Insider Buying: 3i Group (LON:III) Insider Buys £23,254 in Stock

3i Group (LON:III) insider Jasi Halai purchased 770 shares of the stock in a transaction on Thursday, June 27th. The shares were purchased at an average price of GBX 3,020 ($38.31) per share, with a total value of £23,254 ($29,498.92).

Jasi Halai also recently made the following trade(s):

• On Tuesday, April 30th, Jasi Halai acquired 5 shares of 3i Group stock. The stock was bought at an average price of GBX 2,866 ($36.36) per share, with a total value of £143.30 ($181.78).

3i Group Stock Performance

Shares of III stock opened at GBX 3,089.01 ($39.19) on Monday. The firm has a market capitalization of £30.07 billion, a PE ratio of 666.52, a price-to-earnings-growth ratio of -0.35 and a beta of 1.03. The firm has a fifty day simple moving average of GBX 2,955.78 and a two-hundred day simple moving average of GBX 2,666.11. The company has a current ratio of 1.48, a quick ratio of 0.09 and a debt-to-equity ratio of 6.74. 3i Group has a 12 month low of GBX 1,843.50 ($23.39) and a 12 month high of GBX 3,180 ($40.34).

3i Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be issued a dividend of GBX 34.50 ($0.44) per share. This represents a yield of 1.16%. This is an increase from 3i Group’s previous dividend of $26.50. The ex-dividend date of this dividend is Thursday, June 20th. 3i Group’s payout ratio is currently 1,217.39%.

Analysts Set New Price Targets

III has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Friday. Barclays lifted their price objective on shares of 3i Group from GBX 2,815 ($35.71) to GBX 3,050 ($38.69) and gave the company an “overweight” rating in a research note on Friday, May 3rd.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.