of Canada now owns 180,114 shares of the industrial products company’s stock valued at $27,382,000 after purchasing an additional 147,288 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Tetra Tech by 126.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 196,336 shares of the industrial products company’s stock valued at $29,840,000 after purchasing an additional 109,480 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors. (Get Free Report) Tetra Tech, Inc provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services. |
2024-11-16 | ETF Daily News | Relay Therapeutics (NASDAQ:RLAY) Shares Gap Up to $7.71 | Relay Therapeutics, Inc. (NASDAQ:RLAY–Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.71, but opened at $8.29. Relay Therapeutics shares last traded at $8.36, with a volume of 113,962 shares changing hands. Several brokerages have issued reports on RLAY. HC Wainwright dropped their price target on Relay Therapeutics from $33.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. SVB Securities started coverage on Relay Therapeutics in a research report on Tuesday, August 8th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price on shares of Relay Therapeutics in a research report on Wednesday, August 9th. Finally, Leerink Partnrs reaffirmed an “outperform” rating on shares of Relay Therapeutics in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.83. Get Our Latest Stock Report on RLAY 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 $8.06 and a 200 day moving average price of $10.23. The stock has a market cap of $1.05 billion, a PE ratio of -3.18 and a beta of 1.47. Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Relay Therapeutics by 198.6% during the 3rd quarter. Royal Bank of Canada now owns 1,287 shares of the company’s stock worth $29,000 after purchasing an additional 856 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Relay Therapeutics during the 2nd quarter worth about $39,000. Metropolitan Life Insurance Co NY lifted its holdings in Relay Therapeutics by 15.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 5,264 shares of the company’s stock worth $79,000 after purchasing an additional 706 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Relay Therapeutics by 48.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,494 shares of the company’s stock worth $79,000 after purchasing an additional 819 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Relay Therapeutics by 23.5% during the 3rd quarter. Hsbc Holdings PLC now owns 15,017 shares of the company’s stock worth $126,000 after purchasing an additional 2,857 shares in the last quarter. (Get Free Report) Relay Therapeutics, Inc operates as a clinical-stage precision medicines company. It engages in transforming the drug discovery process with an initial focus on enhancing small molecule therapeutic discovery in targeted oncology and genetic disease indications. The company's lead product candidates include RLY-4008, an oral small molecule inhibitor of fibroblast growth factor receptor 2 (FGFR2), which is in a first-in-human clinical trial for patients with advanced or metastatic FGFR2-altered solid tumors; RLY-2608, a lead mutant-PI3Ka inhibitor program that targets phosphoinostide 3 kinase alpha; and GDC-1971, an oral small molecule inhibitor of protein tyrosine phosphatase Src homology region 2 domain-containing phosphatase-2 that is in Phase 1 trial in patients with advanced solid tumors. |
2024-11-16 | ETF Daily News | Prime Medicine (NYSE:PRME) Shares Gap Up to $6.67 | Shares of Prime Medicine, Inc. (NYSE:PRME–Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.67, but opened at $7.18. Prime Medicine shares last traded at $7.25, with a volume of 122,213 shares. A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Prime Medicine from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, August 14th. BMO Capital Markets initiated coverage on Prime Medicine in a report on Monday, October 9th. They set an “outperform” rating and a $19.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Prime Medicine from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, November 7th. Guggenheim began coverage on shares of Prime Medicine in a research report on Monday, July 31st. They set a “buy” rating and a $24.00 target price on the stock. Finally, Jonestrading began coverage on shares of Prime Medicine in a research report on Wednesday, September 6th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Prime Medicine currently has an average rating of “Moderate Buy” and an average price target of $21.60. View Our Latest Stock Analysis on PRME 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 of $8.71. The company has a market capitalization of $634.53 million and a price-to-earnings ratio of -3.23. Hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY lifted its stake in shares of Prime Medicine by 206.8% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,203 shares of the company’s stock worth $32,000 after purchasing an additional 1,485 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Prime Medicine by 293.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,267 shares of the company’s stock worth $48,000 after buying an additional 2,436 shares in the last quarter. Royal Bank of Canada lifted its holdings in Prime Medicine by 506.6% in the 2nd quarter. Royal Bank of Canada now owns 3,579 shares of the company’s stock worth $53,000 after buying an additional 2,989 shares in the last quarter. Barclays PLC lifted its holdings in Prime Medicine by 47.7% in the 2nd quarter. Barclays PLC now owns 7,879 shares of the company’s stock worth $116,000 after buying an additional 2,543 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Prime Medicine by 15.8% in the 2nd quarter. Penserra Capital Management LLC now owns 8,107 shares of the company’s stock worth $118,000 after buying an additional 1,107 shares in the last quarter. 47.41% of the stock is owned by institutional investors and hedge funds. (Get Free Report) Prime Medicine, Inc, a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology. The company offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence. |
2024-11-16 | ETF Daily News | VanEck Semiconductor ETF (NASDAQ:SMH) Shares Purchased by Nwam LLC | Nwam LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH–Free Report) by 391.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,787 shares of the company’s stock after purchasing an additional 14,961 shares during the quarter. Nwam LLC’s holdings in VanEck Semiconductor ETF were worth $2,860,000 at the end of the most recent quarter. Several other institutional investors also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich raised its holdings in VanEck Semiconductor ETF by 919,038.0% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,110,518 shares of the company’s stock valued at $1,539,326,000 after buying an additional 10,109,418 shares during the period. Fisher Asset Management LLC grew its stake in VanEck Semiconductor ETF by 104.8% during the second quarter. Fisher Asset Management LLC now owns 3,712,976 shares of the company’s stock worth $565,301,000 after buying an additional 1,899,794 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VanEck Semiconductor ETF in the second quarter worth $65,315,000. Canada Pension Plan Investment Board raised its stake in shares of VanEck Semiconductor ETF by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 540,000 shares of the company’s stock valued at $82,215,000 after acquiring an additional 270,000 shares during the period. Finally, Jane Street Group LLC lifted 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 acquiring an additional 237,394 shares in the last quarter. NASDAQ SMHtraded up $0.20 during trading hours on Thursday, hitting $161.41. The company had a trading volume of 578,110 shares, compared to its average volume of 7,737,084. The firm’s 50 day moving average is $146.97 and its 200 day moving average is $147.48. VanEck Semiconductor ETF has a fifty-two week low of $98.27 and a fifty-two week high of $162.23. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 17.19 and a beta of 1.35. 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 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. |
2024-11-16 | ETF Daily News | Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Delancey W. Davis Sells 1,000 Shares of Stock | Franklin Electric Co., Inc. (NASDAQ:FELE–Get Free Report) insiderDelancey W. Davissold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $90.80, for a total transaction of $90,800.00. Following the sale, the insider now owns 9,716 shares in the company, valued at approximately $882,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed throughthis hyperlink. Shares ofFELE stockopened at $89.78 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.74 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $88.68 and a 200-day moving average price of $94.41. Franklin Electric Co., Inc. has a 52 week low of $77.69 and a 52 week high of $107.36. The firm has a market capitalization of $4.14 billion, a PE ratio of 21.74, a P/E/G ratio of 1.75 and a beta of 0.98. Franklin Electric (NASDAQ:FELE–Get Free Report) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.04). The company had revenue of $538.43 million during the quarter, compared to analysts’ expectations of $573.50 million. Franklin Electric had a return on equity of 17.30% and a net margin of 9.33%. As a group, equities research analysts expect that Franklin Electric Co., Inc. will post 4.15 earnings per share 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 ForeverThe company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, November 1st. Franklin Electric’s dividend payout ratio (DPR) is presently 21.79%. Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Franklin Electric by 0.4% in the 3rd quarter. Morgan Stanley now owns 589,206 shares of the industrial products company’s stock worth $52,575,000 after purchasing an additional 2,075 shares during the period. The Manufacturers Life Insurance Company raised its position in Franklin Electric by 28.3% in the third quarter. The Manufacturers Life Insurance Company now owns 23,725 shares of the industrial products company’s stock worth $2,117,000 after acquiring an additional 5,227 shares during the period. Royal Bank of Canada raised its position in Franklin Electric by 48.3% in the third quarter. Royal Bank of Canada now owns 6,254 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 2,038 shares during the period. Sei Investments Co. grew its position in shares of Franklin Electric by 8.9% during the 3rd quarter. Sei Investments Co. now owns 38,960 shares of the industrial products company’s stock valued at $3,476,000 after acquiring an additional 3,190 shares during the period. Finally, Lido Advisors LLC purchased a new stake in shares of Franklin Electric in the 3rd quarter worth $1,380,000. 77.96% of the stock is owned by hedge funds and other institutional investors. Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on Franklin Electric from $94.00 to $102.00 in a research report on Wednesday, July 26th.StockNews.combegan coverage on Franklin Electric in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $96.00. Read Our Latest Analysis on FELE (Get Free Report) Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment. |
2024-11-16 | ETF Daily News | FormFactor, Inc. (NASDAQ:FORM) Director Dennis Thomas St Sells 3,792 Shares of Stock | FormFactor, Inc. (NASDAQ:FORM–Get Free Report) Director Dennis Thomas St sold 3,792 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the completion of the sale, the director now directly owns 38,701 shares in the company, valued at $1,479,926.24. The sale was disclosed in a legal filing with the SEC, which can be accessed throughthis link. NASDAQ FORMopened at $38.56 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -428.40 and a beta of 1.20. FormFactor, Inc. has a 1-year low of $20.94 and a 1-year high of $39.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.05. The business’s fifty day moving average price is $34.00 and its 200-day moving average price is $32.76. A number of institutional investors have recently bought and sold shares of FORM. Tudor Investment Corp Et Al increased its position in shares of FormFactor by 368.7% during the 3rd quarter. Tudor Investment Corp Et Al now owns 83,760 shares of the semiconductor company’s stock valued at $2,927,000 after purchasing an additional 65,889 shares during the last quarter. Morgan Stanley grew its position in FormFactor by 20.7% during the third quarter. Morgan Stanley now owns 921,276 shares of the semiconductor company’s stock valued at $32,189,000 after buying an additional 158,065 shares during the period. The Manufacturers Life Insurance Company increased its holdings in FormFactor by 25.5% during the third quarter. The Manufacturers Life Insurance Company now owns 39,317 shares of the semiconductor company’s stock valued at $1,374,000 after buying an additional 7,986 shares during the last quarter. Royal Bank of Canada raised its position in FormFactor by 13.1% in the third quarter. Royal Bank of Canada now owns 715,658 shares of the semiconductor company’s stock worth $25,006,000 after acquiring an additional 82,759 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of FormFactor by 15.4% during the 3rd quarter. Sei Investments Co. now owns 1,286,351 shares of the semiconductor company’s stock worth $44,945,000 after acquiring an additional 171,712 shares during the last quarter. Institutional investors own 93.64% 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 ForeverFORM has been the topic of several analyst reports. Craig Hallum boosted their target price on FormFactor from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. DA Davidson raised their price target on shares of FormFactor from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus upped their price objective on FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. CL King increased their target price on FormFactor from $37.00 to $43.00 in a research note on Wednesday, July 19th. Finally, Northland Securities boosted their price target on FormFactor from $32.00 to $35.00 in a research note on Thursday, August 3rd. Six 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 presently has an average rating of “Hold” and an average target price of $39.67. Check Out Our Latest Research Report on FORM (Get Free Report) FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies. |
2024-11-16 | ETF Daily News | Impinj, Inc. (NASDAQ:PI) Major Shareholder Sylebra Capital Ltd Buys 33,682 Shares of Stock | Impinj, Inc. (NASDAQ:PI–Get Free Report) major shareholder Sylebra Capital Ltd purchased 33,682 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $73.16 per share, with a total value of $2,464,175.12. Following the transaction, the insider now directly owns 3,982,248 shares in the company, valued at $291,341,263.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed throughthe SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC. Sylebra Capital Ltd also recently made the following trade(s): Shares ofImpinj stockopened at $79.01 on Thursday. The stock has a 50-day simple moving average of $59.54 and a 200-day simple moving average of $75.01. Impinj, Inc. has a 52-week low of $48.39 and a 52-week high of $144.90. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -74.54 and a beta of 2.05. The company has a debt-to-equity ratio of 8.09, a current ratio of 8.09 and a quick ratio of 4.92. 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 ForeverImpinj (NASDAQ:PI–Get Free Report) last posted its earnings results on Wednesday, October 25th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.20. The firm had revenue of $65.01 million during the quarter, compared to analysts’ expectations of $64.73 million. Impinj had a negative net margin of 9.03% and a negative return on equity of 47.86%. On average, equities research analysts expect that Impinj, Inc. will post -1.1 earnings per share for the current fiscal year. Several analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Impinj from $101.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, October 26th.StockNews.comraised Impinj to a “sell” rating in a research note on Thursday, October 26th. Roth Mkm reduced their price target on shares of Impinj from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Impinj in a research report on Thursday, October 26th. Finally, Lake Street Capital dropped their price objective on shares of Impinj from $130.00 to $90.00 in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.25. View Our Latest Stock Report on PI Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of Impinj by 22.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,497 shares of the company’s stock valued at $633,000 after acquiring an additional 2,144 shares in the last quarter. Royal Bank of Canada raised its position in shares of Impinj by 734.1% in the third quarter. Royal Bank of Canada now owns 33,941 shares of the company’s stock valued at $1,868,000 after purchasing an additional 29,872 shares during the period. Scopia Capital Management LP bought a new position in shares of Impinj in the third quarter valued at approximately $878,000. KADENSA CAPITAL Ltd lifted its position in shares of Impinj by 13.8% during the 3rd quarter. KADENSA CAPITAL Ltd now owns 33,324 shares of the company’s stock worth $1,834,000 after purchasing an additional 4,049 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Impinj by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 21,667 shares of the company’s stock valued at $1,192,000 after purchasing an additional 364 shares during the period. (Get Free Report) Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. |
2024-11-16 | ETF Daily News | TD Asset Management Inc Sells 19,781 Shares of United Parcel Service, Inc. (NYSE:UPS) | TD Asset Management Inc decreased its holdings in United Parcel Service, Inc. (NYSE:UPS–Free Report) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 283,982 shares of the transportation company’s stock after selling 19,781 shares during the quarter. TD Asset Management Inc’s holdings in United Parcel Service were worth $50,904,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business. Texas Capital Bancshares Inc. TX raised its position in United Parcel Service by 9.8% in the 2nd quarter. Texas Capital Bancshares Inc. TX now owns 2,044 shares of the transportation company’s stock worth $366,000 after buying an additional 183 shares during the last quarter. Canada Pension Plan Investment Board raised its position in United Parcel Service by 3,368.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,330 shares of the transportation company’s stock worth $597,000 after buying an additional 3,234 shares during the last quarter. Roundview Capital LLC raised its position in United Parcel Service by 0.9% in the 2nd quarter. Roundview Capital LLC now owns 21,702 shares of the transportation company’s stock worth $3,890,000 after buying an additional 203 shares during the last quarter. Highland Capital Management LLC raised its position in United Parcel Service by 335.6% in the 2nd quarter. Highland Capital Management LLC now owns 32,812 shares of the transportation company’s stock worth $5,882,000 after buying an additional 25,279 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in United Parcel Service by 1.1% in the 2nd quarter. Montag A & Associates Inc. now owns 18,709 shares of the transportation company’s stock worth $3,354,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 58.45% of the company’s stock. Several equities research analysts have recently commented on UPS shares. Barclays reduced their price target on shares of United Parcel Service from $180.00 to $175.00 and set an “equal weight” rating for the company in a research report on Thursday, September 28th. Credit Suisse Group reduced their price target on shares of United Parcel Service from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $186.00 to $178.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Susquehanna reduced their price target on shares of United Parcel Service from $173.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Finally, UBS Group lowered shares of United Parcel Service from a “buy” rating to a “neutral” rating and reduced their price target for the company from $198.00 to $185.00 in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.91. 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 UPS NYSE UPSopened at $147.16 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $125.37 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.57 and a beta of 1.10. United Parcel Service, Inc. has a one year low of $133.68 and a one year high of $197.80. The stock has a 50 day moving average price of $150.91 and a 200-day moving average price of $166.87. United Parcel Service (NYSE:UPS–Get Free Report) last posted its earnings results on Thursday, October 26th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $21.06 billion during the quarter, compared to the consensus estimate of $21.40 billion. United Parcel Service had a return on equity of 43.46% and a net margin of 9.19%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 8.82 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 13th will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, November 10th. This represents a $6.48 annualized dividend and a yield of 4.40%. United Parcel Service’s payout ratio is presently 65.59%. (Free Report) United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. Want to see what other hedge funds are holding UPS?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS–Free Report). |
2024-11-16 | ETF Daily News | Centene Co. (NYSE:CNC) Shares Sold by Public Employees Retirement Association of Colorado | Public Employees Retirement Association of Colorado reduced its position in shares of Centene Co. (NYSE:CNC–Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,212 shares of the company’s stock after selling 6,610 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Centene were worth $5,950,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also made changes to their positions in CNC. Altfest L J & Co. Inc. increased its position in Centene by 53.5% in the second quarter. Altfest L J & Co. Inc. now owns 4,993 shares of the company’s stock worth $337,000 after buying an additional 1,741 shares during the period. Canada Pension Plan Investment Board lifted its stake in Centene by 25.7% in the second quarter. Canada Pension Plan Investment Board now owns 923,600 shares of the company’s stock valued at $62,297,000 after buying an additional 189,000 shares during the last quarter. Westbourne Investment Advisors Inc. lifted its stake in Centene by 2.6% in the second quarter. Westbourne Investment Advisors Inc. now owns 63,866 shares of the company’s stock valued at $4,308,000 after buying an additional 1,607 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Centene by 2.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,707 shares of the company’s stock valued at $6,455,000 after buying an additional 2,341 shares during the last quarter. Finally, Andra AP fonden lifted its stake in Centene by 28.8% in the second quarter. Andra AP fonden now owns 131,400 shares of the company’s stock valued at $8,863,000 after buying an additional 29,400 shares during the last quarter. 90.92% of the stock is owned by institutional investors and hedge funds. A number of equities research analysts have issued reports on CNC shares.StockNews.comstarted coverage on Centene in a research note on Thursday, October 5th. They issued a “strong-buy” rating on the stock. Wells Fargo & Company raised their target price on Centene from $71.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Bank of America raised Centene from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $79.00 to $72.00 in a report on Tuesday, September 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $82.00 price target on shares of Centene in a report on Thursday, September 14th. Finally, Jefferies Financial Group lowered their price target on Centene from $82.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, October 9th. Nine equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.39. 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 Centene NYSE:CNCopened at $73.23 on Thursday. The business’s 50-day moving average price is $69.71 and its 200 day moving average price is $67.37. The firm has a market cap of $39.12 billion, a P/E ratio of 16.46, a PEG ratio of 0.84 and a beta of 0.49. Centene Co. has a 52-week low of $60.83 and a 52-week high of $87.84. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.70. Centene (NYSE:CNC–Get Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.45. The firm had revenue of $38.04 billion for the quarter, compared to analysts’ expectations of $36.20 billion. Centene had a return on equity of 15.47% and a net margin of 1.63%. Centene’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. As a group, sell-side analysts predict that Centene Co. will post 6.67 earnings per share for the current fiscal year. (Free Report) Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. It operates in two segments, Managed Care and Specialty Services. The Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Want to see what other hedge funds are holding CNC?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Centene Co. (NYSE:CNC–Free Report). |
2024-11-16 | ETF Daily News | Financial Architects Inc Takes Position in Markel Group Inc. (NYSE:MKL) | Financial Architects Inc bought a new stake in Markel Group Inc. (NYSE:MKL–Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 186 shares of the insurance provider’s stock, valued at approximately $257,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in Markel Group in the 1st quarter valued at about $148,000. American Century Companies Inc. increased its holdings in shares of Markel Group by 11.9% during the first quarter. American Century Companies Inc. now owns 628 shares of the insurance provider’s stock worth $926,000 after purchasing an additional 67 shares during the period. MetLife Investment Management LLC bought a new position in shares of Markel Group during the first quarter worth approximately $549,000. Rhumbline Advisers increased its holdings in shares of Markel Group by 2.7% during the first quarter. Rhumbline Advisers now owns 11,913 shares of the insurance provider’s stock worth $17,575,000 after purchasing an additional 308 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in shares of Markel Group by 4.7% during the first quarter. Yousif Capital Management LLC now owns 332 shares of the insurance provider’s stock worth $490,000 after purchasing an additional 15 shares during the period. 76.96% of the stock is owned by institutional investors. Several research analysts have recently commented on MKL shares. 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 on the stock in a report on Friday, November 3rd.StockNews.comlowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Truist Financial reduced their price target 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. Finally, Jefferies Financial Group assumed coverage on shares of Markel Group in a research report on Thursday, September 7th. They set a “buy” rating and a $1,750.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Markel Group has an average 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 ForeverRead Our Latest Analysis on MKL In other Markel Group news, Director Greta J. Harris sold 103 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $1,491.88, for a total value of $153,663.64. Following the sale, the director now owns 656 shares in the company, valued at $978,673.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis link. In other Markel Group news, Director Greta J. Harris sold 103 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $1,491.88, for a total value of $153,663.64. Following the sale, the director now owns 656 shares in the company, valued at $978,673.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis link. Also, Director Steven A. Markel sold 350 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $1,482.52, for a total transaction of $518,882.00. Following the completion of the sale, the director now owns 70,366 shares in the company, valued at approximately $104,319,002.32. The disclosure for this sale can be foundhere. Over the last quarter, insiders have purchased 222 shares of company stock worth $295,861 and have sold 1,151 shares worth $1,698,305. Company insiders own 1.75% of the company’s stock. NYSE MKLopened at $1,379.68 on Thursday. Markel Group Inc. has a 1 year low of $1,186.56 and a 1 year high of $1,560.00. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 9.89 and a beta of 0.75. The firm’s 50 day simple moving average is $1,459.97 and its 200 day simple moving average is $1,419.35. (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. Want to see what other hedge funds are holding MKL?Visit HoldingsChannel.comto get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL–Free Report). |
2024-11-16 | ETF Daily News | MoonLake Immunotherapeutics (NASDAQ:MLTX) PT Raised to $92.00 at Wedbush | MoonLake Immunotherapeutics (NASDAQ:MLTX–Get Free Report)had its target price boosted by equities researchers at Wedbush from $86.00 to $92.00 in a research report issued to clients and investors on Thursday,Benzingareports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 129.43% from the company’s current price. Several other equities analysts also recently issued reports on MLTX. Cantor Fitzgerald reiterated an “overweight” rating and set a $78.00 price objective on shares of MoonLake Immunotherapeutics in a research report on Wednesday, November 8th. Stifel Nicolaus initiated coverage on MoonLake Immunotherapeutics in a research report on Thursday, November 2nd. They set a “buy” rating and a $74.00 price target for the company. Barclays increased their price target on MoonLake Immunotherapeutics from $41.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 12th. HC Wainwright restated a “buy” rating and set a $75.00 price objective on shares of MoonLake Immunotherapeutics in a research note on Tuesday, September 12th. Finally, Guggenheim increased their target price on shares of MoonLake Immunotherapeutics from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.70. Read Our Latest Analysis on MoonLake Immunotherapeutics 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 MLTXtraded up $0.84 during trading hours on Thursday, hitting $40.10. The company had a trading volume of 15,689 shares, compared to its average volume of 514,016. The firm has a market cap of $2.50 billion, a P/E ratio of -38.15 and a beta of 1.49. MoonLake Immunotherapeutics has a fifty-two week low of $7.89 and a fifty-two week high of $63.40. The business has a fifty day simple moving average of $52.57 and a 200-day simple moving average of $46.11. MoonLake Immunotherapeutics (NASDAQ:MLTX–Get Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.05. Equities analysts forecast that MoonLake Immunotherapeutics will post -0.95 EPS for the current fiscal year. In related news, major shareholder Bihua Chen purchased 67,814 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was acquired at an average price of $57.32 per share, for a total transaction of $3,887,098.48. Following the transaction, the insider now directly owns 8,435,312 shares of the company’s stock, valued at approximately $483,512,083.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible throughthis hyperlink. 15.27% of the stock is currently owned by company insiders. Several hedge funds have recently bought and sold shares of MLTX. Tudor Investment Corp Et Al increased its position in MoonLake Immunotherapeutics by 26.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 17,095 shares of the company’s stock worth $974,000 after purchasing an additional 3,546 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of MoonLake Immunotherapeutics by 17.5% in the third quarter. The Manufacturers Life Insurance Company now owns 73,711 shares of the company’s stock worth $4,202,000 after buying an additional 10,974 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of MoonLake Immunotherapeutics by 19.2% during the 3rd quarter. Royal Bank of Canada now owns 24,083 shares of the company’s stock worth $1,373,000 after acquiring an additional 3,887 shares in the last quarter. Sei Investments Co. acquired a new position in shares of MoonLake Immunotherapeutics during the 3rd quarter valued at about $1,812,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of MoonLake Immunotherapeutics by 42.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,952,703 shares of the company’s stock valued at $111,304,000 after acquiring an additional 580,375 shares in the last quarter. (Get Free Report) MoonLake Immunotherapeutics, a clinical-stage biopharmaceutical company, engages in developing therapies. It is developing Sonelokimab, a novel investigational Nanobody for the treatment of inflammation diseases. The company is involved in conducting Phase II trials for hidradenitis suppurativa, psoriatic arthritis, ankylosing spondylitis, or axial spondyloarthritis. |
2024-11-16 | ETF Daily News | The Hartford Financial Services Group (NYSE:HIG) Coverage Initiated by Analysts at Oppenheimer | Equities researchers at Oppenheimer started coverage on shares ofThe Hartford Financial Services Group (NYSE:HIG–Get Free Report)in a research report issued to clients and investors on Thursday,Briefing.comreports. The firm set a “market perform” rating on the insurance provider’s stock. Several other equities analysts have also recently issued reports on the stock. Citigroup reduced their price target on shares of The Hartford Financial Services Group from $87.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th.StockNews.cominitiated coverage on shares of The Hartford Financial Services Group in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Piper Sandler upped their price objective on shares of The Hartford Financial Services Group from $93.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $77.00 price objective on shares of The Hartford Financial Services Group in a report on Monday, July 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of The Hartford Financial Services Group in a report on Wednesday, October 4th. They issued a “hold” rating and a $85.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, The Hartford Financial Services Group has a consensus rating of “Moderate Buy” and an average target price of $85.43. Check Out 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 ForeverShares ofThe Hartford Financial Services Group stockopened at $75.36 on Thursday. The firm has a market cap of $22.67 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. The Hartford Financial Services Group has a 12-month low of $64.25 and a 12-month high of $79.44. 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 company’s fifty day simple moving average is $72.27 and its two-hundred day simple moving average is $71.78. The Hartford Financial Services Group (NYSE:HIG–Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.34. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.17 billion. The Hartford Financial Services Group had a net margin of 9.62% and a return on equity of 19.05%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. As a group, equities analysts expect that The Hartford Financial Services Group will post 8.16 EPS for the current year. In related news, EVPStephanie C. Bushsold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $72.74, for a total transaction of $363,700.00. Following the completion of the transaction, the executive vice president now directly owns 10,063 shares of the company’s stock, valued at $731,982.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. Over the last ninety days, insiders sold 6,003 shares of company stock valued at $436,159. Corporate insiders own 2.00% of the company’s stock. Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of The Hartford Financial Services Group by 7.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,704 shares of the insurance provider’s stock worth $1,271,000 after acquiring an additional 1,185 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in The Hartford Financial Services Group by 9.1% during the 1st quarter. D.A. Davidson & CO. now owns 3,952 shares of the insurance provider’s stock valued at $284,000 after buying an additional 330 shares in the last quarter. Prudential PLC bought a new stake in The Hartford Financial Services Group during the 1st quarter valued at about $674,000. Cetera Investment Advisers lifted its holdings in The Hartford Financial Services Group by 88.6% during the 1st quarter. Cetera Investment Advisers now owns 11,238 shares of the insurance provider’s stock valued at $807,000 after buying an additional 5,278 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its position in The Hartford Financial Services Group by 235.4% during the 1st quarter. Zions Bancorporation N.A. now owns 1,070 shares of the insurance provider’s stock valued at $77,000 after purchasing an additional 751 shares during the period. Institutional investors own 90.81% of the company’s stock. (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. |
2024-11-16 | ETF Daily News | Cambria Investment Management L.P. Sells 3,113 Shares of Taylor Morrison Home Co. (NYSE:TMHC) | Cambria Investment Management L.P. reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC–Free Report) by 18.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,394 shares of the construction company’s stock after selling 3,113 shares during the quarter. Cambria Investment Management L.P.’s holdings in Taylor Morrison Home were worth $653,000 at the end of the most recent reporting period. Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in Taylor Morrison Home during the first quarter worth about $44,000. CWM LLC lifted its stake in Taylor Morrison Home by 39.0% during the first quarter. CWM LLC now owns 1,653 shares of the construction company’s stock worth $63,000 after purchasing an additional 464 shares during the last quarter. Quantbot Technologies LP bought a new stake in Taylor Morrison Home during the first quarter worth about $77,000. Covestor Ltd lifted its stake in Taylor Morrison Home by 100.5% during the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock worth $84,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Taylor Morrison Home during the second quarter worth about $108,000. 95.32% of the stock is currently owned by institutional investors. A number of research analysts have recently issued reports on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Barclays reduced their price objective on Taylor Morrison Home from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 12th. Credit Suisse Group upped their price objective on shares of Taylor Morrison Home from $47.00 to $56.00 in a research note on Thursday, July 27th.StockNews.comdowngraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Taylor Morrison Home from $49.00 to $43.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus price target of $49.42. 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 ForeverView Our Latest Stock Analysis on Taylor Morrison Home In other Taylor Morrison Home news, CEOSheryl Palmersold 112,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $46.01, for a total value of $5,176,125.00. Following the completion of the transaction, the chief executive officer now directly owns 399,942 shares in the company, valued at $18,401,331.42. The transaction was disclosed in a document filed with the SEC, which is accessible throughthe SEC website. Company insiders own 5.20% of the company’s stock. NYSE:TMHCopened at $45.01 on Thursday. The company’s 50-day simple moving average is $42.27 and its 200 day simple moving average is $45.02. The firm has a market capitalization of $4.84 billion, a P/E ratio of 5.69 and a beta of 1.79. Taylor Morrison Home Co. has a one year low of $26.41 and a one year high of $52.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.78 and a quick ratio of 0.97. Taylor Morrison Home (NYSE:TMHC–Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 11.05% and a return on equity of 18.75%. As a group, analysts forecast that Taylor Morrison Home Co. will post 7.24 EPS for the current fiscal year. (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. |
2024-11-17 | The Times of India | Cryptocurrency prices surge, driven by a potential bitcoin fund | Reuters In a Manhattan courtroom this month, the cryptocurrency industry faced a reckoning as its onetime star, Sam Bankman-Fried, was convicted of fraud in a trial that put the industry’s excesses on vivid display. But the ever-volatile crypto markets were already moving on. Shortly before Bankman-Fried’s verdict landed on Nov. 2, the price of bitcoin surpassed $35,000, its highest level since an industry meltdown in 2022. Last week, ether, the second-most popular digital currency, surged 10% to around $2,100, its best performance in months. Some investors rushed to declare the end of the so-called crypto winter of falling prices and financial scandals that have plagued the industry for the last 18 months. Driving the renewed euphoria? A potential new fund. 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 » Crypto investors are growing optimistic that the Securities and Exchange Commission will approve an exchange traded fund, or ETF, that tracks the price of bitcoin, analysts said. The fund would trade on traditional stock exchanges and offer an easy way for people to invest in cryptocurrencies, potentially bringing a wave of money into the industry. Some proponents have hailed the possibility of this new investment vehicle, known as a spot bitcoin ETF, as crypto’s “salvation.” In August, Grayscale Investments, a crypto asset manager, scored a legal victory over the SEC that seemed to pave the way for it to offer the bitcoin product. And last week, BlackRock, a giant money manager, filed paperwork to establish a similar ETF to track the price of ether, another cryptocurrency. These new funds “could represent a watershed,” said Michael Sonnenshein, Grayscale’s CEO. “We’re already starting to see quite a few signs of the crypto winter melting.” The crypto industry has yearned for good news since last year’s market collapse, which erased billions of dollars in savings practically overnight. But approval of a bitcoin ETF is not guaranteed, and some analysts have cast doubt on whether it would draw much new investment to the crypto world. The fixation on the new fund also underscores how far crypto has drifted from its anti-establishment roots. Bitcoin was created 15 years ago as an alternative to the traditional financial system and a tool to undermine powerful Wall Street interests. Now some bitcoin enthusiasts are celebrating giant financial firms like BlackRock as the industry’s saviors. “The hypocrisy is just maddening,” said John Reed Stark, a former SEC official and outspoken critic of the crypto industry. “It’s anathema to why bitcoin was created in the first place.” An exchange traded fund is essentially a bundle of assets split up into shares that investors can buy and sell on the open market. Rather than buy bitcoin directly through a crypto exchange like Coinbase, investors in a bitcoin ETF would own shares in a fund that contains the cryptocurrency, eliminating the need to worry about storing any bitcoin in a digital wallet. Crypto proponents have pursued a bitcoin ETF for more than a decade. In 2017, the SEC denied an ETF application by crypto entrepreneurs Cameron and Tyler Winklevoss, who had been working on the project for years. The industry kept battling. In 2021, the SEC approved ETFs that bet on the future prices of bitcoin without holding the currency itself. But the agency rejected an effort by Grayscale to introduce the first ETF linked directly to bitcoin, arguing that the crypto markets were subject to manipulation and other consumer risks. Grayscale challenged the SEC in federal court in June 2022. The legal battle ended this August, when a panel of judges ruled in favor of the company, deeming the SEC’s actions “arbitrary and capricious.” Since that ruling, two key offices within the SEC that oversee the ETF application process have worked with companies that want to create bitcoin ETFs, three people familiar with the matter said. The agency’s posture has fueled optimism, two of them said, because the regulators are asking detailed, technical questions that suggest the process has reached an advanced stage. (Some aspects of the talks were previously reported by CoinDesk.) An official approval could arrive as early as January, analysts at Bloomberg have predicted. Sonnenshein of Grayscale said he had observed a high “level of understanding and engagement” from the SEC. “For us, it really continues to be a matter of when, not a matter of if,” he said. A spokesperson for the SEC declined to comment. Grayscale is one of several firms seeking to offer crypto ETFs. Fidelity, the asset manager, has a pending application for a bitcoin fund . BlackRock has applied to create its own bitcoin ETF, as well as the one linked to ether. Crypto investors are hoping that the approval of bitcoin and ether ETFs will bring billions of dollars of new money into the industry. Skeptics abound. JPMorgan analysts published a report last week that called crypto’s recent surge “overdone” and argued that an ETF approval would simply redistribute the capital that traders have already put into the industry, rather than attracting new investment. Crypto ETFs that trade in Canada and Europe “have gained little interest from investors since their inception,” the report said. But the enthusiasm in crypto markets has continued unabated. On Monday, the crypto news website The Block reported that BlackRock had applied to introduce an ETF tracking the price of XRP, a digital currency that has been the subject of years of litigation between its issuer, Ripple, and the SEC. XRP’s priced jumped by more than 10%. Crypto fans celebrated on X, the website formerly known as Twitter. But the news wasn’t true: An unknown trickster had filed false paperwork that listed the name of one of BlackRock’s executives. Connect with Experts - Wealth creation made easy Experience Your Economic Times Newspaper, The Digital Way! Monday, 20 Nov, 2023 Read Complete ePaper » Digital View Print View Wealth Edition Sahara-Sebi Refund Account may be Transferred to Govt The government is looking into the legality of transferring unclaimed funds of the Sahara-Sebi Refund Account to the Consolidated Fund of India, with a provision to refund investors who stake claims later. Apple Looks to Hit ₹1 L cr Production Milestone in FY24 Apple is targeting production of nearly ₹1 lakh crore worth of iPhones in India this fiscal ending March 2024, having ramped up capacity at its manufacturing partners and achieved over ₹60,000-crore production in the first seven months, officials aware of the matter said. Singhania Settlement: Nawaz Modi sets Terms Nawaz Modi, the estranged wife of Gautam Singhania, has sought three quarters of the industrialist’s net worth, reported at $1.4 billion, for their two daughters and herself, as part of a family settlement following the couple’s separation, said people in the know. Read More News on cryptocurrency prices cryptocurrency bitcoin fund crypto price news crypto markets (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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2024-11-17 | ETF Daily News | Telsey Advisory Group Lowers Best Buy (NYSE:BBY) Price Target to $80.00 | Best Buy (NYSE:BBY–Get Free Report)had its price target decreased by stock analysts at Telsey Advisory Group from $85.00 to $80.00 in a research note issued to investors on Friday,Benzingareports. The brokerage currently has a “market perform” rating on the technology retailer’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 19.85% from the company’s current price. A number of other equities analysts also recently issued reports on BBY. Guggenheim reiterated a “buy” rating and issued a $86.00 price objective on shares of Best Buy in a report on Wednesday, August 30th. Truist Financial decreased their price target on shares of Best Buy from $80.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Wells Fargo & Company lowered their target price on shares of Best Buy from $80.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday. The Goldman Sachs Group upgraded Best Buy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $79.00 to $85.00 in a research note on Thursday, October 19th. Finally, TheStreet raised Best Buy from a “c” rating to a “b-” rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.93. Check Out Our Latest Research Report on Best Buy 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 ofBest Buy stockopened at $66.75 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 0.40. Best Buy has a 12-month low of $62.30 and a 12-month high of $93.32. The company has a market cap of $14.53 billion, a P/E ratio of 11.49, a PEG ratio of 1.80 and a beta of 1.53. The company’s fifty day simple moving average is $68.63 and its two-hundred day simple moving average is $74.32. Best Buy (NYSE:BBY–Get Free Report) last issued its quarterly earnings data on Tuesday, August 29th. The technology retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.06 by $0.16. Best Buy had a net margin of 2.91% and a return on equity of 49.40%. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.52 billion. During the same period last year, the business posted $1.54 earnings per share. Best Buy’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts anticipate that Best Buy will post 6.22 EPS for the current year. In related news, insiderTodd G. Hartmansold 7,948 shares of Best Buy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $69.38, for a total value of $551,432.24. Following the completion of the sale, the insider now owns 13,337 shares of the company’s stock, valued at $925,321.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible throughthis hyperlink. In other news, insider Todd G. Hartman sold 7,948 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $69.38, for a total value of $551,432.24. Following the transaction, the insider now owns 13,337 shares in the company, valued at approximately $925,321.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available throughthe SEC website. Also, insiderTodd G. Hartmansold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $71.18, for a total transaction of $355,900.00. Following the sale, the insider now owns 21,285 shares of the company’s stock, valued at $1,515,066.30. The disclosure for this sale can be foundhere. Insiders own 0.56% of the company’s stock. Institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC increased its position in Best Buy by 1,169.3% in the third quarter. Penserra Capital Management LLC now owns 16,069 shares of the technology retailer’s stock worth $1,115,000 after buying an additional 14,803 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in Best Buy by 81.9% in the 3rd quarter. Stonebridge Capital Advisors LLC now owns 411 shares of the technology retailer’s stock worth $29,000 after acquiring an additional 185 shares in the last quarter. Townsquare Capital LLC raised its stake in Best Buy by 19.1% during the 3rd quarter. Townsquare Capital LLC now owns 4,859 shares of the technology retailer’s stock worth $338,000 after acquiring an additional 780 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Best Buy by 37.4% during the third quarter. The Manufacturers Life Insurance Company now owns 208,333 shares of the technology retailer’s stock valued at $14,473,000 after purchasing an additional 56,696 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Best Buy by 35.7% in the third quarter. Royal Bank of Canada now owns 533,114 shares of the technology retailer’s stock worth $37,036,000 after purchasing an additional 140,223 shares during the period. 76.10% of the stock is owned by institutional investors. (Get Free Report) Best Buy Co, Inc engages in the retail of technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, home theater, portable audio comprising headphones and portable speakers, and smart home products. |
2024-11-17 | ETF Daily News | S&T Bancorp (NASDAQ:STBA) Raised to Hold at StockNews.com | StockNews.comupgraded shares ofS&T Bancorp (NASDAQ:STBA–Free Report)from a sell rating to a hold rating in a report issued on Tuesday morning. Separately, Stephens upped their price objective on S&T Bancorp from $29.00 to $30.00 and gave the stock an equal weight rating in a research note on Monday, July 24th. Get Our Latest Stock Analysis on STBA 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 ForeverSTBA stockopened at $28.52 on Tuesday. The business’s 50-day moving average is $27.01 and its two-hundred day moving average is $28.08. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 7.49 and a beta of 0.75. S&T Bancorp has a fifty-two week low of $24.51 and a fifty-two week high of $38.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 0.97. S&T Bancorp (NASDAQ:STBA–Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). S&T Bancorp had a return on equity of 12.21% and a net margin of 29.04%. The business had revenue of $135.14 million during the quarter, compared to analysts’ expectations of $101.80 million. During the same period in the previous year, the business posted $0.95 EPS. As a group, analysts forecast that S&T Bancorp will post 3.65 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.63%. This is a positive change from S&T Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 8th. S&T Bancorp’s dividend payout ratio is currently 34.65%. Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in shares of S&T Bancorp by 26.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 19,151 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 4,058 shares during the period. GSA Capital Partners LLP bought a new stake in S&T Bancorp during the third quarter valued at about $295,000. Royal Bank of Canada lifted its position in shares of S&T Bancorp by 20.4% in the third quarter. Royal Bank of Canada now owns 14,126 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 2,392 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of S&T Bancorp by 32.2% in the third quarter. Alps Advisors Inc. now owns 12,320 shares of the financial services provider’s stock worth $334,000 after acquiring an additional 3,000 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of S&T Bancorp by 74.0% during the third quarter. Lazard Asset Management LLC now owns 6,272 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 2,668 shares in the last quarter. Hedge funds and other institutional investors own 63.42% of the company’s stock. (Get Free Report) S&T Bancorp, Inc operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services. The company operates through six segments: Commercial Real Estate, Commercial and Industrial, Business Banking, Commercial Construction, Consumer Real Estate, and Other Consumer. |
2024-11-17 | ETF Daily News | Trupanion (NASDAQ:TRUP) Stock Price Up 5.8% | Trupanion, Inc. (NASDAQ:TRUP–Get Free Report)’s share price rose 5.8% on Wednesday . The company traded as high as $26.88 and last traded at $26.73. Approximately 54,534 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 945,540 shares. The stock had previously closed at $25.26. TRUP has been the subject of a number of research reports.StockNews.comraised shares of Trupanion from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Piper Sandler reduced their price target on shares of Trupanion from $32.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.14. Check Out Our Latest Research Report on TRUP 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’s fifty day moving average price is $25.44 and its 200 day moving average price is $25.96. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44. In other news, DirectorMichael Doaksold 8,688 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $29.99, for a total transaction of $260,553.12. Following the completion of the transaction, the director now directly owns 5,866 shares of the company’s stock, valued at approximately $175,921.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available throughthis hyperlink. 5.81% of the stock is owned by insiders. Several institutional investors have recently added to or reduced their stakes in TRUP. Capital International Investors lifted its holdings in Trupanion by 159.8% during the 2nd quarter. Capital International Investors now owns 3,232,347 shares of the financial services provider’s stock valued at $63,613,000 after purchasing an additional 1,988,386 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in Trupanion by 122.8% during the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 1,601,998 shares of the financial services provider’s stock valued at $68,710,000 after purchasing an additional 882,811 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Trupanion by 123.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 110,222 shares of the financial services provider’s stock valued at $6,643,000 after purchasing an additional 576,020 shares during the last quarter. Bank of America Corp DE lifted its holdings in Trupanion by 315.5% during the 1st quarter. Bank of America Corp DE now owns 654,008 shares of the financial services provider’s stock valued at $28,050,000 after purchasing an additional 496,619 shares during the last quarter. Finally, Norges Bank acquired a new stake in Trupanion in the 4th quarter valued at about $17,687,000. (Get Free Report) Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians. |
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