The Manufacturers Life Insurance Company Reduces Stock Holdings in Maximus, Inc. (NYSE:MMS)

The Manufacturers Life Insurance Company lowered its stake in shares of Maximus, Inc. (NYSE:MMS) by 4.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,878 shares of the health services provider’s stock after selling 2,903 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Maximus were worth $6,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MMS. Dimensional Fund Advisors LP increased its position in shares of Maximus by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,153,977 shares of the health services provider’s stock worth $98,904,000 after acquiring an additional 79,092 shares during the period. Van Berkom & Associates Inc. increased its holdings in Maximus by 0.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,146,524 shares of the health services provider’s stock worth $98,257,000 after purchasing an additional 8,811 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Maximus by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 929,066 shares of the health services provider’s stock worth $86,552,000 after purchasing an additional 102,350 shares during the period. Assenagon Asset Management S.A. raised its position in Maximus by 277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 878,894 shares of the health services provider’s stock valued at $81,878,000 after purchasing an additional 645,760 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Maximus by 1.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 705,400 shares of the health services provider’s stock worth $65,715,000 after buying an additional 8,667 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Maximus from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

Insider Buying and Selling

In other Maximus news, insider Michelle F. Link sold 2,208 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.83, for a total value of $163,016.64. Following the completion of the sale, the insider now directly owns 6,567 shares in the company, valued at approximately $484,841.61. This trade represents a 25.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Maximus Stock Down 1.1 %

Shares of NYSE MMS opened at $73.84 on Friday. Maximus, Inc. has a 12-month low of $71.75 and a 12-month high of $93.97. The stock’s fifty day simple moving average is $85.11 and its two-hundred day simple moving average is $87.22. The stock has a market capitalization of $4.45 billion, a PE ratio of 14.77 and a beta of 0.73. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.59.

Maximus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 30th. Stockholders of record on Friday, November 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 15th. Maximus’s payout ratio is currently 24.00%.

Maximus Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.