Metropolitan Life Insurance Co. NY cut its position in Leucadia National Corp. (NYSE:LUK) by 66.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,360 shares of the conglomerate’s stock after selling 104,827 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Leucadia National were worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. boosted its holdings in shares of Leucadia National by 144.5% in the 4th quarter. Macquarie Group Ltd. now owns 7,200 shares of the conglomerate’s stock valued at $478,000 after buying an additional 4,255 shares in the last quarter. Vident Investment Advisory LLC boosted its holdings in shares of Leucadia National by 9.7% in the 4th quarter. Vident Investment Advisory LLC now owns 104,910 shares of the conglomerate’s stock valued at $2,779,000 after buying an additional 9,315 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at $593,000. Verition Fund Management LLC boosted its holdings in shares of Leucadia National by 30.3% in the 4th quarter. Verition Fund Management LLC now owns 53,786 shares of the conglomerate’s stock valued at $1,425,000 after buying an additional 12,499 shares in the last quarter. Finally, PEAK6 Investments L.P. acquired a new position in shares of Leucadia National in the 4th quarter valued at $551,000. Institutional investors and hedge funds own 75.44% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, February 1st. TheStreet cut shares of Leucadia National from a “b” rating to a “c+” rating in a report on Thursday, February 22nd.
Leucadia National (NYSE:LUK) last issued its earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts expect that Leucadia National Corp. will post 1.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, March 16th. Leucadia National’s dividend payout ratio is currently 24.24%.
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Leucadia National Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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