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Vector Group (NYSE:VGR) Director Bennett S. Lebow unloaded 50,000 shares of Vector Group stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.44, for a total transaction of $1,172,000.00. Following the sale, the director now directly owns 1,475,958 shares of the company’s stock, valued at approximately $34,596,456. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Vector Group (NYSE:VGR) traded down 0.17% during mid-day trading on Wednesday, hitting $23.44. The stock had a trading volume of 584,013 shares. Vector Group has a 52-week low of $15.4286 and a 52-week high of $23.61. The stock has a 50-day moving average of $21.44 and a 200-day moving average of $20.77. The company has a market cap of $2.354 billion and a P/E ratio of 60.83.

Vector Group (NYSE:VGR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.05. The company had revenue of $406.64 million for the quarter, compared to the consensus estimate of $369.60 million. Vector Group’s revenue was up 9.9% compared to the same quarter last year. Analysts expect that Vector Group will post $0.64 EPS for the current fiscal year.

Separately, analysts at Oppenheimer initiated coverage on shares of Vector Group in a research note on Thursday, June 5th. They set an “outperform” rating and a $25.00 price target on the stock.

Vector Group Ltd is a holding company. The Company operates in tobacco and real estate. The Tobacco segment consists of the manufacture and sale of cigarettes.

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