Allergan PLC. (NYSE:AGN) Director Christopher J. Coughlin acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $163.30 per share, for a total transaction of $1,633,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Allergan PLC. (AGN) traded down $3.04 on Tuesday, hitting $166.90. The company’s stock had a trading volume of 3,420,700 shares, compared to its average volume of 2,912,006. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.18 and a quick ratio of 1.08. The firm has a market cap of $55,510.00, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.14 and a beta of 1.11. Allergan PLC. has a 1 year low of $166.06 and a 1 year high of $256.80.

Allergan (NYSE:AGN) last released its earnings results on Wednesday, November 1st. The company reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.09. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.04 billion. Allergan had a positive return on equity of 8.00% and a negative net margin of 47.27%. Allergan’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.32 earnings per share. research analysts expect that Allergan PLC. will post 16.28 EPS for the current year.

Allergan declared that its board has approved a share repurchase program on Monday, September 25th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, November 16th. Allergan’s payout ratio is currently -12.39%.

Several research firms recently weighed in on AGN. Cantor Fitzgerald set a $191.00 price target on Allergan and gave the company a “hold” rating in a research report on Saturday. Morgan Stanley raised Allergan from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $171.92 to $200.00 in a research report on Wednesday, November 29th. Leerink Swann reissued an “outperform” rating and set a $237.00 price target on shares of Allergan in a research report on Monday, November 27th. Wells Fargo & Company restated an “outperform” rating and issued a $245.00 target price (down previously from $258.00) on shares of Allergan in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada lowered their target price on Allergan from $250.00 to $221.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Allergan has a consensus rating of “Buy” and an average price target of $244.47.

A number of institutional investors have recently bought and sold shares of AGN. Edgewood Management LLC raised its position in shares of Allergan by 24.3% in the third quarter. Edgewood Management LLC now owns 4,445,924 shares of the company’s stock valued at $911,192,000 after buying an additional 869,248 shares in the last quarter. Baupost Group LLC MA raised its position in Allergan by 21.9% during the third quarter. Baupost Group LLC MA now owns 2,964,203 shares of the company’s stock valued at $607,513,000 after purchasing an additional 531,600 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Allergan by 4,852.6% during the third quarter. Asset Management One Co. Ltd. now owns 503,088 shares of the company’s stock valued at $103,108,000 after purchasing an additional 492,930 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Allergan by 2.2% during the second quarter. Vanguard Group Inc. now owns 22,835,689 shares of the company’s stock worth $5,551,128,000 after buying an additional 482,220 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Allergan during the third quarter worth $92,182,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

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Allergan Company Profile

Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.

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