Metropolitan Life Insurance Co NY increased its position in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 111,833.3% during the second quarter, HoldingsChannel reports. The fund owned 10,074 shares of the company’s stock after buying an additional 10,065 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Aaron’s were worth $322,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Aaron’s by 134.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 905 shares of the company’s stock worth $29,000 after acquiring an additional 519 shares during the last quarter. Origin Asset Management LLP bought a new stake in Aaron’s during the 2nd quarter worth $208,000. Personal CFO Solutions LLC grew its position in Aaron’s by 4.2% during the 2nd quarter. Personal CFO Solutions LLC now owns 9,199 shares of the company’s stock worth $294,000 after acquiring an additional 374 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Aaron’s during the 1st quarter worth $239,000. Finally, Federated Hermes Inc. lifted its holdings in Aaron’s by 693.5% during the 2nd quarter. Federated Hermes Inc. now owns 9,951 shares of the company’s stock worth $318,000 after buying an additional 8,697 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.
In other Aaron’s news, Director Kelly Hefner Barrett acquired 4,000 shares of the company’s stock in a transaction dated Thursday, November 4th. The shares were bought at an average cost of $25.63 per share, with a total value of $102,520.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Marvonia P. Moore acquired 1,963 shares of the company’s stock in a transaction dated Tuesday, November 16th. The stock was acquired at an average cost of $25.73 per share, for a total transaction of $50,507.99. The disclosure for this purchase can be found here. 2.54% of the stock is currently owned by insiders.
Aaron’s (NYSE:AAN) last announced its earnings results on Monday, October 25th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.26. The firm had revenue of $452.20 million for the quarter, compared to the consensus estimate of $431.25 million. Aaron’s had a return on equity of 18.55% and a net margin of 5.27%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. Equities research analysts forecast that The Aaron’s Company, Inc. will post 3.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 4th. Shareholders of record on Thursday, December 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Wednesday, December 15th. Aaron’s’s payout ratio is presently 14.29%.
Aaron’s Company Profile
Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.
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