American International Group Inc. Has $5.45 Million Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

American International Group Inc. decreased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,668 shares of the company’s stock after selling 6,690 shares during the quarter. American International Group Inc. owned approximately 0.13% of Hilton Grand Vacations worth $5,451,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Hilton Grand Vacations by 35.4% during the third quarter. UBS Group AG now owns 85,051 shares of the company’s stock valued at $3,462,000 after purchasing an additional 22,225 shares in the last quarter. Deutsche Bank AG grew its holdings in Hilton Grand Vacations by 3.2% during the 3rd quarter. Deutsche Bank AG now owns 119,329 shares of the company’s stock worth $4,857,000 after acquiring an additional 3,734 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at approximately $85,000. Hsbc Holdings PLC bought a new position in shares of Hilton Grand Vacations during the third quarter valued at $1,050,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Hilton Grand Vacations by 14.1% during the third quarter. Federated Hermes Inc. now owns 13,429 shares of the company’s stock worth $547,000 after purchasing an additional 1,655 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $40.08 on Friday. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02. The firm has a 50 day moving average of $42.03 and a 200-day moving average of $42.82. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

HGV has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They set an “overweight” rating and a $59.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Truist Financial increased their target price on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays boosted their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Mizuho started coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They set a “buy” rating and a $63.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.71.

Insiders Place Their Bets

In other news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares in the company, valued at $2,437,185. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.