Zurich Insurance Group Ltd FI Purchases 590,895 Shares of Smurfit Westrock Ltd (NYSE:SW)

Zurich Insurance Group Ltd FI boosted its position in Smurfit Westrock Ltd (NYSE:SW - Free Report) by 44.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,905,979 shares of the company's stock after purchasing an additional 590,895 shares during the period. Smurfit Westrock comprises 0.8% of Zurich Insurance Group Ltd FI's investment portfolio, making the stock its 27th biggest position. Zurich Insurance Group Ltd FI owned approximately 0.37% of Smurfit Westrock worth $102,734,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SW. Vident Advisory LLC increased its stake in shares of Smurfit Westrock by 109.9% during the 4th quarter. Vident Advisory LLC now owns 11,316 shares of the company's stock worth $609,000 after purchasing an additional 5,925 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Smurfit Westrock by 44.0% during the 4th quarter. Royal Bank of Canada now owns 1,067,691 shares of the company's stock worth $57,505,000 after purchasing an additional 326,437 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of Smurfit Westrock by 12.6% during the 4th quarter. Rafferty Asset Management LLC now owns 42,888 shares of the company's stock worth $2,310,000 after purchasing an additional 4,805 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Smurfit Westrock during the 4th quarter worth approximately $3,707,000. Finally, Recurrent Investment Advisors LLC increased its stake in shares of Smurfit Westrock by 100.9% during the 4th quarter. Recurrent Investment Advisors LLC now owns 37,071 shares of the company's stock worth $1,997,000 after purchasing an additional 18,619 shares during the last quarter. 83.38% of the stock is owned by institutional investors.

Smurfit Westrock Stock Down 0.5%

Shares of NYSE:SW opened at $46.43 on Tuesday. The firm has a fifty day moving average price of $42.93 and a two-hundred day moving average price of $49.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a one year low of $37.01 and a one year high of $56.99. The company has a market cap of $24.24 billion, a price-to-earnings ratio of 84.42 and a beta of 1.00.

Smurfit Westrock (NYSE:SW - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.41 billion. Smurfit Westrock's revenue was up 161.3% on a year-over-year basis. Analysts anticipate that Smurfit Westrock Ltd will post 3.25 EPS for the current fiscal year.

Smurfit Westrock Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, May 19th will be issued a $0.4308 dividend. This represents a yield of 3.7%. The ex-dividend date is Friday, May 16th. Smurfit Westrock's payout ratio is 140.98%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SW. Truist Financial decreased their price target on shares of Smurfit Westrock from $62.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Barclays cut their price objective on shares of Smurfit Westrock from $68.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Royal Bank of Canada cut their price objective on shares of Smurfit Westrock from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Smurfit Westrock from $66.00 to $64.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Wells Fargo & Company cut their price objective on shares of Smurfit Westrock from $53.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.20.

Insider Buying and Selling at Smurfit Westrock

In other news, insider Ken Bowles sold 24,225 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $55.06, for a total transaction of $1,333,828.50. Following the sale, the insider now owns 111,458 shares in the company, valued at approximately $6,136,877.48. This trade represents a 17.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Irial Finan acquired 15,180 shares of the stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $39.21 per share, for a total transaction of $595,207.80. Following the transaction, the director now owns 54,893 shares in the company, valued at approximately $2,152,354.53. This represents a 38.22% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.

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