The Manufacturers Life Insurance Company Takes $3.36 Million Position in Polaris Inc. $PII

The Manufacturers Life Insurance Company bought a new stake in Polaris Inc. (NYSE:PII) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 49,152 shares of the company’s stock, valued at approximately $3,364,000. The Manufacturers Life Insurance Company owned 0.09% of Polaris at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Auto Owners Insurance Co boosted its stake in shares of Polaris by 6,225.0% in the 4th quarter. Auto Owners Insurance Co now owns 65,463,750 shares of the company’s stock valued at $4,140,582,000 after buying an additional 64,428,750 shares during the period. BlackRock Inc. acquired a new stake in Polaris in the second quarter valued at approximately $501,360,000. State Street Corp raised its holdings in Polaris by 15.7% in the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after acquiring an additional 426,482 shares in the last quarter. AQR Capital Management LLC lifted its stake in Polaris by 30.1% in the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock worth $132,600,000 after acquiring an additional 528,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Polaris by 166.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,929,773 shares of the company’s stock worth $122,058,000 after acquiring an additional 1,204,405 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

PII has been the topic of a number of recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Morgan Stanley decreased their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Royal Bank Of Canada upped their price objective on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

Polaris Price Performance

Shares of NYSE:PII opened at $61.27 on Wednesday. Polaris Inc. has a 12 month low of $47.14 and a 12 month high of $77.98. The firm has a market capitalization of $3.49 billion, a P/E ratio of -13.23 and a beta of 1.27. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The company’s fifty day moving average price is $68.43 and its 200 day moving average price is $64.05.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.21. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm posted ($1.39) earnings per share. Polaris’s revenue for the quarter was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts predict that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.72 annualized dividend and a yield of 4.4%. Polaris’s payout ratio is -58.75%.

Polaris Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.