CANADA LIFE ASSURANCE Co Has $3.13 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

CANADA LIFE ASSURANCE Co lowered its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,229 shares of the business services provider's stock after selling 7,900 shares during the period. CANADA LIFE ASSURANCE Co owned 0.12% of ManpowerGroup worth $3,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAN. Marshall Wace LLP bought a new position in ManpowerGroup in the 4th quarter valued at approximately $2,632,000. Jump Financial LLC acquired a new position in ManpowerGroup in the 4th quarter valued at approximately $5,151,000. Guggenheim Capital LLC lifted its holdings in shares of ManpowerGroup by 18.4% during the fourth quarter. Guggenheim Capital LLC now owns 33,887 shares of the business services provider's stock worth $1,956,000 after purchasing an additional 5,259 shares during the period. XTX Topco Ltd bought a new stake in shares of ManpowerGroup in the fourth quarter worth $1,061,000. Finally, Barclays PLC increased its holdings in ManpowerGroup by 194.3% in the fourth quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock valued at $26,308,000 after purchasing an additional 300,917 shares during the period. Institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

MAN has been the topic of several recent research reports. BMO Capital Markets cut their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. UBS Group lowered their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Truist Financial lowered their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $57.50.

ManpowerGroup Stock Down 0.0 %

NYSE MAN traded down $0.02 on Thursday, hitting $43.05. 185,857 shares of the company were exchanged, compared to its average volume of 626,296. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.01 billion, a PE ratio of 14.42 and a beta of 1.28. The stock has a fifty day moving average of $53.46 and a 200-day moving average of $58.06. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company earned $0.94 EPS. As a group, analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.