MidWestOne Financial Group Inc. Raises Stock Position in Signet Jewelers Limited (NYSE:SIG)

MidWestOne Financial Group Inc. boosted its position in shares of Signet Jewelers Limited (NYSE:SIG - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,372 shares of the company's stock after acquiring an additional 4,436 shares during the period. MidWestOne Financial Group Inc. owned 0.06% of Signet Jewelers worth $1,967,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in Signet Jewelers by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 703 shares of the company's stock valued at $57,000 after acquiring an additional 421 shares in the last quarter. Sterling Capital Management LLC grew its stake in Signet Jewelers by 832.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,362 shares of the company's stock valued at $110,000 after acquiring an additional 1,216 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Signet Jewelers by 32.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,656 shares of the company's stock valued at $123,000 after acquiring an additional 410 shares in the last quarter. KBC Group NV grew its stake in Signet Jewelers by 34.6% during the fourth quarter. KBC Group NV now owns 1,740 shares of the company's stock valued at $140,000 after acquiring an additional 447 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its stake in Signet Jewelers by 14.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 2,788 shares of the company's stock valued at $225,000 after acquiring an additional 358 shares in the last quarter.

Insider Activity at Signet Jewelers

In related news, Director Helen Mccluskey acquired 1,700 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $58.86 per share, for a total transaction of $100,062.00. Following the completion of the acquisition, the director now directly owns 31,916 shares in the company, valued at $1,878,575.76. The trade was a 5.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Kevin Symancyk acquired 15,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $57.45 per share, for a total transaction of $861,750.00. Following the acquisition, the chief executive officer now owns 50,710 shares of the company's stock, valued at approximately $2,913,289.50. This represents a 42.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.26% of the stock is currently owned by corporate insiders.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $64.45 on Wednesday. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 3.43 and a beta of 1.34. The firm's 50-day moving average is $58.70 and its 200 day moving average is $68.03. Signet Jewelers Limited has a 1 year low of $45.55 and a 1 year high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $6.62 EPS for the quarter, beating analysts' consensus estimates of $6.39 by $0.23. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.33 billion. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The firm's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.73 earnings per share. Sell-side analysts anticipate that Signet Jewelers Limited will post 8.73 EPS for the current fiscal year.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, April 25th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.99%. This is a positive change from Signet Jewelers's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 25th. Signet Jewelers's payout ratio is presently -168.42%.

Analysts Set New Price Targets

Several brokerages recently commented on SIG. UBS Group boosted their price objective on shares of Signet Jewelers from $85.00 to $89.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. CL King began coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 target price for the company. Cfra Research upgraded shares of Signet Jewelers to a "moderate buy" rating in a research report on Thursday, March 20th. Telsey Advisory Group reiterated a "market perform" rating and set a $55.00 target price on shares of Signet Jewelers in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company lifted their target price on shares of Signet Jewelers from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $79.67.

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.

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