The Manufacturers Life Insurance Company Has $142,000 Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

The Manufacturers Life Insurance Company grew its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,015 shares of the savings and loans company’s stock after acquiring an additional 1,911 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kearny Financial were worth $142,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Kearny Financial by 101.6% in the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock worth $8,733,000 after buying an additional 715,500 shares during the last quarter. Millennium Management LLC grew its position in shares of Kearny Financial by 144.1% in the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock valued at $4,909,000 after purchasing an additional 471,155 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kearny Financial by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock worth $2,624,000 after purchasing an additional 15,423 shares during the period. American Century Companies Inc. lifted its position in shares of Kearny Financial by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock worth $2,407,000 after purchasing an additional 10,220 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Kearny Financial by 109.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 184,591 shares of the savings and loans company’s stock worth $1,135,000 after purchasing an additional 96,628 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity

In other Kearny Financial news, EVP Thomas Demedici sold 6,304 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $6.00, for a total transaction of $37,824.00. Following the completion of the transaction, the executive vice president now owns 70,614 shares in the company, valued at approximately $423,684. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a report on Tuesday, July 30th.

Kearny Financial Stock Down 1.7 %

Shares of NASDAQ:KRNY opened at $7.39 on Friday. Kearny Financial Corp. has a 12 month low of $5.28 and a 12 month high of $9.46. The company’s 50-day moving average price is $6.69 and its two-hundred day moving average price is $6.22. The firm has a market cap of $476.19 million, a P/E ratio of 29.56 and a beta of 0.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.27.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%. The business had revenue of $39.08 million during the quarter, compared to analyst estimates of $39.00 million.

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend was Monday, August 12th. Kearny Financial’s payout ratio is currently 176.00%.

Kearny Financial Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.