American Financial Group Inc. held its position in shares of Leucadia National Corporation (NYSE:LUK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,474 shares of the conglomerate’s stock at the end of the second quarter. American Financial Group Inc.’s holdings in Leucadia National Corporation were worth $431,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Prudential Financial Inc. increased its stake in Leucadia National Corporation by 175.4% in the first quarter. Prudential Financial Inc. now owns 1,976,039 shares of the conglomerate’s stock worth $51,377,000 after buying an additional 1,258,470 shares during the period. Shell Asset Management Co. increased its stake in Leucadia National Corporation by 9.2% in the first quarter. Shell Asset Management Co. now owns 21,005 shares of the conglomerate’s stock worth $546,000 after buying an additional 1,778 shares during the period. Clearbridge Investments LLC increased its stake in Leucadia National Corporation by 23.1% in the first quarter. Clearbridge Investments LLC now owns 32,000 shares of the conglomerate’s stock worth $832,000 after buying an additional 6,000 shares during the period. Teza Capital Management LLC acquired a new stake in Leucadia National Corporation during the first quarter worth $350,000. Finally, Jane Street Group LLC acquired a new stake in Leucadia National Corporation during the first quarter worth $789,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.
Shares of Leucadia National Corporation (LUK) opened at 23.97 on Monday. The stock has a market capitalization of $8.60 billion, a P/E ratio of 14.21 and a beta of 1.25. The company has a 50 day moving average price of $26.08 and a 200-day moving average price of $25.66. Leucadia National Corporation has a 1-year low of $17.87 and a 1-year high of $27.33.
Leucadia National Corporation (NYSE:LUK) last posted its earnings results on Thursday, July 27th. The conglomerate reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by $0.14. Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that Leucadia National Corporation will post $1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be given a $0.10 dividend. This is a boost from Leucadia National Corporation’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, September 15th. Leucadia National Corporation’s dividend payout ratio (DPR) is currently 3.55%.
A number of research firms recently weighed in on LUK. BidaskClub downgraded Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Leucadia National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, TheStreet upgraded Leucadia National Corporation from a “c” rating to a “b” rating in a research note on Friday, May 5th.
Leucadia National Corporation 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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