The Manufacturers Life Insurance Company raised its stake in Pico Holdings Inc (NASDAQ:PICO) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,942 shares of the financial services provider’s stock after acquiring an additional 1,230 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Pico worth $349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PICO. Vanguard Group Inc. increased its holdings in shares of Pico by 5.6% during the first quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock worth $13,143,000 after purchasing an additional 49,743 shares during the period. Geode Capital Management LLC increased its holdings in shares of Pico by 10.0% during the first quarter. Geode Capital Management LLC now owns 180,106 shares of the financial services provider’s stock worth $2,521,000 after purchasing an additional 16,427 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Pico by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,189,055 shares of the financial services provider’s stock worth $16,647,000 after purchasing an additional 91,190 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Pico by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 96,195 shares of the financial services provider’s stock worth $1,347,000 after purchasing an additional 5,301 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Pico by 54.9% during the first quarter. Goldman Sachs Group Inc. now owns 27,081 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 9,593 shares during the period. 70.18% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on PICO shares. BidaskClub cut shares of Pico from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. ValuEngine cut shares of Pico from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Pico Holdings Inc (PICO) opened at $13.05 on Friday. Pico Holdings Inc has a one year low of $12.65 and a one year high of $20.20.

The company also recently disclosed a special dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were paid a $5.00 dividend. The ex-dividend date was Friday, November 3rd.

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Pico Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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Institutional Ownership by Quarter for Pico (NASDAQ:PICO)

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