Skandinaviska Enskilda Banken AB publ Acquires Shares of 20,000 Signify Health, Inc. (NYSE:SGFY)

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Signify Health, Inc. (NYSE:SGFY – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. KRYGER CAPITAL Ltd acquired a new position in Signify Health during the 3rd quarter valued at about $80,629,000. Point72 Asset Management L.P. grew its stake in shares of Signify Health by 88.8% in the second quarter. Point72 Asset Management L.P. now owns 2,437,800 shares of the company’s stock worth $33,642,000 after acquiring an additional 1,146,372 shares during the last quarter. Vanguard Group Inc. boosted its stake in Signify Health by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,325,058 shares of the company’s stock worth $42,200,000 after buying an additional 29,828 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Signify Health during the third quarter worth $49,409,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Signify Health by 38.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,301,297 shares of the company’s stock valued at $17,958,000 after purchasing an additional 362,380 shares in the last quarter. 89.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet cut Signify Health from a “c-” rating to a “d” rating in a research note on Monday, February 13th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Signify Health has a consensus rating of “Hold” and an average price target of $28.15.

Signify Health Trading Down 0.3 %

Shares of NYSE:SGFY opened at $28.87 on Friday. Signify Health, Inc. has a 52-week low of $10.70 and a 52-week high of $29.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a 50 day moving average price of $28.66 and a 200-day moving average price of $28.34.

Signify Health Profile

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Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.