HRG Group, Inc. (HRG) Stake Lowered by Legal & General Group Plc
Legal & General Group Plc decreased its stake in shares of HRG Group, Inc. (NYSE:HRG) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,404 shares of the company’s stock after selling 2,146 shares during the quarter. Legal & General Group Plc owned about 0.06% of HRG Group worth $2,132,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in HRG. Acadian Asset Management LLC grew its position in shares of HRG Group by 134.0% during the 2nd quarter. Acadian Asset Management LLC now owns 1,312,552 shares of the company’s stock worth $23,246,000 after buying an additional 751,661 shares during the period. Russell Investments Group Ltd. grew its position in shares of HRG Group by 1,359.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 336,465 shares of the company’s stock worth $5,958,000 after buying an additional 313,404 shares during the period. Bessemer Group Inc. acquired a new stake in shares of HRG Group during the 2nd quarter worth approximately $990,000. Cypress Funds LLC grew its position in shares of HRG Group by 4.8% during the 2nd quarter. Cypress Funds LLC now owns 1,100,000 shares of the company’s stock worth $19,481,000 after buying an additional 50,000 shares during the period. Finally, First Trust Advisors LP grew its position in shares of HRG Group by 29.5% during the 2nd quarter. First Trust Advisors LP now owns 141,464 shares of the company’s stock worth $2,505,000 after buying an additional 32,243 shares during the period. 94.32% of the stock is owned by institutional investors.
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Shares of HRG Group, Inc. (NYSE:HRG) opened at 15.25 on Friday. The firm has a market cap of $3.06 billion, a P/E ratio of 24.72 and a beta of 1.33. HRG Group, Inc. has a 12 month low of $14.07 and a 12 month high of $20.17. The stock’s 50 day moving average is $15.65 and its 200 day moving average is $17.80.
HRG Group (NYSE:HRG) last announced its earnings results on Friday, August 4th. The company reported ($0.01) EPS for the quarter. The business had revenue of $1.30 billion for the quarter. HRG Group had a net margin of 2.49% and a negative return on equity of 5.34%. Equities research analysts expect that HRG Group, Inc. will post $0.78 EPS for the current year.
Separately, BidaskClub downgraded shares of HRG Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd.
About HRG Group
HRG Group, Inc is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd.
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