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.

Institutional Ownership by Quarter for HRG Group (NYSE:HRG)

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