MetLife Investment Advisors LLC reduced its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 15.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,924 shares of the financial services provider’s stock after selling 5,485 shares during the period. MetLife Investment Advisors LLC’s holdings in Hilltop were worth $528,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Hilltop by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,143,781 shares of the financial services provider’s stock valued at $91,714,000 after buying an additional 104,101 shares during the last quarter. Norges Bank acquired a new position in shares of Hilltop during the fourth quarter valued at about $23,617,000. American Century Companies Inc. raised its position in shares of Hilltop by 26.3% during the fourth quarter. American Century Companies Inc. now owns 1,280,169 shares of the financial services provider’s stock valued at $22,825,000 after buying an additional 266,780 shares during the last quarter. Context BH Capital Management LP raised its position in shares of Hilltop by 6.0% during the fourth quarter. Context BH Capital Management LP now owns 1,024,439 shares of the financial services provider’s stock valued at $18,266,000 after buying an additional 57,572 shares during the last quarter. Finally, Royce & Associates LP raised its position in Hilltop by 5.7% in the fourth quarter. Royce & Associates LP now owns 827,600 shares of the financial services provider’s stock worth $14,756,000 after purchasing an additional 44,600 shares in the last quarter. Institutional investors and hedge funds own 60.85% of the company’s stock.
In related news, insider Hill A. Feinberg sold 40,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $20.26, for a total transaction of $810,400.00. Following the sale, the insider now directly owns 809,153 shares in the company, valued at $16,393,439.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 21.20% of the company’s stock.
Hilltop (NYSE:HTH) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The company had revenue of $361.40 million for the quarter, compared to analyst estimates of $335.96 million. Hilltop had a net margin of 8.30% and a return on equity of 6.90%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. As a group, analysts anticipate that Hilltop Holdings Inc. will post 1.7 EPS for the current year.
Several research firms recently issued reports on HTH. TheStreet lowered shares of Worthington Industries from a “b-” rating to a “c+” rating in a research report on Monday, June 10th. ValuEngine lowered shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Seattle Genetics in a research note on Thursday, March 28th. Finally, Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hilltop currently has an average rating of “Buy” and a consensus price target of $21.90.
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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