Amica Mutual Insurance Co. Sells 15,685 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Amica Mutual Insurance Co. decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,680 shares of the financial services provider’s stock after selling 15,685 shares during the period. Amica Mutual Insurance Co.’s holdings in The Carlyle Group were worth $1,655,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in The Carlyle Group by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 372 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in The Carlyle Group by 4.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 385 shares during the last quarter. Fifth Third Bancorp lifted its stake in The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 446 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of The Carlyle Group by 3.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider’s stock worth $458,000 after buying an additional 460 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of The Carlyle Group by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 92,654 shares of the financial services provider’s stock worth $2,794,000 after buying an additional 470 shares during the period. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the topic of several analyst reports. TD Cowen began coverage on The Carlyle Group in a report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley raised their price target on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Barclays raised their price objective on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, JMP Securities raised their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.07.

The Carlyle Group Stock Performance

NASDAQ:CG traded up $0.20 on Monday, hitting $46.31. The stock had a trading volume of 1,802,401 shares, compared to its average volume of 2,245,348. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of -27.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52. The business’s 50-day simple moving average is $45.97 and its two-hundred day simple moving average is $39.82. The Carlyle Group Inc. has a 52-week low of $25.20 and a 52-week high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same period in the previous year, the firm earned $1.01 EPS. The business’s quarterly revenue was down 15.4% on a year-over-year basis. As a group, research analysts predict that The Carlyle Group Inc. will post 3.97 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s payout ratio is -82.84%.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.