The Manufacturers Life Insurance Company Sells 18,239 Shares of On Holding AG $ONON

Posted by on Aug 2nd, 2026

The Manufacturers Life Insurance Company cut its holdings in On Holding AG (NYSE:ONON – Free Report) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 563,920 shares of the company’s stock after selling 18,239 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in ON were worth $19,185,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ONON. Quantinno Capital Management LP raised its holdings in ON by 89.6% during the 1st quarter. Quantinno Capital Management LP now owns 66,947 shares of the company’s stock worth $2,278,000 after buying an additional 31,641 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of ON in the first quarter valued at approximately $5,694,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of ON in the first quarter valued at approximately $1,998,000. State of Wyoming increased its position in shares of ON by 132.6% during the first quarter. State of Wyoming now owns 4,508 shares of the company’s stock worth $153,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of ON by 2.8% during the first quarter. Cetera Investment Advisers now owns 57,437 shares of the company’s stock worth $1,954,000 after acquiring an additional 1,557 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONON shares. Guggenheim reaffirmed a “buy” rating and issued a $51.00 price objective on shares of ON in a research report on Wednesday, May 13th. Truist Financial lowered their target price on ON from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Wall Street Zen downgraded ON from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Telsey Advisory Group cut their price target on ON from $60.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, KeyCorp cut their price target on ON from $58.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.63.

Get Our Latest Analysis on ON

ON Stock Performance

Shares of ONON opened at $36.34 on Friday. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 0.68 and a beta of 2.12. On Holding AG has a 12 month low of $31.41 and a 12 month high of $52.20. The firm has a fifty day simple moving average of $37.56 and a 200 day simple moving average of $39.30. The company has a current ratio of 2.98, a quick ratio of 2.39 and a debt-to-equity ratio of 0.26.

ON (NYSE:ONON – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.11. ON had a net margin of 7.92% and a return on equity of 15.72%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. Research analysts forecast that On Holding AG will post 1.5 EPS for the current fiscal year.

Insider Activity

In related news, CEO Caspar Felix Coppetti bought 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $36.64 per share, for a total transaction of $2,198,400.00. Following the completion of the acquisition, the chief executive officer owned 2,375,855 shares of the company’s stock, valued at approximately $87,051,327.20. The trade was a 2.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Olivier Bernhard purchased 60,000 shares of ON stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $36.63 per share, with a total value of $2,197,800.00. Following the completion of the transaction, the insider directly owned 5,163,184 shares of the company’s stock, valued at approximately $189,127,429.92. The trade was a 1.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 180,000 shares of company stock worth $6,594,000 in the last quarter. Corporate insiders own 68.57% of the company’s stock.

About ON

(Free Report)

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.

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Institutional Ownership by Quarter for ON (NYSE:ONON)

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