International Seaways, Inc. (NYSE:INSW) Stock Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of International Seaways, Inc. (NYSE:INSW - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,632,753 shares of the transportation company's stock after purchasing an additional 146,145 shares during the period. American Century Companies Inc. owned 3.32% of International Seaways worth $58,681,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in shares of International Seaways during the 4th quarter worth about $37,000. Sunbelt Securities Inc. purchased a new stake in International Seaways during the third quarter worth approximately $52,000. R Squared Ltd purchased a new stake in International Seaways during the 4th quarter worth $59,000. KBC Group NV boosted its position in shares of International Seaways by 60.2% in the fourth quarter. KBC Group NV now owns 1,737 shares of the transportation company's stock worth $62,000 after buying an additional 653 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in International Seaways in the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 67.29% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. SEB Equity Research set a $50.00 price target on shares of International Seaways in a report on Friday, January 24th. Jefferies Financial Group restated a "buy" rating and set a $58.00 target price on shares of International Seaways in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, International Seaways presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.50.

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Insider Buying and Selling

In other news, SVP William F. Nugent sold 1,000 shares of International Seaways stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $39.10, for a total value of $39,100.00. Following the completion of the transaction, the senior vice president now directly owns 48,803 shares of the company's stock, valued at approximately $1,908,197.30. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lois K. Zabrocky sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $34.66, for a total transaction of $69,320.00. Following the sale, the chief executive officer now owns 179,557 shares in the company, valued at approximately $6,223,445.62. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,400 shares of company stock worth $324,296. Corporate insiders own 1.90% of the company's stock.

International Seaways Stock Up 0.9 %

INSW traded up $0.29 during trading on Friday, hitting $33.16. The company had a trading volume of 491,479 shares, compared to its average volume of 713,316. International Seaways, Inc. has a 1-year low of $31.70 and a 1-year high of $65.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market cap of $1.63 billion, a PE ratio of 3.20 and a beta of -0.17. The business has a 50-day moving average of $36.28 and a 200-day moving average of $40.72.

International Seaways Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. International Seaways's payout ratio is 5.72%.

International Seaways Company Profile

International Seaways, Inc owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities.