Corebridge Financial Inc. Has $1.82 Million Stake in Signet Jewelers Limited (NYSE:SIG)

Corebridge Financial Inc. reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,572 shares of the company’s stock after selling 2,020 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Signet Jewelers worth $1,822,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in Signet Jewelers during the 4th quarter worth approximately $1,138,000. American Century Companies Inc. raised its holdings in Signet Jewelers by 18.9% in the fourth quarter. American Century Companies Inc. now owns 1,150,441 shares of the company’s stock worth $92,852,000 after purchasing an additional 182,948 shares during the period. Magnetar Financial LLC acquired a new position in shares of Signet Jewelers in the 4th quarter valued at $2,418,000. Xponance Inc. grew its holdings in shares of Signet Jewelers by 12.2% in the 4th quarter. Xponance Inc. now owns 3,149 shares of the company’s stock valued at $254,000 after buying an additional 343 shares during the period. Finally, William Blair Investment Management LLC raised its stake in Signet Jewelers by 33.2% during the 4th quarter. William Blair Investment Management LLC now owns 309,129 shares of the company’s stock worth $24,950,000 after buying an additional 76,966 shares during the period.

Signet Jewelers Price Performance

Shares of SIG opened at $60.58 on Thursday. The company has a 50 day moving average of $54.55 and a 200-day moving average of $77.16. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $2.60 billion, a P/E ratio of 6.97, a P/E/G ratio of 3.43 and a beta of 2.20. Signet Jewelers Limited has a twelve month low of $45.55 and a twelve month high of $112.06.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $6.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.39 by $0.23. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business earned $6.73 EPS. The company’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, April 25th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.11%. Signet Jewelers’s dividend payout ratio is -168.42%.

Insider Buying and Selling at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the sale, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Kevin Symancyk purchased 15,000 shares of Signet Jewelers stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $57.45 per share, with a total value of $861,750.00. Following the acquisition, the chief executive officer now directly owns 50,710 shares of the company’s stock, valued at $2,913,289.50. This trade represents a 42.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

SIG has been the subject of several recent analyst reports. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Cfra Research raised Signet Jewelers to a “moderate buy” rating in a research note on Thursday, March 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $55.00 price target on shares of Signet Jewelers in a research note on Wednesday, March 19th. Bank of America lowered their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, UBS Group boosted their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Signet Jewelers Company 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.