Auto Owners Insurance Co Grows Stock Position in Polaris Inc. $PII

Auto Owners Insurance Co lifted its stake in Polaris Inc. (NYSE:PII) by 13,103.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,035,000 shares of the company’s stock after purchasing an additional 1,027,161 shares during the period. Polaris comprises about 0.9% of Auto Owners Insurance Co’s holdings, making the stock its 28th largest holding. Auto Owners Insurance Co owned about 1.84% of Polaris worth $42,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Polaris by 162.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company’s stock worth $427,000 after buying an additional 6,453 shares during the last quarter. Calton & Associates Inc. purchased a new stake in Polaris during the 1st quarter worth about $272,000. Deutsche Bank AG lifted its holdings in Polaris by 305.0% during the 1st quarter. Deutsche Bank AG now owns 26,982 shares of the company’s stock worth $1,105,000 after buying an additional 20,320 shares during the last quarter. Cerity Partners LLC lifted its holdings in Polaris by 25.9% during the 1st quarter. Cerity Partners LLC now owns 53,082 shares of the company’s stock worth $2,173,000 after buying an additional 10,906 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in Polaris by 243.8% during the 1st quarter. Jump Financial LLC now owns 298,736 shares of the company’s stock worth $12,230,000 after buying an additional 211,832 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on PII shares. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a report on Wednesday, October 8th. Wall Street Zen raised Polaris from a “strong sell” rating to a “hold” rating in a report on Saturday, August 2nd. Royal Bank Of Canada lifted their price target on Polaris from $34.00 to $56.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Finally, Citigroup upgraded Polaris from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $60.00 in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Polaris has an average rating of “Hold” and an average price target of $51.00.

Polaris Stock Down 5.3%

PII opened at $67.43 on Wednesday. The business’s 50-day simple moving average is $60.58 and its 200-day simple moving average is $49.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 1.04. Polaris Inc. has a one year low of $30.92 and a one year high of $75.25. The stock has a market capitalization of $3.79 billion, a P/E ratio of -35.87, a price-to-earnings-growth ratio of 64.70 and a beta of 1.08.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS. Analysts anticipate that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, September 2nd. Polaris’s payout ratio is -142.55%.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.