Verition Fund Management LLC Sells 36,197 Shares of Signet Jewelers Limited (NYSE:SIG)

Verition Fund Management LLC reduced its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,694 shares of the company's stock after selling 36,197 shares during the quarter. Verition Fund Management LLC owned about 0.22% of Signet Jewelers worth $10,076,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SIG. Harbor Capital Advisors Inc. acquired a new stake in Signet Jewelers during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. acquired a new stake in Signet Jewelers during the second quarter worth approximately $51,000. Hexagon Capital Partners LLC increased its holdings in Signet Jewelers by 33.4% in the second quarter. Hexagon Capital Partners LLC now owns 699 shares of the company's stock worth $63,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. lifted its stake in Signet Jewelers by 15.3% in the second quarter. Blue Trust Inc. now owns 917 shares of the company's stock valued at $82,000 after buying an additional 122 shares during the period. Finally, CWM LLC boosted its holdings in shares of Signet Jewelers by 177.3% during the 3rd quarter. CWM LLC now owns 1,148 shares of the company's stock worth $118,000 after buying an additional 734 shares in the last quarter.

Insider Transactions at Signet Jewelers

In related news, CEO Virginia Drosos sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total value of $60,750.00. Following the sale, the chief executive officer now directly owns 728,220 shares of the company's stock, valued at $73,732,275. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joan M. Hilson sold 8,000 shares of Signet Jewelers stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the sale, the insider now owns 200,844 shares of the company's stock, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,957 shares of company stock worth $4,599,306. 3.26% of the stock is owned by company insiders.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock traded up $0.22 during mid-day trading on Friday, hitting $100.20. 564,373 shares of the stock were exchanged, compared to its average volume of 714,032. Signet Jewelers Limited has a 12 month low of $72.26 and a 12 month high of $112.06. The company has a 50-day simple moving average of $97.33 and a 200 day simple moving average of $91.67. The company has a market capitalization of $4.41 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.14 and a beta of 2.12.

Signet Jewelers (NYSE:SIG - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. The business's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. Analysts predict that Signet Jewelers Limited will post 10.8 EPS for the current year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. Signet Jewelers's dividend payout ratio is presently 13.43%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday. StockNews.com upgraded shares of Signet Jewelers from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group reduced their target price on Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Bank of America dropped their price target on Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Finally, Wells Fargo & Company raised their price objective on Signet Jewelers from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of "Moderate Buy" and an average target price of $109.60.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.