Great West Life Assurance Co. Can Purchases 8,606 Shares of ILG Inc. (ILG)
Great West Life Assurance Co. Can increased its stake in ILG Inc. (NASDAQ:ILG) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,622 shares of the business services provider’s stock after buying an additional 8,606 shares during the period. Great West Life Assurance Co. Can owned about 0.12% of ILG worth $3,176,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of ILG. Strs Ohio boosted its position in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the period. Paradigm Asset Management Co. LLC purchased a new stake in ILG during the fourth quarter valued at approximately $129,000. Gideon Capital Advisors Inc. purchased a new stake in ILG during the fourth quarter valued at approximately $193,000. First Citizens Bank & Trust Co. purchased a new stake in ILG during the first quarter valued at approximately $206,000. Finally, Janney Montgomery Scott LLC purchased a new stake in ILG during the first quarter valued at approximately $243,000. Institutional investors own 82.63% of the company’s stock.
ILG Inc. (NASDAQ:ILG) traded down 1.56% on Friday, hitting $27.71. The company had a trading volume of 5,194,290 shares. The stock has a market capitalization of $3.46 billion, a PE ratio of 11.48 and a beta of 1.54. The stock has a 50 day moving average of $26.26 and a 200-day moving average of $21.03. ILG Inc. has a one year low of $14.10 and a one year high of $28.99.
ILG (NASDAQ:ILG) last released its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.66% and a net margin of 17.63%. The business had revenue of $452 million during the quarter, compared to the consensus estimate of $446.32 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 143.1% on a year-over-year basis. Equities analysts anticipate that ILG Inc. will post $1.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Friday, June 2nd. ILG’s dividend payout ratio is currently 22.30%.
Several equities research analysts have commented on ILG shares. Zacks Investment Research cut ILG from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $22.00) on shares of ILG in a research report on Friday, April 21st. CIBC boosted their price target on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Finally, Imperial Capital boosted their price target on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.33.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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