Livforsakringsbolaget Skandia Omsesidigt Sells 11,400 Shares of HNI Co. (NYSE:HNI)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in HNI Co. (NYSE:HNI) by 24.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,300 shares of the business services provider’s stock after selling 11,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.07% of HNI worth $1,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of HNI in the 4th quarter valued at about $69,253,000. FMR LLC raised its stake in HNI by 275.3% in the third quarter. FMR LLC now owns 1,836,205 shares of the business services provider’s stock worth $98,861,000 after buying an additional 1,346,999 shares in the last quarter. Barclays PLC lifted its holdings in HNI by 216.7% during the third quarter. Barclays PLC now owns 93,131 shares of the business services provider’s stock worth $5,015,000 after buying an additional 63,724 shares during the period. JPMorgan Chase & Co. lifted its holdings in HNI by 54.4% during the third quarter. JPMorgan Chase & Co. now owns 136,923 shares of the business services provider’s stock worth $7,372,000 after buying an additional 48,237 shares during the period. Finally, Intech Investment Management LLC bought a new stake in HNI during the 3rd quarter valued at $2,245,000. 75.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded HNI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st.

HNI Stock Up 0.5 %

Shares of HNI stock opened at $48.87 on Friday. HNI Co. has a 52-week low of $40.53 and a 52-week high of $58.42. The firm’s 50 day moving average price is $51.46 and its 200-day moving average price is $52.30. The company has a quick ratio of 0.68, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.34 billion, a P/E ratio of 18.94, a PEG ratio of 1.15 and a beta of 0.90.

Insiders Place Their Bets

In other HNI news, Director Larry B. Porcellato sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $56.95, for a total value of $113,900.00. Following the completion of the sale, the director now owns 37,880 shares of the company’s stock, valued at approximately $2,157,266. This trade represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.36% of the company’s stock.

HNI Company Profile

HNI Corporation, together with its subsidiaries, engages in the manufacture, sale, and marketing of workplace furnishings and residential building products primarily in the United States and Canada. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, benching, tables, architectural products, and ancillary and hospitality products, as well as social collaborative items under the HON, Allsteel, Beyond, Gunlocke, HBF, HBF Textiles, HNI India, Kimball, National, Etc., Interwoven, David Edward, Kimball Hospitality, and D'style brands.