The Manufacturers Life Insurance Company Makes New Investment in Acadian Asset Management Inc. $AAMI

The Manufacturers Life Insurance Company bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, HoldingsChannel reports. The fund bought 14,819 shares of the company’s stock, valued at approximately $1,060,000.

A number of other large investors have also made changes to their positions in the stock. Strs Ohio purchased a new position in Acadian Asset Management during the fourth quarter worth approximately $738,000. Walleye Capital LLC purchased a new stake in Acadian Asset Management in the 2nd quarter valued at $5,906,000. Summit Global Investments acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $1,209,000. Boston Trust Walden Corp purchased a new position in shares of Acadian Asset Management during the 1st quarter worth $15,325,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Acadian Asset Management by 13.9% during the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock worth $11,130,000 after acquiring an additional 24,885 shares during the period. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Trading Up 1.4%

AAMI stock opened at $93.54 on Friday. The company has a market capitalization of $3.32 billion, a PE ratio of 33.05 and a beta of 1.30. Acadian Asset Management Inc. has a 12-month low of $41.47 and a 12-month high of $98.52. The business’s fifty day moving average price is $86.01 and its 200 day moving average price is $71.55.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $183.20 million for the quarter. Research 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 declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is currently 14.13%.

Analyst Upgrades and Downgrades

AAMI has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research note on Friday, July 10th. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a report on Wednesday, July 29th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.