Tokio Marine Asset Management Co. Ltd. Boosts Stake in Rollins, Inc. (NYSE:ROL)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 287,536 shares of the business services provider's stock after purchasing an additional 89,899 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned 0.06% of Rollins worth $13,327,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in Rollins in the third quarter valued at about $28,000. True Wealth Design LLC grew its stake in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after buying an additional 326 shares during the period. Capital Performance Advisors LLP acquired a new position in Rollins during the 3rd quarter worth approximately $52,000. Finally, Intact Investment Management Inc. purchased a new position in Rollins in the 3rd quarter worth approximately $71,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE:ROL traded down $0.56 on Tuesday, hitting $49.10. The company had a trading volume of 1,159,576 shares, compared to its average volume of 1,573,299. The firm has a 50 day moving average of $48.04 and a two-hundred day moving average of $48.91. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 51.14 and a beta of 0.76. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company's stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROL has been the subject of several research reports. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target for the company. Morgan Stanley raised their price target on Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. UBS Group upped their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Wells Fargo & Company raised their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Finally, StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Hold" and an average target price of $51.50.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.