The Manufacturers Life Insurance Company Has $2.37 Million Stock Holdings in Signet Jewelers Limited (NYSE:SIG)

The Manufacturers Life Insurance Company decreased its position in Signet Jewelers Limited (NYSE:SIG) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,019 shares of the company’s stock after selling 349 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Signet Jewelers worth $2,374,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SIG. Ritholtz Wealth Management grew its stake in Signet Jewelers by 4.9% in the third quarter. Ritholtz Wealth Management now owns 2,459 shares of the company’s stock valued at $254,000 after acquiring an additional 115 shares during the period. Blue Trust Inc. grew its position in shares of Signet Jewelers by 15.3% in the 2nd quarter. Blue Trust Inc. now owns 917 shares of the company’s stock valued at $82,000 after purchasing an additional 122 shares during the period. SummerHaven Investment Management LLC increased its stake in Signet Jewelers by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 10,405 shares of the company’s stock worth $932,000 after purchasing an additional 144 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Signet Jewelers during the 3rd quarter worth approximately $25,000. Finally, Cetera Investment Advisers lifted its stake in Signet Jewelers by 2.2% in the second quarter. Cetera Investment Advisers now owns 11,793 shares of the company’s stock valued at $1,056,000 after buying an additional 257 shares in the last quarter.

Analyst Ratings Changes

SIG has been the subject of several research reports. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Thursday. Bank of America reduced their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.60.

Signet Jewelers Price Performance

Shares of NYSE SIG opened at $91.80 on Monday. Signet Jewelers Limited has a fifty-two week low of $72.26 and a fifty-two week high of $112.06. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.12 and a beta of 2.10. The business has a 50-day moving average of $96.90 and a 200-day moving average of $91.43.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. On average, sell-side analysts expect that Signet Jewelers Limited will post 10.78 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 24th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 24th. Signet Jewelers’s dividend payout ratio is currently 13.35%.

Insider Activity

In other Signet Jewelers news, CEO Virginia Drosos sold 3,475 shares of Signet Jewelers stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the transaction, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total transaction of $332,066.79. Following the completion of the transaction, the director now directly owns 26,085 shares in the company, valued at $2,598,848.55. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 in the last quarter. Company insiders own 3.26% of the company’s stock.

Signet Jewelers Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.