Intact Investment Management Inc. Purchases 12,140 Shares of Colliers International Group Inc. $CIGI

Intact Investment Management Inc. grew its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 19.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,180 shares of the financial services provider’s stock after buying an additional 12,140 shares during the period. Intact Investment Management Inc.’s holdings in Colliers International Group were worth $11,759,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in Colliers International Group by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after purchasing an additional 158,668 shares during the last quarter. Ceredex Value Advisors LLC raised its position in shares of Colliers International Group by 2.9% in the second quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock valued at $10,971,000 after purchasing an additional 2,350 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Colliers International Group by 7.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock valued at $16,809,000 after purchasing an additional 9,357 shares during the period. Cidel Asset Management Inc. lifted its stake in shares of Colliers International Group by 1.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock valued at $16,881,000 after buying an additional 1,756 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Colliers International Group by 69.8% during the 2nd quarter. American Century Companies Inc. now owns 361,865 shares of the financial services provider’s stock valued at $47,240,000 after buying an additional 148,783 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CIGI. Raymond James Financial boosted their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. National Bankshares lifted their price target on Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. CIBC increased their price objective on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $139.85 on Monday. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $171.51. The company has a fifty day moving average of $144.65 and a 200-day moving average of $152.09. The company has a market capitalization of $6.96 billion, a P/E ratio of 61.07 and a beta of 1.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

Colliers International Group Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s payout ratio is 13.10%.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.