Amica Mutual Insurance Co. Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Amica Mutual Insurance Co. acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,409 shares of the business services provider’s stock, valued at approximately $370,000.

Several other hedge funds also recently made changes to their positions in MAN. WFA Asset Management Corp bought a new stake in ManpowerGroup during the fourth quarter worth approximately $35,000. SRS Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after acquiring an additional 778 shares in the last quarter. R Squared Ltd acquired a new position in shares of ManpowerGroup in the 4th quarter worth $95,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after acquiring an additional 587 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

NYSE MAN opened at $58.56 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.58 and a beta of 1.43. The company has a 50 day simple moving average of $58.27 and a 200-day simple moving average of $62.19. ManpowerGroup Inc. has a 52-week low of $53.31 and a 52-week high of $78.87.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAN shares. Truist Financial reaffirmed a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays decreased their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.33.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.