New Vernon Capital Holdings II LLC Makes New $11.42 Million Investment in ManpowerGroup Inc. $MAN

Key Points

• New Vernon Capital Holdings II LLC has acquired 197,313 shares of ManpowerGroup Inc., worth approximately $11.42 million, marking a new position in the company during the first quarter.
• ManpowerGroup reported a quarterly EPS of $0.78, exceeding analysts' estimates, with revenues of $4.52 billion, although year-over-year revenue showed a slight decline of 0.5%.
• Analysts have upgraded ManpowerGroup's rating to "hold" and set a consensus target price of $48.20, reflecting cautious optimism about the company's performance.

New Vernon Capital Holdings II LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 197,313 shares of the business services provider's stock, valued at approximately $11,420,000. New Vernon Capital Holdings II LLC owned approximately 0.43% of ManpowerGroup at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC increased its holdings in ManpowerGroup by 2.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock worth $675,000 after purchasing an additional 238 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of ManpowerGroup by 48.6% in the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. CW Advisors LLC increased its holdings in shares of ManpowerGroup by 4.1% in the 1st quarter. CW Advisors LLC now owns 6,953 shares of the business services provider's stock valued at $402,000 after acquiring an additional 273 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of ManpowerGroup by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock valued at $6,249,000 after acquiring an additional 278 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of ManpowerGroup by 2.8% in the 4th quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock valued at $618,000 after acquiring an additional 290 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

ManpowerGroup stock traded down $0.52 during midday trading on Wednesday, reaching $37.93. 407,940 shares of the stock traded hands, compared to its average volume of 901,868. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $42.22 and a two-hundred day moving average price of $45.90. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -99.80 and a beta of 1.08. ManpowerGroup Inc. has a fifty-two week low of $37.57 and a fifty-two week high of $75.57.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%.The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. ManpowerGroup has set its Q3 2025 guidance at 0.770-0.870 EPS. On average, equities research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAN. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group boosted their price target on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $48.20.

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.