Mutual of America Capital Management LLC boosted its position in shares of Vector Group Ltd (NYSE:VGR) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,226 shares of the company’s stock after purchasing an additional 18,820 shares during the period. Mutual of America Capital Management LLC owned about 0.31% of Vector Group worth $5,956,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VGR. Bank of Montreal Can boosted its stake in shares of Vector Group by 28.7% during the 2nd quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock worth $288,000 after acquiring an additional 3,371 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Vector Group during the 2nd quarter valued at $556,000. Commonwealth Equity Services LLC lifted its stake in shares of Vector Group by 168.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 211,837 shares of the company’s stock valued at $4,042,000 after buying an additional 133,048 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Vector Group by 154.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 204,040 shares of the company’s stock valued at $3,893,000 after buying an additional 123,950 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Vector Group during the 2nd quarter valued at $1,423,000. Institutional investors own 49.08% of the company’s stock.

VGR opened at $11.75 on Friday. Vector Group Ltd has a fifty-two week low of $11.57 and a fifty-two week high of $23.07. The firm has a market cap of $1.70 billion, a P/E ratio of 20.61 and a beta of 0.27.

Vector Group (NYSE:VGR) last released its earnings results on Wednesday, November 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Vector Group had a net margin of 4.29% and a negative return on equity of 16.61%. The company had revenue of $513.90 million for the quarter, compared to analysts’ expectations of $495.70 million. During the same quarter in the previous year, the company earned $0.15 EPS. Vector Group’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts expect that Vector Group Ltd will post 0.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 17th. This represents a $1.60 dividend on an annualized basis and a yield of 13.62%. Vector Group’s dividend payout ratio is currently 280.70%.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Vector Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Oppenheimer restated a “hold” rating on shares of Vector Group in a research note on Wednesday, November 7th. Finally, UBS Group cut shares of Vector Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 3rd.

In other Vector Group news, Director Bennett S. Lebow sold 100,000 shares of Vector Group stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $12.47, for a total value of $1,247,000.00. Following the sale, the director now directly owns 1,595,306 shares in the company, valued at approximately $19,893,465.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Phillip Md Et Al Frost sold 626,250 shares of Vector Group stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $12.43, for a total transaction of $7,784,287.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,472,029 shares of company stock worth $46,576,002. 12.50% of the stock is currently owned by insiders.

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Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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

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