149,918 Shares in Norfolk Southern Corporation $NSC Bought by The Manufacturers Life Insurance Company

Posted by Geri Gentry on Aug 27th, 2026

The Manufacturers Life Insurance Company bought a new position in Norfolk Southern Corporation (NYSE:NSC – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 149,918 shares of the railroad operator’s stock, valued at approximately $47,163,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Norfolk Southern as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Exencial Wealth Advisors LLC increased its stake in shares of Norfolk Southern by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,216 shares of the railroad operator’s stock valued at $929,000 after buying an additional 35 shares during the period. Sovereign Financial Group Inc. grew its holdings in Norfolk Southern by 3.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,108 shares of the railroad operator’s stock worth $318,000 after acquiring an additional 35 shares during the last quarter. Bar Harbor Wealth Management grew its holdings in Norfolk Southern by 0.6% during the 1st quarter. Bar Harbor Wealth Management now owns 6,290 shares of the railroad operator’s stock worth $1,805,000 after acquiring an additional 36 shares during the last quarter. Apollon Financial LLC increased its position in Norfolk Southern by 4.3% in the 1st quarter. Apollon Financial LLC now owns 881 shares of the railroad operator’s stock valued at $253,000 after acquiring an additional 36 shares during the period. Finally, Moss Adams Wealth Advisors LLC raised its stake in shares of Norfolk Southern by 4.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 827 shares of the railroad operator’s stock valued at $237,000 after acquiring an additional 36 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Norfolk Southern Stock Up 0.4%

Norfolk Southern stock opened at $352.60 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.98. Norfolk Southern Corporation has a 12-month low of $268.23 and a 12-month high of $358.60. The firm’s fifty day moving average is $330.95 and its 200 day moving average is $314.49. The company has a market capitalization of $79.20 billion, a PE ratio of 30.09, a PEG ratio of 6.18 and a beta of 1.27.

Norfolk Southern (NYSE:NSC – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.20. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.38 billion. Norfolk Southern had a net margin of 21.02% and a return on equity of 18.21%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.29 earnings per share. As a group, sell-side analysts predict that Norfolk Southern Corporation will post 12.74 EPS for the current fiscal year.

Norfolk Southern Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Friday, August 7th were issued a $1.35 dividend. The ex-dividend date was Friday, August 7th. This represents a $5.40 annualized dividend and a yield of 1.5%. Norfolk Southern’s dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

NSC has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Norfolk Southern from $365.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Royal Bank Of Canada lifted their target price on Norfolk Southern from $320.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Stephens upgraded Norfolk Southern to a “hold” rating in a research report on Wednesday, July 8th. UBS Group restated a “neutral” rating and set a $363.00 price objective on shares of Norfolk Southern in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Norfolk Southern from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $348.00.

Get Our Latest Stock Report on NSC

About Norfolk Southern

(Free Report)

Norfolk Southern Corporation is a major U.S. freight railroad company that provides rail transportation and related logistics services. As a Class I carrier, the company operates an extensive network across the eastern United States and offers scheduled freight service for a broad range of industries. Its core operations include long-haul and regional rail freight transportation, intermodal services that move containers and trailers between rail and other modes, and terminal and switching services that support efficient rail shipments for industrial and port customers.

The company transports a variety of commodities, serving sectors such as coal and energy, automotive and automotive parts, chemicals, agriculture, metals and construction materials, and consumer goods.