Berkley W R Corp acquired a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 209,542 shares of the financial services provider's stock, valued at approximately $9,415,000. St. Joe accounts for approximately 0.4% of Berkley W R Corp's portfolio, making the stock its 13th biggest position. Berkley W R Corp owned approximately 0.36% of St. Joe at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after buying an additional 252,906 shares during the last quarter. Geode Capital Management LLC lifted its stake in St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock worth $40,746,000 after purchasing an additional 8,031 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock valued at $25,350,000 after buying an additional 40,354 shares during the last quarter. Northern Trust Corp boosted its position in shares of St. Joe by 7.4% during the 4th quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider's stock valued at $19,512,000 after acquiring an additional 29,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock valued at $16,380,000 after purchasing an additional 6,904 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.
St. Joe Trading Up 2.3 %
NYSE JOE traded up $0.99 during trading hours on Friday, hitting $44.03. 172,324 shares of the company were exchanged, compared to its average volume of 222,057. The stock has a market cap of $2.56 billion, a PE ratio of 37.31 and a beta of 1.28. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The stock has a 50-day moving average price of $44.63 and a 200 day moving average price of $47.43. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.
St. Joe Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.27%. St. Joe's dividend payout ratio is presently 42.11%.
Insider Activity at St. Joe
In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the transaction, the insider now owns 17,310,124 shares of the company's stock, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 300,000 shares of company stock worth $14,113,022. Insiders own 0.32% of the company's stock.
About St. Joe
(
Free Report)
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.
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