3i Group (LON:III – Get Free Report) insider Simon Borrows acquired 37,600 shares of the stock in a transaction on Thursday, November 12th. The shares were acquired at an average price of GBX 2,674 per share, for a total transaction of £1,005,424.
3i Group Stock Down 3.0%
3i Group stock opened at GBX 2,628.50 on Friday. 3i Group has a 1-year low of GBX 1,825 and a 1-year high of GBX 3,626. The firm has a market capitalization of £26.65 billion, a price-to-earnings ratio of 4.88, a price-to-earnings-growth ratio of -0.35 and a beta of 1.63. The firm’s fifty day moving average price is GBX 2,535.57 and its two-hundred day moving average price is GBX 2,680.89. The company has a current ratio of 1.50, a quick ratio of 0.09 and a debt-to-equity ratio of 4.79.
3i Group (LON:III – Get Free Report) last issued its quarterly earnings data on Thursday, November 12th. The company reported GBX 160 earnings per share (EPS) for the quarter. 3i Group had a net margin of 94.84% and a return on equity of 16.80%. On average, equities research analysts predict that 3i Group will post 622.71 earnings per share for the current fiscal year.
3i Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 12th that allows the company to buy back £750 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.9% of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.
About 3i Group
3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America. We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets. As proprietary capital investors we have a long-term, responsible approach. We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.
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