Corebridge Financial Inc. Sells 843 Shares of Chemed Co. (NYSE:CHE)

Corebridge Financial Inc. lessened its holdings in shares of Chemed Co. (NYSE:CHE) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,971 shares of the company’s stock after selling 843 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Chemed worth $8,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its stake in Chemed by 300.0% in the fourth quarter. UMB Bank n.a. now owns 52 shares of the company’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. Atala Financial Inc acquired a new stake in shares of Chemed during the fourth quarter worth $29,000. CBIZ Investment Advisory Services LLC lifted its position in Chemed by 64.7% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 56 shares of the company’s stock valued at $30,000 after acquiring an additional 22 shares in the last quarter. Trust Co. of Vermont bought a new stake in Chemed in the 4th quarter valued at $34,000. Finally, Tortoise Investment Management LLC boosted its stake in Chemed by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 78 shares of the company’s stock worth $41,000 after purchasing an additional 34 shares during the period. 95.85% of the stock is currently owned by institutional investors and hedge funds.

Chemed Stock Up 0.5 %

Shares of CHE stock opened at $612.09 on Friday. Chemed Co. has a 12 month low of $512.12 and a 12 month high of $646.71. The company’s fifty day simple moving average is $573.14 and its 200-day simple moving average is $566.47. The firm has a market cap of $8.96 billion, a PE ratio of 30.93, a P/E/G ratio of 2.15 and a beta of 0.43.

Chemed Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Chemed’s dividend payout ratio is 10.05%.

Insider Transactions at Chemed

In related news, VP Brian C. Judkins purchased 145 shares of Chemed stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $519.50 per share, with a total value of $75,327.50. Following the completion of the transaction, the vice president now owns 1,678 shares of the company’s stock, valued at approximately $871,721. This trade represents a 9.46 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin J. Mcnamara sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $593.67, for a total value of $1,187,340.00. Following the completion of the transaction, the chief executive officer now owns 102,679 shares of the company’s stock, valued at approximately $60,957,441.93. This represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Chemed from $633.00 to $667.00 and gave the company an “outperform” rating in a research note on Friday, March 14th. StockNews.com raised Chemed from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Chemed Company Profile

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates in VITAS and Roto-Rooter segments. It offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.