Insight Folios Inc Sells 357,529 Shares of Vector Group Ltd. (NYSE:VGR)

Insight Folios Inc reduced its position in shares of Vector Group Ltd. (NYSE:VGR) by 58.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,091 shares of the company’s stock after selling 357,529 shares during the period. Insight Folios Inc owned about 0.16% of Vector Group worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC boosted its position in Vector Group by 78.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 666,609 shares of the company’s stock worth $7,046,000 after buying an additional 293,338 shares during the period. Algert Global LLC grew its stake in shares of Vector Group by 72.9% in the second quarter. Algert Global LLC now owns 691,014 shares of the company’s stock worth $7,304,000 after purchasing an additional 291,404 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vector Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 17,868,987 shares of the company’s stock valued at $195,844,000 after purchasing an additional 283,371 shares during the period. Renaissance Technologies LLC raised its position in Vector Group by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 8,309,315 shares of the company’s stock worth $87,829,000 after purchasing an additional 198,893 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Vector Group by 1,098.6% during the 2nd quarter. SG Americas Securities LLC now owns 190,888 shares of the company’s stock worth $2,018,000 after purchasing an additional 174,962 shares during the last quarter. Institutional investors and hedge funds own 64.09% of the company’s stock.

Vector Group Stock Up 0.2 %

Shares of NYSE VGR opened at $14.99 on Monday. The company has a market capitalization of $2.36 billion, a PE ratio of 12.92 and a beta of 1.04. Vector Group Ltd. has a twelve month low of $9.27 and a twelve month high of $15.53. The firm has a fifty day simple moving average of $14.94 and a 200 day simple moving average of $12.53.

Vector Group (NYSE:VGR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $371.91 million during the quarter, compared to analyst estimates of $362.90 million. Vector Group had a negative return on equity of 26.96% and a net margin of 14.05%. As a group, equities analysts expect that Vector Group Ltd. will post 1.22 earnings per share for the current fiscal year.

Vector Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, August 30th. Vector Group’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Ratings Changes

A number of research firms have commented on VGR. Barclays upped their price target on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th. StockNews.com assumed coverage on Vector Group in a report on Saturday. They issued a “strong-buy” rating on the stock.

Vector Group Profile

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20’s, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.