Mutual of America Capital Management LLC Has $692,000 Stake in Signet Jewelers Limited (NYSE:SIG)

Mutual of America Capital Management LLC reduced its stake in shares of Signet Jewelers Limited (NYSE:SIG) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,709 shares of the company’s stock after selling 631 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Signet Jewelers were worth $692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Signet Jewelers by 11.2% during the third quarter. Empowered Funds LLC now owns 88,162 shares of the company’s stock worth $9,093,000 after acquiring an additional 8,880 shares in the last quarter. Royce & Associates LP increased its position in Signet Jewelers by 5.9% in the 3rd quarter. Royce & Associates LP now owns 192,721 shares of the company’s stock worth $19,877,000 after purchasing an additional 10,750 shares during the last quarter. KBC Group NV raised its stake in shares of Signet Jewelers by 25.5% during the 3rd quarter. KBC Group NV now owns 1,293 shares of the company’s stock worth $133,000 after purchasing an additional 263 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $255,000. Finally, Versor Investments LP acquired a new stake in shares of Signet Jewelers during the 3rd quarter valued at about $977,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Bank of America decreased their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Wells Fargo & Company increased their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, October 2nd. Finally, UBS Group decreased their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Signet Jewelers Stock Performance

Shares of SIG opened at $102.09 on Wednesday. The stock has a 50 day simple moving average of $96.86 and a 200 day simple moving average of $91.57. Signet Jewelers Limited has a 52-week low of $72.26 and a 52-week high of $112.06. The firm has a market capitalization of $4.50 billion, a PE ratio of 11.84, a P/E/G ratio of 1.16 and a beta of 2.12.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.11. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. Equities research analysts predict that Signet Jewelers Limited will post 10.8 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 1.14%. Signet Jewelers’s dividend payout ratio (DPR) is 13.43%.

Insiders Place Their Bets

In other news, insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the sale, the insider now owns 68,343 shares of the company’s stock, valued at approximately $6,765,957. The trade was a 24.48 % 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, CEO Virginia Drosos sold 3,475 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $101.67, for a total transaction of $353,303.25. Following the transaction, the chief executive officer now owns 775,345 shares in the company, valued at approximately $78,829,326.15. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock valued at $4,599,306 over the last ninety days. 3.26% of the stock is currently owned by company insiders.

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.