Cigna Investments Inc. New cut its stake in shares of Federated Investors, Inc. (NYSE:FII) by 22.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,896 shares of the asset manager’s stock after selling 7,095 shares during the period. Cigna Investments Inc. New’s holdings in Federated Investors were worth $703,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tyers Asset Management LLC increased its stake in shares of Federated Investors by 12.7% in the first quarter. Tyers Asset Management LLC now owns 3,916 shares of the asset manager’s stock valued at $103,000 after buying an additional 440 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Federated Investors by 60.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,126 shares of the asset manager’s stock valued at $109,000 after buying an additional 1,559 shares in the last quarter. First Bank & Trust increased its stake in shares of Federated Investors by 16.9% in the first quarter. First Bank & Trust now owns 4,346 shares of the asset manager’s stock valued at $115,000 after buying an additional 627 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Federated Investors by 12.7% in the first quarter. Flinton Capital Management LLC now owns 4,984 shares of the asset manager’s stock valued at $131,000 after buying an additional 560 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of Federated Investors during the first quarter valued at approximately $131,000. Institutional investors own 85.54% of the company’s stock.

Federated Investors, Inc. (NYSE:FII) opened at 27.12 on Friday. Federated Investors, Inc. has a 12 month low of $24.52 and a 12 month high of $33.13. The firm’s 50-day moving average is $28.49 and its 200-day moving average is $27.02. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 12.91 and a beta of 1.42.

Federated Investors (NYSE:FII) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Federated Investors had a net margin of 18.91% and a return on equity of 33.93%. The firm had revenue of $272.80 million during the quarter, compared to analyst estimates of $278.51 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts anticipate that Federated Investors, Inc. will post $2.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, August 4th. Federated Investors’s payout ratio is currently 48.08%.

COPYRIGHT VIOLATION WARNING: “Cigna Investments Inc. New Has $703,000 Position in Federated Investors, Inc. (NYSE:FII)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2017/08/13/cigna-investments-inc-new-has-703000-position-in-federated-investors-inc-nysefii.html.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Federated Investors from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 4th. J P Morgan Chase & Co upgraded shares of Federated Investors from an “underweight” rating to a “neutral” rating and set a $24.00 price target for the company in a research report on Thursday, May 25th. Royal Bank Of Canada began coverage on shares of Federated Investors in a research report on Thursday, June 29th. They set a “sector perform” rating and a $27.00 price target for the company. Credit Suisse Group reduced their price target on shares of Federated Investors from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $28.00 price target on shares of Federated Investors in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.71.

In other news, insider Richard A. Novak sold 2,700 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $27.70, for a total transaction of $74,790.00. Following the completion of the sale, the insider now owns 44,741 shares of the company’s stock, valued at approximately $1,239,325.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John B. Fisher sold 5,041 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $27.97, for a total transaction of $140,996.77. Following the sale, the vice president now directly owns 514,905 shares of the company’s stock, valued at approximately $14,401,892.85. The disclosure for this sale can be found here. Insiders have sold a total of 8,875 shares of company stock valued at $246,998 in the last ninety days. Insiders own 7.10% of the company’s stock.

Federated Investors Company Profile

Federated Investors, Inc (Federated) is a provider of investment management products and related financial services. Federated operates through investment management business segment. It is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products.

Want to see what other hedge funds are holding FII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federated Investors, Inc. (NYSE:FII).

Institutional Ownership by Quarter for Federated Investors (NYSE:FII)

Receive News & Ratings for Federated Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.