Factory Mutual Insurance Co. Has $22.78 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Factory Mutual Insurance Co. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,100 shares of the business services provider’s stock after selling 800 shares during the quarter. Factory Mutual Insurance Co.’s holdings in S&P Global were worth $22,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Sunpointe LLC bought a new position in shares of S&P Global in the 4th quarter valued at about $212,000. Novak & Powell Financial Services Inc. bought a new stake in S&P Global in the fourth quarter valued at approximately $205,000. Integrated Advisors Network LLC lifted its position in shares of S&P Global by 8.8% in the fourth quarter. Integrated Advisors Network LLC now owns 894 shares of the business services provider’s stock valued at $394,000 after buying an additional 72 shares during the last quarter. Syon Capital LLC boosted its stake in shares of S&P Global by 41.5% during the 4th quarter. Syon Capital LLC now owns 2,240 shares of the business services provider’s stock worth $987,000 after acquiring an additional 657 shares during the period. Finally, Pineridge Advisors LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $26,000. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

SPGI stock traded up $6.89 during midday trading on Friday, reaching $522.01. The company had a trading volume of 662,119 shares, compared to its average volume of 1,199,864. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. The stock has a 50 day moving average price of $507.74 and a 200-day moving average price of $464.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $163.34 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.12 EPS. Equities research analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 40.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. BMO Capital Markets lifted their target price on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus increased their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $560.83.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.