Hilltop Holdings Inc. (NYSE:HTH) Shares Sold by MetLife Investment Management LLC

Posted by Defense World Staff on Mar 2nd, 2023

MetLife Investment Management LLC cut its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH – Get Rating) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,576 shares of the financial services provider’s stock after selling 4,527 shares during the period. MetLife Investment Management LLC’s holdings in Hilltop were worth $660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HTH. Quadrant Capital Group LLC lifted its position in shares of Hilltop by 1,330.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,416 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,317 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Hilltop by 16.7% during the 2nd quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 456 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in Hilltop in the 3rd quarter valued at $105,000. Neo Ivy Capital Management acquired a new position in Hilltop in the second quarter valued at about $121,000. Finally, SG Americas Securities LLC bought a new stake in shares of Hilltop during the second quarter worth $160,000. 79.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research note on Monday, January 30th. TheStreet raised Hilltop from a “c+” rating to a “b-” rating in a report on Tuesday, November 8th.

Insider Buying and Selling at Hilltop

In other Hilltop news, CEO Jerry Schaffner sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $33.33, for a total value of $1,333,200.00. Following the transaction, the chief executive officer now directly owns 136,763 shares of the company’s stock, valued at $4,558,310.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 22.30% of the company’s stock.

Hilltop Stock Performance

HTH opened at $32.85 on Thursday. Hilltop Holdings Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $34.87. The company has a market capitalization of $2.13 billion, a P/E ratio of 20.28 and a beta of 1.09. The stock has a fifty day moving average of $31.92 and a 200-day moving average of $29.17.

Hilltop (NYSE:HTH – Get Rating) last released its earnings results on Friday, January 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. Hilltop had a return on equity of 5.22% and a net margin of 7.95%. The firm had revenue of $349.76 million for the quarter, compared to analysts’ expectations of $301.53 million. During the same quarter in the previous year, the business posted $0.78 earnings per share. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.57 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This is a positive change from Hilltop’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.95%. Hilltop’s payout ratio is 39.51%.

Hilltop Company Profile

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Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.