CANADA LIFE ASSURANCE Co Raises Stock Position in Premier, Inc. (NASDAQ:PINC)

CANADA LIFE ASSURANCE Co increased its holdings in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 54.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,172 shares of the company's stock after purchasing an additional 74,920 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.22% of Premier worth $4,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PINC. Marshall Wace LLP grew its position in shares of Premier by 134.2% during the fourth quarter. Marshall Wace LLP now owns 64,923 shares of the company's stock valued at $1,376,000 after purchasing an additional 37,196 shares in the last quarter. XTX Topco Ltd boosted its stake in Premier by 61.4% during the fourth quarter. XTX Topco Ltd now owns 49,697 shares of the company's stock valued at $1,054,000 after buying an additional 18,902 shares during the last quarter. Mariner LLC purchased a new position in Premier during the 4th quarter valued at approximately $282,000. Sterling Capital Management LLC increased its stake in Premier by 44.5% in the 4th quarter. Sterling Capital Management LLC now owns 5,737 shares of the company's stock worth $122,000 after acquiring an additional 1,767 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Premier during the 4th quarter valued at approximately $203,000. Institutional investors own 74.41% of the company's stock.

Premier Stock Down 0.2 %

NASDAQ:PINC traded down $0.04 during mid-day trading on Wednesday, hitting $20.35. 776,502 shares of the stock traded hands, compared to its average volume of 1,262,762. Premier, Inc. has a 52 week low of $17.23 and a 52 week high of $23.56. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -203.48 and a beta of 0.51. The firm's 50 day moving average is $18.96 and its two-hundred day moving average is $20.44.

Premier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 4.13%. Premier's payout ratio is -840.00%.

Wall Street Analysts Forecast Growth

PINC has been the topic of a number of recent research reports. Robert W. Baird decreased their price target on shares of Premier from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Canaccord Genuity Group lowered their price target on shares of Premier from $21.00 to $19.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.17.

Insider Buying and Selling

In other Premier news, General Counsel David L. Klatsky sold 10,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $19.53, for a total value of $195,300.00. Following the transaction, the general counsel now owns 90,597 shares of the company's stock, valued at $1,769,359.41. This represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

About Premier

Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.