The St. Joe Company (NYSE:JOE) Position Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,707 shares of the financial services provider’s stock after purchasing an additional 1,375 shares during the period. The Manufacturers Life Insurance Company’s holdings in St. Joe were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in JOE. Annex Advisory Services LLC boosted its position in shares of St. Joe by 7.4% during the 1st quarter. Annex Advisory Services LLC now owns 16,354 shares of the financial services provider’s stock valued at $948,000 after purchasing an additional 1,131 shares in the last quarter. Viewpoint Capital Management LLC boosted its position in shares of St. Joe by 27.7% during the 1st quarter. Viewpoint Capital Management LLC now owns 6,384 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 1,384 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of St. Joe by 5.9% during the 1st quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock valued at $11,363,000 after purchasing an additional 10,943 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of St. Joe by 54.9% during the 1st quarter. Private Advisor Group LLC now owns 6,403 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 2,269 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of St. Joe by 14.2% during the 1st quarter. BNP Paribas Financial Markets now owns 30,798 shares of the financial services provider’s stock valued at $1,785,000 after purchasing an additional 3,840 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $59.25 on Friday. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69. The company has a 50-day moving average of $58.40 and a 200-day moving average of $57.46. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 42.32 and a beta of 1.26. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 EPS for the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%. The company had revenue of $111.60 million during the quarter.

St. Joe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.95%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 9th. St. Joe’s dividend payout ratio (DPR) is presently 40.00%.

Insiders Place Their Bets

In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now directly owns 17,878,924 shares in the company, valued at $1,078,814,274.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the sale, the director now directly owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Berkowitz sold 54,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $63.76, for a total transaction of $3,443,040.00. Following the completion of the sale, the director now directly owns 18,200,624 shares of the company’s stock, valued at $1,160,471,786.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 285,000 shares of company stock worth $17,558,573 over the last ninety days. 38.80% of the stock is currently owned by company insiders.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.