29,113 Shares in BB&T Co. (NYSE:BBT) Acquired by Employers Holdings Inc.

Employers Holdings Inc. acquired a new position in BB&T Co. (NYSE:BBT) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,113 shares of the insurance provider’s stock, valued at approximately $1,430,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BBT. Zeke Capital Advisors LLC grew its stake in BB&T by 1.1% during the 2nd quarter. Zeke Capital Advisors LLC now owns 18,566 shares of the insurance provider’s stock valued at $912,000 after purchasing an additional 198 shares during the last quarter. Graves Light Private Wealth Management Inc. grew its stake in BB&T by 0.4% during the 2nd quarter. Graves Light Private Wealth Management Inc. now owns 52,085 shares of the insurance provider’s stock valued at $2,559,000 after purchasing an additional 200 shares during the last quarter. Weather Gauge Advisory LLC grew its stake in BB&T by 0.3% during the 2nd quarter. Weather Gauge Advisory LLC now owns 78,278 shares of the insurance provider’s stock valued at $3,846,000 after purchasing an additional 206 shares during the last quarter. Lakeview Capital Partners LLC grew its stake in BB&T by 2.5% during the 1st quarter. Lakeview Capital Partners LLC now owns 8,637 shares of the insurance provider’s stock valued at $402,000 after purchasing an additional 209 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in BB&T by 1.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 19,567 shares of the insurance provider’s stock valued at $961,000 after purchasing an additional 250 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors and hedge funds.

BBT has been the topic of several research analyst reports. Morgan Stanley set a $51.00 price target on BB&T and gave the company a “hold” rating in a research note on Friday, August 9th. Deutsche Bank set a $59.00 price target on BB&T and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded BB&T from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on BB&T from $51.50 to $50.50 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, UBS Group dropped their price target on BB&T from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. BB&T has an average rating of “Hold” and an average price target of $53.86.



In related news, insider David Hudson Weaver sold 21,705 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $51.44, for a total value of $1,116,505.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Louis B. Lynn sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Shares of BBT stock traded up $0.85 on Friday, hitting $46.31. The company had a trading volume of 750,597 shares, compared to its average volume of 4,572,818. The firm has a market cap of $35.01 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12. The company has a 50-day moving average price of $49.40 and a 200-day moving average price of $49.26. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.79. BB&T Co. has a twelve month low of $40.68 and a twelve month high of $53.08.

BB&T (NYSE:BBT) last issued its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.01 billion. BB&T had a return on equity of 12.23% and a net margin of 23.58%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Equities research analysts expect that BB&T Co. will post 4.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. BB&T’s dividend payout ratio (DPR) is presently 44.44%.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Institutional Ownership by Quarter for BB&T (NYSE:BBT)

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