CNA Financial Corp Purchases New Position in Allergan PLC. (AGN)
CNA Financial Corp purchased a new stake in Allergan PLC. (NYSE:AGN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,670 shares of the company’s stock, valued at approximately $2,597,000.
Several other institutional investors and hedge funds also recently bought and sold shares of AGN. Howard Hughes Medical Institute acquired a new stake in shares of Allergan PLC. in the 2nd quarter valued at approximately $103,000. Cable Hill Partners LLC boosted its stake in shares of Allergan PLC. by 255.2% in the 3rd quarter. Cable Hill Partners LLC now owns 515 shares of the company’s stock valued at $106,000 after purchasing an additional 370 shares in the last quarter. Rockefeller Financial Services Inc. boosted its stake in shares of Allergan PLC. by 283.7% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 541 shares of the company’s stock valued at $111,000 after purchasing an additional 400 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Allergan PLC. by 4.9% in the 1st quarter. Jacobi Capital Management LLC now owns 472 shares of the company’s stock valued at $112,000 after purchasing an additional 22 shares in the last quarter. Finally, Massey Quick & Co. LLC boosted its stake in shares of Allergan PLC. by 334.8% in the 2nd quarter. Massey Quick & Co. LLC now owns 500 shares of the company’s stock valued at $122,000 after purchasing an additional 385 shares in the last quarter. Institutional investors own 81.21% of the company’s stock.
Allergan PLC. (NYSE AGN) traded up $1.77 on Wednesday, reaching $173.59. 1,526,850 shares of the company’s stock were exchanged, compared to its average volume of 2,913,987. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 0.40. The stock has a market cap of $57,140.00, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.12. Allergan PLC. has a 1 year low of $169.61 and a 1 year high of $256.80.
Allergan PLC. (NYSE:AGN) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $4.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.06 by $0.09. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.04 billion. Allergan PLC. had a negative net margin of 47.27% and a positive return on equity of 8.00%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.32 EPS. sell-side analysts forecast that Allergan PLC. will post 16.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 16th. Allergan PLC.’s dividend payout ratio is -12.39%.
Allergan PLC. declared that its Board of Directors has authorized a share buyback program on Monday, September 25th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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Several equities research analysts recently commented on the stock. Mizuho reiterated a “buy” rating and set a $267.00 target price on shares of Allergan PLC. in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $285.00 target price on shares of Allergan PLC. and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company lifted their target price on shares of Allergan PLC. to $278.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Credit Suisse Group reiterated an “outperform” rating and set a $286.00 target price (up from $274.00) on shares of Allergan PLC. in a research report on Thursday, July 20th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $278.00 target price (up from $273.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $246.73.
Allergan PLC. Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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