Jupiter Asset Management Ltd. Buys Shares of 10,684 Vector Group Ltd. (NYSE:VGR)

Jupiter Asset Management Ltd. acquired a new position in Vector Group Ltd. (NYSE:VGRFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,684 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State of New Jersey Common Pension Fund D boosted its holdings in Vector Group by 10.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 225,283 shares of the company’s stock worth $2,397,000 after buying an additional 20,686 shares in the last quarter. Swiss National Bank lifted its position in shares of Vector Group by 0.8% during the 3rd quarter. Swiss National Bank now owns 308,573 shares of the company’s stock valued at $3,283,000 after acquiring an additional 2,600 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Vector Group by 14.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 438,528 shares of the company’s stock worth $4,666,000 after acquiring an additional 56,538 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Vector Group in the 3rd quarter worth $1,310,000. Finally, Quantbot Technologies LP acquired a new position in shares of Vector Group in the 3rd quarter worth $43,000. 64.41% of the stock is currently owned by institutional investors.

Vector Group Stock Performance

Vector Group stock opened at $9.95 on Monday. The company has a 50 day moving average price of $10.95 and a 200 day moving average price of $10.91. Vector Group Ltd. has a 52 week low of $9.80 and a 52 week high of $14.39. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.13 and a beta of 1.03.

Vector Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.04%. Vector Group’s dividend payout ratio is 73.40%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VGR shares. StockNews.com upgraded Vector Group from a “hold” rating to a “buy” rating in a research report on Tuesday, December 26th. TheStreet cut shares of Vector Group from a “b-” rating to a “c+” rating in a report on Thursday, December 28th.

Check Out Our Latest Research Report on Vector Group

Insider Activity at Vector Group

In other Vector Group news, Director Bennett S. Lebow sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $11.68, for a total transaction of $584,000.00. Following the completion of the sale, the director now directly owns 144,804 shares in the company, valued at approximately $1,691,310.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.14% of the stock is owned by insiders.

About Vector Group

(Free Report)

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

See Also

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

Receive News & Ratings for Vector Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group and related companies with MarketBeat.com's FREE daily email newsletter.