ASGN Inc (ASGN) Position Boosted by American International Group Inc.
American International Group Inc. boosted its holdings in ASGN Inc (NYSE:ASGN) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,049 shares of the business services provider’s stock after buying an additional 1,135 shares during the quarter. American International Group Inc.’s holdings in ASGN were worth $3,161,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ASGN. BlackRock Inc. grew its holdings in shares of ASGN by 6.9% during the third quarter. BlackRock Inc. now owns 7,649,596 shares of the business services provider’s stock worth $603,783,000 after purchasing an additional 496,422 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of ASGN during the second quarter worth about $166,294,000. FMR LLC purchased a new position in shares of ASGN during the second quarter worth about $117,721,000. Wells Fargo & Company MN grew its holdings in shares of ASGN by 11.3% during the third quarter. Wells Fargo & Company MN now owns 1,313,134 shares of the business services provider’s stock worth $103,645,000 after purchasing an additional 133,384 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of ASGN during the second quarter worth about $66,059,000. 91.81% of the stock is currently owned by hedge funds and other institutional investors.
NYSE ASGN opened at $61.64 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.22 and a current ratio of 2.22. ASGN Inc has a 52-week low of $58.84 and a 52-week high of $94.25. The stock has a market cap of $3.23 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.19 and a beta of 2.02.
In related news, SVP Jennifer Hankes Painter purchased 1,000 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were purchased at an average price of $65.87 per share, with a total value of $65,870.00. Following the completion of the acquisition, the senior vice president now directly owns 16,019 shares in the company, valued at approximately $1,055,171.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter T. Dameris purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average cost of $65.92 per share, for a total transaction of $988,800.00. Following the acquisition, the chief executive officer now owns 118,580 shares of the company’s stock, valued at $7,816,793.60. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 54,950 shares of company stock worth $3,645,425. Corporate insiders own 3.90% of the company’s stock.
Several equities analysts have issued reports on the company. ValuEngine lowered ASGN from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised ASGN from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a report on Friday, October 26th. Credit Suisse Group dropped their price objective on ASGN from $92.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Robert W. Baird dropped their price objective on ASGN from $91.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, BMO Capital Markets raised their price objective on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $80.00.
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ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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