CANADA LIFE ASSURANCE Co Has $1.15 Million Stake in Paramount Group, Inc. (NYSE:PGRE)

CANADA LIFE ASSURANCE Co reduced its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 20.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,108 shares of the financial services provider's stock after selling 59,457 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.11% of Paramount Group worth $1,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in Paramount Group by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 5,257 shares during the period. Greenleaf Trust acquired a new position in shares of Paramount Group in the 4th quarter valued at approximately $63,000. US Bancorp DE increased its stake in Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock worth $72,000 after purchasing an additional 3,708 shares in the last quarter. Inspire Investing LLC bought a new stake in Paramount Group during the 4th quarter worth approximately $76,000. Finally, Cibc World Markets Corp acquired a new stake in Paramount Group during the 4th quarter worth approximately $85,000. 65.64% of the stock is owned by institutional investors.

Insider Activity at Paramount Group

In other Paramount Group news, CEO Albert P. Behler purchased 10,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares in the company, valued at $3,120,019.80. The trade was a 1.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th. StockNews.com cut shares of Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Mizuho lowered their target price on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th.

Paramount Group Stock Performance

NYSE:PGRE traded up $0.09 on Friday, hitting $4.69. The company's stock had a trading volume of 2,133,115 shares, compared to its average volume of 1,236,000. The stock has a fifty day moving average of $4.24 and a two-hundred day moving average of $4.63. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $5.47. The firm has a market capitalization of $1.03 billion, a P/E ratio of -4.79 and a beta of 1.12. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $187.02 million during the quarter, compared to the consensus estimate of $180.79 million. Research analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Paramount Group Profile

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.