Markel Group Inc. Increases Stock Position in Rollins, Inc. $ROL

Markel Group Inc. lifted its holdings in Rollins, Inc. (NYSE:ROL) by 0.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,469,275 shares of the business services provider’s stock after purchasing an additional 7,000 shares during the period. Markel Group Inc. owned about 0.30% of Rollins worth $82,896,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Rollins in the 2nd quarter worth approximately $30,000. GW&K Investment Management LLC lifted its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after purchasing an additional 548 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Rollins by 75.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after purchasing an additional 375 shares during the period. National Pension Service lifted its position in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after purchasing an additional 462 shares during the period. Finally, HM Payson & Co. purchased a new stake in shares of Rollins in the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. UBS Group boosted their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Piper Sandler increased their target price on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Finally, Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Rollins Trading Down 0.2%

NYSE:ROL opened at $56.13 on Wednesday. The firm has a 50 day moving average of $56.86 and a 200 day moving average of $56.72. The stock has a market capitalization of $27.20 billion, a price-to-earnings ratio of 55.57 and a beta of 0.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.12. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a $0.1825 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio is 65.35%.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.