The Manufacturers Life Insurance Company Sells 333 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

The Manufacturers Life Insurance Company trimmed its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,643 shares of the company’s stock after selling 333 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of Donnelley Financial Solutions worth $964,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Donnelley Financial Solutions by 106.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,836 shares of the company’s stock worth $1,174,000 after acquiring an additional 9,197 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Donnelley Financial Solutions by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 351,412 shares of the company’s stock worth $23,133,000 after acquiring an additional 19,740 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Donnelley Financial Solutions by 10.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,678 shares of the company’s stock worth $1,098,000 after acquiring an additional 1,604 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock worth $1,381,000 after acquiring an additional 289 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Donnelley Financial Solutions by 3.1% during the 3rd quarter. Empowered Funds LLC now owns 10,768 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the period. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $61.07 on Friday. The stock has a market cap of $1.76 billion, a PE ratio of 19.08 and a beta of 1.39. The business has a 50-day simple moving average of $62.21 and a two-hundred day simple moving average of $62.98. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a 12-month low of $56.02 and a 12-month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. During the same period in the prior year, the business earned $0.58 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Daniel Leib sold 400 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $70.01, for a total transaction of $28,004.00. Following the completion of the sale, the chief executive officer now directly owns 524,791 shares of the company’s stock, valued at approximately $36,740,617.91. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Jacobowitz sold 73,354 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $69.45, for a total value of $5,094,435.30. Following the completion of the sale, the director now directly owns 1,203,451 shares of the company’s stock, valued at $83,579,671.95. This represents a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 425,331 shares of company stock worth $26,738,613. Corporate insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. B. Riley cut their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).