CANADA LIFE ASSURANCE Co Has $3.29 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

CANADA LIFE ASSURANCE Co lowered its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,926 shares of the financial services provider's stock after selling 2,358 shares during the period. CANADA LIFE ASSURANCE Co's holdings in FirstService were worth $3,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Berry Wealth Group LP raised its holdings in shares of FirstService by 5.4% in the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 91 shares during the period. Signaturefd LLC increased its position in FirstService by 7.5% during the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after buying an additional 95 shares during the last quarter. Versant Capital Management Inc bought a new stake in FirstService in the fourth quarter valued at approximately $29,000. Advisors Capital Management LLC raised its stake in FirstService by 1.0% in the fourth quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock valued at $4,083,000 after buying an additional 233 shares during the period. Finally, Trust Co. of Vermont bought a new stake in FirstService in the fourth quarter valued at approximately $46,000. Institutional investors own 69.35% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James upped their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Scotiabank dropped their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, TD Securities increased their target price on FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, FirstService presently has an average rating of "Moderate Buy" and an average price target of $206.00.

FirstService Price Performance

NASDAQ:FSV traded up $1.06 during trading hours on Monday, reaching $171.99. 92,096 shares of the company were exchanged, compared to its average volume of 108,635. The company has a market capitalization of $7.82 billion, a P/E ratio of 57.91 and a beta of 1.04. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The business has a 50 day moving average of $169.74 and a 200 day moving average of $179.33.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. Research analysts forecast that FirstService Co. will post 5.27 EPS for the current year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) is currently 38.06%.

FirstService Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.