Eye Catching Stock: The Carlyle Group (NASDAQ:CG)

The Carlyle Group (NASDAQ:CG) changed 0.07% to recent value of $27.52. The stock transacted 748904 shares during most recent day however it has an average volume of 1197.55K shares. It spotted trading -1.47% off 52-week high price. On the other end, the stock has been noted 82.37% away from the low price over the last 52-weeks.

On Oct. 30, 2019, The Hilb Group, LLC (Hilb), a leading national insurance broker, disclosed that it has signed a definitive agreement with global investment firm The Carlyle Group (NASDAQ:CG) for investment funds affiliated with Carlyle to acquire a majority interest of Hilb.  Hilb’s existing management team and employee shareholders are expected to remain significant shareholders.  Hilb is currently a portfolio company of Abry Partners, a Boston-based private equity firm.

Founded in 2009, Hilb employs more than 900 associates and operates 91 branch offices serving all 50 states. Abry Partners invested in Hilb in 2015 and worked closely with management to grow the business into one of the Top 30 insurance brokers in the U.S. according to Business Insurance magazine. The firm was recognized as one of the fastest growing private companies by Inc. magazine in 2018, and ranked a Top 10 fastest growing broker in 2017 by Business Insurance magazine and a Top 100 P/C Agency by Insurance Journal magazine in 2019.

Richard Spiro, Chief Executive Officer at Hilb, said, This investment by Carlyle is a strong endorsement of our growth strategy and represents the next exciting chapter for Hilb.  Carlyle’s additional capital and resources will significantly benefit our company and associates as we grow our business organically and through targeted M&A opportunities.  Working with Abry enabled us to accelerate our development and we are equally excited to have new partners to fuel future growth. We have a rich pipeline of partnership opportunities and look forward to continuing our expansion with Carlyle.

CG has a gross margin of 74.50% and an operating margin of 33.90% while its profit margin remained 9.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained -76.60% for this year while earning per share for the next 5-years is expected to reach at -8.28%.

The company has 341.36M of outstanding shares and 336.65M shares were floated in the market.  The price moved ahead of 4.85% from the mean of 20 days, 9.11% from mean of 50 days SMA and performed 26.99% from mean of 200days price. Company’s performance for the week was 0.33%, 10.26% for month and YTD performance remained 74.73%.

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