Insider Selling: ManpowerGroup Inc. (MAN) EVP Sells 7,127 Shares of Stock

ManpowerGroup Inc. (NYSE:MAN) EVP Mara E. Swan sold 7,127 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total transaction of $846,972.68. Following the transaction, the executive vice president now owns 27,986 shares in the company, valued at approximately $3,325,856.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of ManpowerGroup Inc. (NYSE:MAN) traded up $1.99 on Tuesday, reaching $119.43. 514,359 shares of the company’s stock were exchanged, compared to its average volume of 461,332. The stock has a market capitalization of $7,780.00, a PE ratio of 14.82 and a beta of 1.28. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. ManpowerGroup Inc. has a twelve month low of $94.34 and a twelve month high of $136.93.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.54 billion. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 earnings per share. sell-side analysts forecast that ManpowerGroup Inc. will post 8.96 EPS for the current fiscal year.

Several equities analysts recently issued reports on MAN shares. Deutsche Bank reiterated a “hold” rating and set a $110.00 price target on shares of ManpowerGroup in a research report on Tuesday, January 9th. BMO Capital Markets cut their price objective on shares of ManpowerGroup to $136.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Zacks Investment Research cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price objective (up previously from $111.00) on shares of ManpowerGroup in a report on Monday, October 23rd. Finally, ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its stake in shares of ManpowerGroup by 33.2% in the fourth quarter. Acadian Asset Management LLC now owns 2,296,960 shares of the business services provider’s stock worth $289,674,000 after buying an additional 573,030 shares in the last quarter. State Treasurer State of Michigan lifted its stake in shares of ManpowerGroup by 794.1% in the third quarter. State Treasurer State of Michigan now owns 247,030 shares of the business services provider’s stock worth $29,105,000 after buying an additional 219,400 shares in the last quarter. Koch Industries Inc. bought a new position in shares of ManpowerGroup in the second quarter worth approximately $208,000. APG Asset Management N.V. lifted its stake in shares of ManpowerGroup by 24.5% in the third quarter. APG Asset Management N.V. now owns 957,439 shares of the business services provider’s stock worth $112,805,000 after buying an additional 188,700 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of ManpowerGroup by 96.3% in the third quarter. Janus Henderson Group PLC now owns 378,265 shares of the business services provider’s stock worth $44,568,000 after buying an additional 185,591 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

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ManpowerGroup Company Profile

ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.

Insider Buying and Selling by Quarter for ManpowerGroup (NYSE:MAN)

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