Signet Jewelers Ltd. (SIG) Position Held by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. held its stake in Signet Jewelers Ltd. (NYSE:SIG) during the third quarter, Holdings Channel reports. The firm owned 22,284 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Signet Jewelers were worth $1,661,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SIG. Monarch Partners Asset Management LLC increased its position in Signet Jewelers by 11.2% in the second quarter. Monarch Partners Asset Management LLC now owns 115,879 shares of the company’s stock valued at $9,550,000 after buying an additional 11,702 shares in the last quarter. Amica Pension Fund Board of Trustees purchased a new position in Signet Jewelers during the second quarter valued at approximately $1,362,000. Howard Hughes Medical Institute increased its position in Signet Jewelers by 45.5% in the second quarter. Howard Hughes Medical Institute now owns 47,672 shares of the company’s stock valued at $3,929,000 after buying an additional 14,911 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in Signet Jewelers during the second quarter valued at approximately $3,569,000. Finally, Springowl Associates LLC purchased a new position in Signet Jewelers during the second quarter valued at approximately $1,360,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Signet Jewelers Ltd. (NYSE:SIG) traded down 0.58% during midday trading on Wednesday, reaching $91.29. The company’s stock had a trading volume of 1,337,551 shares. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 13.67 and a beta of 1.17. The stock has a 50-day moving average price of $84.90 and a 200-day moving average price of $86.25. Signet Jewelers Ltd. has a 52-week low of $72.65 and a 52-week high of $135.59.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. Signet Jewelers’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Equities research analysts anticipate that Signet Jewelers Ltd. will post $6.98 earnings per share for the current fiscal year.
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Several equities analysts have commented on SIG shares. Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “sell” rating in a research report on Wednesday, August 10th. Deutsche Bank AG dropped their target price on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, August 23rd. BNP Paribas downgraded Signet Jewelers from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 8th. Cowen and Company downgraded Signet Jewelers from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $96.00 to $85.00 in a research report on Tuesday, September 13th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $90.00 target price (up from $83.00) on shares of Signet Jewelers in a research report on Saturday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $107.19.
About Signet Jewelers
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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