Cigna Investments Inc. New Invests $278,000 in Westwood Holdings Group Inc (WHG)
Cigna Investments Inc. New purchased a new stake in shares of Westwood Holdings Group Inc (NYSE:WHG) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 4,856 shares of the asset manager’s stock, valued at approximately $278,000. Cigna Investments Inc. New owned about 0.06% of Westwood Holdings Group as of its most recent filing with the SEC.
Separately, Russell Investments Group Ltd. boosted its position in shares of Westwood Holdings Group by 12.8% in the second quarter. Russell Investments Group Ltd. now owns 3,611 shares of the asset manager’s stock valued at $205,000 after buying an additional 410 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.
Westwood Holdings Group Inc (NYSE WHG) opened at 58.31 on Monday. Westwood Holdings Group Inc has a 12 month low of $49.01 and a 12 month high of $63.99. The company has a 50-day moving average price of $58.46 and a 200 day moving average price of $56.40. The firm has a market cap of $477.44 million, a PE ratio of 18.24 and a beta of 1.52.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.48 annualized dividend and a yield of 4.25%. Westwood Holdings Group’s dividend payout ratio (DPR) is 77.50%.
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Separately, ValuEngine upgraded Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Monday, August 14th.
In other Westwood Holdings Group news, Vice Chairman Susan M. Byrne sold 7,500 shares of Westwood Holdings Group stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $54.85, for a total value of $411,375.00. Following the transaction, the insider now owns 315,181 shares in the company, valued at $17,287,677.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Susan M. Byrne sold 6,500 shares of Westwood Holdings Group stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $60.00, for a total transaction of $390,000.00. Following the completion of the transaction, the insider now owns 275,693 shares in the company, valued at approximately $16,541,580. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,008 shares of company stock worth $3,240,440. 9.60% of the stock is currently owned by company insiders.
Westwood Holdings Group Company Profile
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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