The Manufacturers Life Insurance Company Buys 2,902 Shares of Simon Property Group, Inc. $SPG

Posted by Geri Gentry on Sep 12th, 2026

The Manufacturers Life Insurance Company increased its stake in shares of Simon Property Group, Inc. (NYSE:SPG – Free Report) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,541 shares of the real estate investment trust’s stock after acquiring an additional 2,902 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Simon Property Group worth $55,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPG. Ancora Advisors LLC bought a new stake in shares of Simon Property Group in the second quarter valued at about $27,000. Stance Capital LLC acquired a new stake in Simon Property Group in the 3rd quarter valued at approximately $26,000. Osbon Capital Management LLC bought a new stake in Simon Property Group in the 2nd quarter valued at approximately $32,000. Fiduciary Financial Advisors acquired a new position in Simon Property Group during the 2nd quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of Simon Property Group during the 4th quarter worth approximately $29,000. 93.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Daniel Smith acquired 372 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $223.31 per share, for a total transaction of $83,071.32. Following the transaction, the director directly owned 34,480 shares of the company’s stock, valued at approximately $7,699,728.80. This represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glyn Aeppel bought 243 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $223.36 per share, with a total value of $54,276.48. Following the acquisition, the director directly owned 21,067 shares of the company’s stock, valued at approximately $4,705,525.12. This represents a 1.17% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 2,387 shares of company stock worth $533,056 over the last three months. 8.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on SPG shares. Scotiabank boosted their price objective on shares of Simon Property Group from $220.00 to $222.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 20th. LADENBURG THALM/SH SH raised their target price on shares of Simon Property Group from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Piper Sandler lifted their price target on shares of Simon Property Group from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Morgan Stanley boosted their price target on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 9th. Finally, Citigroup increased their price objective on shares of Simon Property Group from $205.00 to $230.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $228.14.

Get Our Latest Analysis on Simon Property Group

Simon Property Group Stock Up 0.2%

Simon Property Group stock opened at $205.10 on Friday. The stock has a market cap of $66.36 billion, a P/E ratio of 14.46, a P/E/G ratio of 3.08 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group, Inc. has a twelve month low of $172.19 and a twelve month high of $238.50. The company’s 50-day moving average price is $220.74 and its two-hundred day moving average price is $208.72.

Simon Property Group (NYSE:SPG – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business earned $1.70 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. As a group, analysts expect that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $9.00 annualized dividend and a yield of 4.4%. Simon Property Group’s payout ratio is 63.47%.

Simon Property Group Company Profile

(Free Report)

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops and operates premier shopping, dining, entertainment and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers and The Mills properties, serving consumers and retail tenants through a range of high-quality commercial properties.

The company generates revenue primarily by leasing retail and commercial space to national, regional and local retailers, restaurants and other businesses.