Markel Group Inc. Increases Holdings in Rollins, Inc. (NYSE:ROL)

Markel Group Inc. increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,453,275 shares of the business services provider’s stock after purchasing an additional 14,000 shares during the period. Markel Group Inc. owned 0.30% of Rollins worth $73,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ROL. QRG Capital Management Inc. lifted its holdings in Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its stake in shares of Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares in the last quarter. Quent Capital LLC raised its stake in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. Mather Group LLC. raised its stake in shares of Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 249 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.69% of the stock is owned by insiders.

Rollins Price Performance

ROL opened at $50.19 on Friday. The firm has a market cap of $24.31 billion, a price-to-earnings ratio of 52.28 and a beta of 0.70. Rollins, Inc. has a fifty-two week low of $37.61 and a fifty-two week high of $51.96. The company’s 50-day moving average price is $49.52 and its 200 day moving average price is $48.44. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the company earned $0.28 EPS. Rollins’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.165 dividend. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a yield of 1.32%. Rollins’s dividend payout ratio is 68.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ROL shares. Wells Fargo & Company upped their target price on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.