Meag Munich Ergo Kapitalanlagegesellschaft MBH Reduces Stake in Signet Jewelers Ltd. (SIG)
Meag Munich Ergo Kapitalanlagegesellschaft MBH reduced its position in Signet Jewelers Ltd. (NYSE:SIG) by 92.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,896 shares of the company’s stock after selling 33,446 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Signet Jewelers were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of Signet Jewelers by 0.8% in the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after buying an additional 59 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Signet Jewelers by 19.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after buying an additional 335 shares during the last quarter. Hosking Partners LLP boosted its stake in shares of Signet Jewelers by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 119,049 shares of the company’s stock worth $7,923,000 after buying an additional 712 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Signet Jewelers by 9.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,082 shares of the company’s stock worth $538,000 after buying an additional 721 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Signet Jewelers by 1.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 48,700 shares of the company’s stock worth $3,262,000 after buying an additional 734 shares during the last quarter.
Shares of Signet Jewelers Ltd. (NYSE:SIG) opened at $51.37 on Monday. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3,108.71, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.04 and a beta of 0.71. Signet Jewelers Ltd. has a twelve month low of $46.09 and a twelve month high of $77.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be issued a $0.31 dividend. The ex-dividend date is Thursday, February 1st. This represents a $1.24 annualized dividend and a dividend yield of 2.41%. Signet Jewelers’s dividend payout ratio (DPR) is 20.39%.
In other news, insider Oded Edelman bought 90,398 shares of Signet Jewelers stock in a transaction dated Friday, January 12th. The shares were purchased at an average cost of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the acquisition, the insider now owns 33,962 shares of the company’s stock, valued at approximately $1,878,438.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.
A number of equities analysts have recently issued reports on SIG shares. Susquehanna Bancshares began coverage on Signet Jewelers in a research note on Thursday, November 2nd. They issued a “neutral” rating and a $60.00 price target on the stock. Buckingham Research lifted their target price on Signet Jewelers from $55.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wells Fargo & Co downgraded Signet Jewelers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $75.00 to $60.00 in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada lowered their target price on Signet Jewelers from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.67.
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Signet Jewelers Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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