Zurich Insurance Group Ltd FI Takes $1.26 Million Position in Silgan Holdings Inc. $SLGN

Key Points

• Zurich Insurance Group Ltd FI made a new investment in Silgan Holdings Inc., acquiring 24,600 shares valued at approximately $1.26 million during the first quarter.
• Silgan's most recent earnings report showed earnings per share of $1.01, which was below the consensus estimate of $1.03, despite a revenue increase of 11.4% year-over-year.
• The company is set to pay a quarterly dividend of $0.20 on September 16, representing an annual yield of 1.8%.

Zurich Insurance Group Ltd FI acquired a new position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,600 shares of the industrial products company's stock, valued at approximately $1,258,000.

Several other hedge funds and other institutional investors have also modified their holdings of SLGN. Gotham Asset Management LLC grew its stake in shares of Silgan by 90.5% in the fourth quarter. Gotham Asset Management LLC now owns 51,944 shares of the industrial products company's stock worth $2,704,000 after acquiring an additional 24,676 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Silgan by 36.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock worth $78,885,000 after buying an additional 401,890 shares in the last quarter. Millennium Management LLC boosted its stake in Silgan by 764.7% during the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after buying an additional 895,528 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Silgan during the fourth quarter worth $561,000. Finally, Man Group plc boosted its stake in Silgan by 6.5% during the fourth quarter. Man Group plc now owns 127,003 shares of the industrial products company's stock worth $6,611,000 after buying an additional 7,773 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SLGN. Wells Fargo & Company lifted their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Raymond James Financial cut their price target on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada dropped their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Truist Financial boosted their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, Silgan has an average rating of "Buy" and an average price target of $62.22.

Silgan Stock Performance

Shares of SLGN stock traded down $0.47 during midday trading on Monday, hitting $43.51. 187,079 shares of the company were exchanged, compared to its average volume of 819,527. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan Holdings Inc. has a 52 week low of $43.45 and a 52 week high of $58.14. The firm has a market capitalization of $4.66 billion, a P/E ratio of 15.48, a PEG ratio of 1.14 and a beta of 0.71. The firm's 50 day moving average price is $49.22 and its two-hundred day moving average price is $51.29.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. As a group, equities research analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.8%. Silgan's dividend payout ratio (DPR) is 28.47%.

Insiders Place Their Bets

In related news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the sale, the executive vice president directly owned 142,378 shares of the company's stock, valued at $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.13% of the stock is owned by company insiders.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.