The Manufacturers Life Insurance Company grew its holdings in shares of ILG Inc (NASDAQ:ILG) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,394 shares of the business services provider’s stock after buying an additional 18,917 shares during the period. The Manufacturers Life Insurance Company owned 0.20% of ILG worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in shares of ILG during the 4th quarter valued at $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ILG by 37.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,345 shares of the business services provider’s stock worth $209,000 after acquiring an additional 1,991 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in ILG during the 3rd quarter worth $215,000. First Citizens Bank & Trust Co. acquired a new position in ILG during the 4th quarter worth $311,000. Finally, YHB Investment Advisors Inc. lifted its position in ILG by 20.9% during the 3rd quarter. YHB Investment Advisors Inc. now owns 12,285 shares of the business services provider’s stock worth $328,000 after acquiring an additional 2,121 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.
ILG Inc (ILG) traded down $0.18 during trading hours on Wednesday, reaching $33.70. 1,143,314 shares of the company were exchanged, compared to its average volume of 1,489,240. ILG Inc has a 1-year low of $18.30 and a 1-year high of $34.92. The company has a market capitalization of $4,293.69, a price-to-earnings ratio of 25.29 and a beta of 1.52. The company has a current ratio of 1.86, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58.
ILG (NASDAQ:ILG) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $419.43 million. ILG had a net margin of 9.35% and a return on equity of 8.41%. ILG’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. analysts anticipate that ILG Inc will post 1.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from ILG’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 2.08%. ILG’s dividend payout ratio (DPR) is currently 44.78%.
Several research analysts have recently issued reports on ILG shares. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, January 10th. BidaskClub upgraded shares of ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. ValuEngine upgraded shares of ILG from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Macquarie assumed coverage on shares of ILG in a report on Friday, January 5th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.00.
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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