The Manufacturers Life Insurance Company Lowers Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

The Manufacturers Life Insurance Company lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 28.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 701,282 shares of the financial services provider's stock after selling 284,737 shares during the period. The Manufacturers Life Insurance Company owned 1.42% of Colliers International Group worth $95,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC lifted its stake in Colliers International Group by 147.4% in the 4th quarter. Aquatic Capital Management LLC now owns 10,143 shares of the financial services provider's stock worth $1,379,000 after purchasing an additional 6,043 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Colliers International Group in the fourth quarter worth about $616,000. Price T Rowe Associates Inc. MD boosted its stake in Colliers International Group by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 458,569 shares of the financial services provider's stock valued at $62,353,000 after buying an additional 4,101 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Colliers International Group during the 4th quarter valued at approximately $438,000. Finally, State of Tennessee Department of Treasury bought a new stake in Colliers International Group in the 4th quarter worth approximately $1,918,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of research reports. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group decreased their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, National Bankshares dropped their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Trading Up 0.4 %

CIGI traded up $0.49 during trading hours on Monday, reaching $122.34. 28,114 shares of the company's stock traded hands, compared to its average volume of 113,705. The firm has a 50-day moving average price of $119.36 and a 200 day moving average price of $134.23. The firm has a market capitalization of $6.03 billion, a PE ratio of 38.36 and a beta of 1.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.