The Manufacturers Life Insurance Company Invests $1.06 Million in Acadian Asset Management Inc. $AAMI

Key Points

• The Manufacturers Life Insurance Company acquired 14,819 shares of Acadian Asset Management valued at approximately $1.06 million. Institutional investors and hedge funds collectively own 98.69% of AAMI’s outstanding stock.
• Acadian Asset Management reported quarterly earnings of $1.33 per share, beating analyst estimates of $1.03, on revenue of $183.2 million. The stock opened at $93.54, near its 52-week high of $98.52.
• The company announced a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 0.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $81.67.

The Manufacturers Life Insurance Company bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,819 shares of the company's stock, valued at approximately $1,060,000.

Several other large investors have also recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management during the second quarter valued at $31,000. Transamerica Financial Advisors LLC raised its position in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock worth $38,000 after acquiring an additional 635 shares during the period. Allworth Financial LP purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $49,000. Raymond James Financial Inc. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $61,000. Finally, WealthCollab LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $65,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Acadian Asset Management Trading Up 1.4%

Shares of Acadian Asset Management stock opened at $93.54 on Friday. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The firm has a market capitalization of $3.32 billion, a PE ratio of 33.05 and a beta of 1.30. The firm's 50-day moving average price is $86.01 and its 200 day moving average price is $71.55.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The business had revenue of $183.20 million during the quarter. On average, sell-side analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Acadian Asset Management's dividend payout ratio is presently 14.13%.

Analyst Upgrades and Downgrades

AAMI has been the subject of a number of analyst reports. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, July 31st. Weiss Ratings upgraded Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Evercore set a $84.00 target price on Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research lowered Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $81.67.

Acadian Asset Management Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm's core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.

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