Vector Group Ltd (VGR) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY cut its position in shares of Vector Group Ltd (NYSE:VGR) by 54.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,260 shares of the company’s stock after selling 36,640 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Vector Group were worth $700,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in shares of Vector Group by 253,400.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,070 shares of the company’s stock valued at $113,000 after purchasing an additional 5,068 shares during the period. Taylor Hoffman Wealth Management acquired a new position in shares of Vector Group during the 4th quarter valued at $184,000. Cypress Capital Group acquired a new position in shares of Vector Group during the 4th quarter valued at $208,000. JPMorgan Chase & Co. increased its position in shares of Vector Group by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,348 shares of the company’s stock valued at $257,000 after purchasing an additional 2,567 shares during the period. Finally, Parametrica Management Ltd increased its position in shares of Vector Group by 22.8% during the 4th quarter. Parametrica Management Ltd now owns 13,009 shares of the company’s stock valued at $291,000 after purchasing an additional 2,414 shares during the period. Institutional investors own 49.25% of the company’s stock.

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Shares of VGR stock opened at $20.42 on Monday. Vector Group Ltd has a 1 year low of $18.70 and a 1 year high of $23.14. The firm has a market cap of $2,743.73, a PE ratio of 34.03 and a beta of 0.38. The company has a debt-to-equity ratio of -3.83, a quick ratio of 2.56 and a current ratio of 3.00.

Vector Group (NYSE:VGR) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $435.70 million for the quarter, compared to analyst estimates of $425.80 million. Vector Group had a net margin of 4.68% and a negative return on equity of 28.77%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. research analysts expect that Vector Group Ltd will post 0.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date was Monday, March 19th. Vector Group’s payout ratio is 266.67%.

Several brokerages have recently issued reports on VGR. ValuEngine cut Vector Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut Vector Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th.

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About Vector Group

Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.

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Institutional Ownership by Quarter for Vector Group (NYSE:VGR)

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