Insider Buying: 3i Group plc (III) Insider Acquires 250,000 Shares of Stock

3i Group plc (LON:III) insider Simon Borrows bought 250,000 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were bought at an average price of GBX 804 ($10.51) per share, with a total value of £2,010,000 ($2,626,421.01).

LON III opened at GBX 832.60 ($10.88) on Wednesday. 3i Group plc has a 52-week low of GBX 694 ($9.07) and a 52-week high of GBX 975 ($12.74).

The business also recently announced a dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Thursday, December 13th will be paid a dividend of GBX 15 ($0.20) per share. This represents a dividend yield of 1.78%. The ex-dividend date is Thursday, December 13th.

A number of analysts have recently issued reports on III shares. Barclays raised their target price on shares of 3i Group from GBX 1,040 ($13.59) to GBX 1,100 ($14.37) and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Numis Securities started coverage on shares of 3i Group in a research note on Tuesday, September 4th. They set a “buy” rating and a GBX 1,225 ($16.01) target price for the company. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,105 ($14.44).

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About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.

Further Reading: Call Option

Insider Buying and Selling by Quarter for 3i Group (LON:III)

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