The Manufacturers Life Insurance Company Cuts Stock Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

The Manufacturers Life Insurance Company lowered its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,192 shares of the company’s stock after selling 630 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Sturm, Ruger & Company, Inc. were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its stake in shares of Sturm, Ruger & Company, Inc. by 112.7% during the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after buying an additional 75,625 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after purchasing an additional 13,460 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 15.6% during the 2nd quarter. Rhumbline Advisers now owns 46,685 shares of the company’s stock valued at $1,944,000 after acquiring an additional 6,306 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Sturm, Ruger & Company, Inc. by 33.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 20,734 shares of the company’s stock valued at $864,000 after buying an additional 5,223 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Sturm, Ruger & Company, Inc. in the second quarter worth about $552,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Up 1.5 %

RGR opened at $36.92 on Tuesday. The firm’s 50 day simple moving average is $39.41 and its two-hundred day simple moving average is $41.23. Sturm, Ruger & Company, Inc. has a 1-year low of $35.61 and a 1-year high of $48.20. The company has a market capitalization of $619.89 million, a PE ratio of 21.34 and a beta of 0.16.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.