The Manufacturers Life Insurance Company Has $960,000 Stake in Triumph Financial, Inc. (NASDAQ:TFIN)

The Manufacturers Life Insurance Company trimmed its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,064 shares of the company’s stock after selling 607 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Triumph Financial worth $960,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Triumph Financial by 258.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,630,607 shares of the company’s stock valued at $215,052,000 after buying an additional 1,896,348 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Triumph Financial by 7.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,142,820 shares of the company’s stock valued at $93,425,000 after buying an additional 79,777 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Triumph Financial by 108.3% in the second quarter. Envestnet Asset Management Inc. now owns 149,150 shares of the company’s stock valued at $12,193,000 after buying an additional 77,546 shares during the period. American Century Companies Inc. lifted its holdings in Triumph Financial by 12.6% in the second quarter. American Century Companies Inc. now owns 570,688 shares of the company’s stock valued at $46,654,000 after buying an additional 63,760 shares during the period. Finally, Sei Investments Co. lifted its holdings in Triumph Financial by 96.7% in the second quarter. Sei Investments Co. now owns 89,974 shares of the company’s stock valued at $7,355,000 after buying an additional 44,233 shares during the period. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Stock Down 1.3 %

Shares of NASDAQ:TFIN opened at $100.56 on Friday. Triumph Financial, Inc. has a 52 week low of $66.85 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $2.35 billion, a PE ratio of 130.67 and a beta of 1.21. The company has a 50 day moving average price of $93.78 and a two-hundred day moving average price of $85.53.

Triumph Financial (NASDAQ:TFIN) last issued its earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Triumph Financial had a net margin of 4.47% and a return on equity of 2.64%. The firm had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Analysts forecast that Triumph Financial, Inc. will post 0.62 earnings per share for the current year.

Insider Buying and Selling at Triumph Financial

In other news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now owns 151,533 shares of the company’s stock, valued at $16,117,049.88. This represents a 8.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.15% of the company’s stock.

Analyst Upgrades and Downgrades

TFIN has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Triumph Financial from $74.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, October 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective on shares of Triumph Financial in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $71.60.

Triumph Financial Profile

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.