Great West Life Assurance Co. Can Has $1.51 Million Stock Holdings in Vector Group Ltd. (NYSE:VGR)

06 Dec 2023, 10:00 by Tristan Rich · The Markets Daily

Great West Life Assurance Co. Can decreased its position in shares of Vector Group Ltd. (NYSE:VGR – Free Report) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,993 shares of the company’s stock after selling 10,127 shares during the period. Great West Life Assurance Co. Can owned about 0.08% of Vector Group worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VGR. Goldman Sachs Group Inc. boosted its position in shares of Vector Group by 239.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,451,368 shares of the company’s stock worth $17,474,000 after acquiring an additional 1,024,249 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Vector Group during the 4th quarter worth approximately $10,533,000. Vanguard Group Inc. boosted its position in shares of Vector Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 17,140,300 shares of the company’s stock worth $206,369,000 after acquiring an additional 673,806 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Vector Group by 56.4% during the 4th quarter. Marshall Wace LLP now owns 1,236,266 shares of the company’s stock worth $14,662,000 after acquiring an additional 445,740 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Vector Group by 26.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,939,958 shares of the company’s stock worth $23,358,000 after acquiring an additional 406,924 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Vector Group from a “hold” rating to a “buy” rating in a research note on Monday, November 13th.

Check Out Our Latest Report on Vector Group

Insider Activity

In other Vector Group news, insider J Bryant Kirkland III purchased 10,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $10.32 per share, with a total value of $103,200.00. Following the completion of the purchase, the insider now owns 450,623 shares of the company’s stock, valued at $4,650,429.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.14% of the company’s stock.

Vector Group Price Performance

Shares of NYSE:VGR opened at $11.14 on Wednesday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 10.22 and a beta of 1.11. The firm has a 50 day simple moving average of $10.69 and a 200 day simple moving average of $11.48. Vector Group Ltd. has a one year low of $9.86 and a one year high of $14.39.

Vector Group (NYSE:VGR – Get Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $364.11 million during the quarter, compared to the consensus estimate of $387.50 million. Vector Group had a net margin of 12.16% and a negative return on equity of 23.33%. As a group, analysts expect that Vector Group Ltd. will post 1.13 EPS for the current year.

Vector Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Thursday, November 30th. Vector Group’s payout ratio is currently 73.40%.

Vector Group Company Profile

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