Liberty Mutual Group Asset Management Inc. Has $423,000 Holdings in Tiffany & Co. (TIF)
Liberty Mutual Group Asset Management Inc. lowered its position in Tiffany & Co. (NYSE:TIF) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,069 shares of the specialty retailer’s stock after selling 582 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Tiffany & Co. were worth $423,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Calton & Associates Inc. bought a new stake in Tiffany & Co. in the fourth quarter worth about $118,000. Denali Advisors LLC bought a new stake in Tiffany & Co. in the fourth quarter worth about $125,000. Sawyer & Company Inc bought a new stake in shares of Tiffany & Co. during the fourth quarter valued at approximately $130,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Tiffany & Co. by 103.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,373 shares of the specialty retailer’s stock valued at $143,000 after acquiring an additional 697 shares in the last quarter. Finally, Osborne Partners Capital Management LLC bought a new stake in shares of Tiffany & Co. during the fourth quarter valued at approximately $208,000. 81.34% of the stock is owned by institutional investors and hedge funds.
TIF has been the subject of several research analyst reports. Oppenheimer reaffirmed a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, January 24th. Royal Bank of Canada set a $94.00 price target on shares of Tiffany & Co. and gave the company a “hold” rating in a research note on Thursday, November 30th. KeyCorp raised shares of Tiffany & Co. from a “sector weight” rating to an “overweight” rating and lifted their price target for the company from $94.50 to $115.00 in a research note on Friday, December 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Tiffany & Co. in a research note on Wednesday, January 17th. Finally, SBG Securities downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $102.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, March 19th. Tiffany & Co.’s payout ratio is 53.76%.
In related news, Director Charles K. Marquis sold 4,717 shares of Tiffany & Co. stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.84, for a total transaction of $508,681.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Philippe Galtie sold 673 shares of Tiffany & Co. stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $107.92, for a total transaction of $72,630.16. Following the transaction, the insider now directly owns 673 shares in the company, valued at $72,630.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,832 shares of company stock worth $14,611,214. 1.40% of the stock is currently owned by corporate insiders.
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Tiffany & Co. Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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