Amica Mutual Insurance Co. Invests $370,000 in ManpowerGroup Inc. (NYSE:MAN)

Amica Mutual Insurance Co. bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 6,409 shares of the business services provider's stock, valued at approximately $370,000.

A number of other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock valued at $58,444,000 after acquiring an additional 4,113 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of ManpowerGroup by 34.5% in the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after buying an additional 191,901 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of ManpowerGroup in the 4th quarter valued at about $34,200,000. Jacobs Levy Equity Management Inc. grew its position in shares of ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock valued at $40,414,000 after buying an additional 32,083 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ManpowerGroup by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,917 shares of the business services provider's stock valued at $29,144,000 after acquiring an additional 23,741 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

NYSE:MAN traded down $1.07 during mid-day trading on Monday, reaching $57.60. 72,305 shares of the stock were exchanged, compared to its average volume of 782,143. ManpowerGroup Inc. has a 1-year low of $53.31 and a 1-year high of $78.87. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.26 and a beta of 1.43. The business has a fifty day moving average price of $58.26 and a 200 day moving average price of $61.99.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MAN shares. Truist Financial restated a "hold" rating and set a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Barclays reduced their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, UBS Group cut their target price on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and an average target price of $69.33.

ManpowerGroup Company Profile

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.