The Manufacturers Life Insurance Company Acquires 913 Shares of Hilltop Holdings Inc. (NYSE:HTH)

The Manufacturers Life Insurance Company grew its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,416 shares of the financial services provider’s stock after purchasing an additional 913 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hilltop were worth $826,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quest Partners LLC boosted its position in Hilltop by 1.3% during the second quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 375 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Hilltop by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 400 shares in the last quarter. Inspire Investing LLC lifted its stake in Hilltop by 4.7% in the first quarter. Inspire Investing LLC now owns 11,452 shares of the financial services provider’s stock valued at $359,000 after acquiring an additional 514 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Hilltop by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock valued at $1,268,000 after acquiring an additional 514 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Hilltop by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 647 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.99, for a total transaction of $566,009.43. Following the transaction, the director now owns 544,979 shares in the company, valued at $17,978,857.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 28.90% of the stock is owned by company insiders.

Hilltop Stock Up 1.4 %

Shares of NYSE:HTH opened at $31.28 on Monday. The stock has a market cap of $2.04 billion, a PE ratio of 18.29 and a beta of 1.13. Hilltop Holdings Inc. has a 12-month low of $26.78 and a 12-month high of $35.66. The business has a 50 day moving average of $31.68 and a 200-day moving average of $31.23.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter last year, the business earned $0.28 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Hilltop Holdings Inc. will post 1.38 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. Hilltop’s dividend payout ratio is presently 39.77%.

Analyst Upgrades and Downgrades

HTH has been the topic of a number of recent analyst reports. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday. Stephens boosted their target price on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods raised their price target on Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.50.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.