Legal & General Group Plc Buys 2,210 Shares of National HealthCare Co. (NYSE:NHC)

Legal & General Group Plc raised its position in National HealthCare Co. (NYSE:NHC) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,466 shares of the company’s stock after purchasing an additional 2,210 shares during the period. Legal & General Group Plc owned 0.24% of National HealthCare worth $4,030,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in National HealthCare by 345.6% in the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after buying an additional 16,336 shares during the period. Franklin Resources Inc. raised its holdings in shares of National HealthCare by 6.5% during the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock valued at $806,000 after purchasing an additional 409 shares during the period. JPMorgan Chase & Co. boosted its position in shares of National HealthCare by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock worth $5,417,000 after purchasing an additional 2,419 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in National HealthCare in the 4th quarter valued at about $650,000. Finally, Inspire Investing LLC boosted its holdings in National HealthCare by 10.5% in the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company’s stock worth $440,000 after acquiring an additional 390 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Price Performance

NHC stock opened at $92.58 on Wednesday. National HealthCare Co. has a 52-week low of $89.14 and a 52-week high of $138.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. The business has a 50-day simple moving average of $93.35 and a two-hundred day simple moving average of $107.02. The company has a market capitalization of $1.43 billion, a P/E ratio of 11.60 and a beta of 0.42.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, March 28th. National HealthCare’s dividend payout ratio is 37.31%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of National HealthCare from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.