8,118 Shares in Rollins, Inc. (NYSE:ROL) Purchased by Allstate Corp

Allstate Corp acquired a new stake in Rollins, Inc. (NYSE:ROL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 8,118 shares of the business services provider’s stock, valued at approximately $376,000.

Several other hedge funds have also recently modified their holdings of ROL. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter valued at approximately $29,000. Centricity Wealth Management LLC bought a new position in Rollins in the 4th quarter valued at $31,000. Versant Capital Management Inc increased its position in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Rollins during the 4th quarter worth $47,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after purchasing an additional 292 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,338 shares of company stock valued at $945,882. Corporate insiders own 4.47% of the company’s stock.

Rollins Trading Up 0.8 %

NYSE:ROL opened at $54.77 on Thursday. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $54.85. The stock’s fifty day moving average price is $51.24 and its two-hundred day moving average price is $49.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of $26.57 billion, a P/E ratio of 57.05 and a beta of 0.78.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.21%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Morgan Stanley upped their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus price target of $52.00.

About Rollins

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.