American International Group Inc. lessened its stake in Hilltop Holdings Inc. (NYSE:HTH) by 4.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 45,434 shares of the financial services provider’s stock after selling 1,957 shares during the period. American International Group Inc.’s holdings in Hilltop were worth $829,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of Hilltop during the 4th quarter worth approximately $35,000. Rhumbline Advisers increased its holdings in Hilltop by 39.1% during the fourth quarter. Rhumbline Advisers now owns 109,315 shares of the financial services provider’s stock worth $1,949,000 after buying an additional 30,746 shares during the last quarter. SG Americas Securities LLC bought a new position in Hilltop during the fourth quarter worth $178,000. Creative Planning boosted its position in Hilltop by 1.8% during the fourth quarter. Creative Planning now owns 30,872 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 548 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Hilltop by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 27,458 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 1,070 shares during the period. Hedge funds and other institutional investors own 60.87% of the company’s stock.
In other news, insider Hill A. Feinberg sold 40,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $20.26, for a total value of $810,400.00. Following the completion of the transaction, the insider now owns 809,153 shares of the company’s stock, valued at approximately $16,393,439.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 21.20% of the company’s stock.
Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.15. The firm had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. As a group, equities analysts expect that Hilltop Holdings Inc. will post 1.67 EPS for the current year.
HTH has been the subject of a number of recent research reports. Piper Jaffray Companies raised shares of Hilltop from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Thursday, March 28th. ValuEngine upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Zacks Investment Research upgraded Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Tuesday, April 30th. Finally, TheStreet upgraded Hilltop from a “c” rating to a “b” rating in a report on Wednesday, May 1st. Three investment 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 presently has an average rating of “Buy” and a consensus target price 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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