According to Zacks, “LEUCADIA NATL is a diversified financial services holding company principally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. The Company concentrates on return on investment and cash flow to build long-term shareholder value, rather than emphasizing volume or market share. Additionally, the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses in order to maximize shareholder value. “
Other equities analysts have also recently issued reports about the company. TheStreet upgraded Leucadia National Corp. from a sell rating to a hold rating in a research report on Wednesday, August 10th. Oppenheimer Holdings Inc. lifted their price target on Leucadia National Corp. from $22.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, August 5th.
Leucadia National Corp. (NYSE:LUK) opened at 18.76 on Thursday. Leucadia National Corp. has a 12-month low of $14.27 and a 12-month high of $21.29. The company’s market capitalization is $6.76 billion. The company has a 50 day moving average price of $18.92 and a 200-day moving average price of $17.58.
Leucadia National Corp. (NYSE:LUK) last posted its earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative return on equity of 2.61% and a negative net margin of 2.95%. On average, analysts anticipate that Leucadia National Corp. will post $0.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio (DPR) is currently -32.47%.
In related news, Director W Patrick Campbell bought 56,737 shares of the stock in a transaction dated Thursday, June 30th. The stock was bought at an average price of $17.15 per share, with a total value of $973,039.55. Following the purchase, the director now owns 107,920 shares in the company, valued at approximately $1,850,828. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joseph S. Steinberg sold 200,000 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the sale, the chairman now directly owns 1,992,687 shares of the company’s stock, valued at approximately $37,940,760.48. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Leucadia National Corp. during the second quarter worth $233,000. Kentucky Retirement Systems bought a new stake in Leucadia National Corp. during the second quarter worth $491,000. Mason Street Advisors LLC bought a new stake in Leucadia National Corp. during the second quarter worth $778,000. Royal Bank of Canada raised its stake in Leucadia National Corp. by 0.7% in the second quarter. Royal Bank of Canada now owns 762,012 shares of the company’s stock worth $13,205,000 after buying an additional 5,268 shares during the period. Finally, Cove Street Capital LLC raised its stake in Leucadia National Corp. by 1.6% in the second quarter. Cove Street Capital LLC now owns 690,459 shares of the company’s stock worth $11,966,000 after buying an additional 10,700 shares during the period. 73.14% of the stock is owned by institutional investors.
Leucadia National Corp. Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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