Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,045 shares of the financial services provider’s stock after selling 1,515 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kennedy-Wilson were worth $570,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Kennedy-Wilson by 265.2% during the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 140,039 shares during the period. JPMorgan Chase & Co. grew its holdings in Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock worth $3,274,000 after acquiring an additional 191,790 shares during the period. KBC Group NV grew its holdings in Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,748 shares during the period. DAVENPORT & Co LLC acquired a new position in Kennedy-Wilson during the fourth quarter worth about $199,000. Finally, Jennison Associates LLC grew its holdings in Kennedy-Wilson by 47.1% during the fourth quarter. Jennison Associates LLC now owns 99,954 shares of the financial services provider’s stock worth $999,000 after acquiring an additional 31,990 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Trading Up 4.3%

NYSE:KW opened at $6.68 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. Kennedy-Wilson Holdings, Inc. has a 1-year low of $6.09 and a 1-year high of $11.88. The firm has a market capitalization of $923.11 million, a price-to-earnings ratio of -2.59, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The stock has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $9.11.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. The company had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. Sell-side analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.19%. Kennedy-Wilson’s payout ratio is presently -45.71%.

Insiders Place Their Bets

In other news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the sale, the director now directly owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley R. Zax purchased 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. The trade was a 8.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 20.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target for the company.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.