UBS Asset Management Americas Inc. Continues to Hold Holdings in PICO Holdings Inc. (PICO)

UBS Asset Management Americas Inc. continued to hold its stake in shares of PICO Holdings Inc. (NASDAQ:PICO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,599 shares of the financial services provider’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned 0.07% of PICO Holdings worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. TIAA CREF Investment Management LLC raised its position in PICO Holdings by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 69,983 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 415 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in PICO Holdings by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 96,784 shares of the financial services provider’s stock valued at $1,694,000 after purchasing an additional 589 shares in the last quarter. Nisa Investment Advisors LLC raised its position in PICO Holdings by 8.7% during the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 700 shares in the last quarter. American International Group Inc. raised its position in PICO Holdings by 7.0% during the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 875 shares in the last quarter. Finally, Bard Associates Inc. raised its position in PICO Holdings by 0.9% during the second quarter. Bard Associates Inc. now owns 105,980 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

Several research analysts have commented on the stock. ValuEngine downgraded shares of PICO Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of PICO Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th.

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PICO Holdings (NASDAQ:PICO) last announced its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.06 EPS for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. The firm had revenue of $8.63 million during the quarter.

The business also recently disclosed a special dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a dividend of $5.00 per share. The ex-dividend date is Friday, November 3rd.

PICO Holdings Company Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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