As Brown & Brown (Call) (BRO) Valuation Declined, Centaur Capital Partners LP Has Trimmed Position; Patten Group Position in Norfolk Southern (NSC) Decreased by $6.72 Million as Shares Declined

May 18, 2018 - By Marguerite Chambers

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Patten Group Inc decreased its stake in Norfolk Southern Corp (NSC) by 84.36% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc sold 46,685 shares as the company’s stock declined 7.56% with the market. The institutional investor held 8,658 shares of the railroads company at the end of 2017Q4, valued at $1.26 million, down from 55,343 at the end of the previous reported quarter. Patten Group Inc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $43.06B market cap company. The stock decreased 0.06% or $0.1 during the last trading session, reaching $152.38. About 60,620 shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 20.21% since May 18, 2017 and is uptrending. It has outperformed by 8.66% the S&P500.




Zeke Ashton decreased its stake in Brown & Brown Inc (Call) (BRO) by 21.88% based on its latest 2017Q4 regulatory filing with the SEC. Centaur Capital Partners Lp sold 7,000 shares as the company’s stock declined 1.08% with the market. The hedge fund run by Zeke Ashton held 25,000 shares of the finance company at the end of 2017Q4, valued at $1.29 million, down from 32,000 at the end of the previous reported quarter. Centaur Capital Partners Lp who had been investing in Brown & Brown Inc (Call) for a number of months, seems to be less bullish one the $7.60B market cap company. The stock decreased 0.02% or $0.0052 during the last trading session, reaching $27.5148. About 7,767 shares traded. Brown & Brown, Inc. (NYSE:BRO) has risen 18.96% since May 18, 2017 and is uptrending. It has outperformed by 7.41% the S&P500.

More recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Seekingalpha.com which released: “Norfolk Southern (NSC) Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Also Seekingalpha.com published the news titled: “Norfolk Southern Keeps Impressing” on May 05, 2018. Seekingalpha.com‘s news article titled: “Is Norfolk Southern’s Q1 Performance Sustainable?” with publication date: May 14, 2018 was also an interesting one.

Since February 1, 2018, it had 0 insider buys, and 7 sales for $3.77 million activity. Wheeler Michael Joseph sold $244,011 worth of stock or 1,699 shares. Another trade for 6,588 shares valued at $994,340 was sold by Earhart Cynthia C. 10,000 shares were sold by Squires James A, worth $1.50 million on Thursday, February 1.

Investors sentiment is 0.83 in 2017 Q4. Its the same as in 2017Q3. It is the same, as 35 investors sold NSC shares while 360 reduced holdings. only 80 funds opened positions while 249 raised stakes. 197.25 million shares or 2.25% less from 201.79 million shares in 2017Q3 were reported. Amp Cap Invsts Ltd, a Australia-based fund reported 193,867 shares. Teacher Retirement Systems Of Texas holds 0.08% or 78,989 shares. Leavell Investment Management has 10,781 shares for 0.18% of their portfolio. Moreover, Picton Mahoney Asset Mngmt has 0.47% invested in Norfolk Southern Corporation (NYSE:NSC). Janney Cap Mngmt Limited Liability Co reported 1,951 shares. Wagner Bowman Corp holds 9,691 shares or 0.37% of its portfolio. Curbstone Fincl Mgmt holds 1,797 shares or 0.14% of its portfolio. Ubs Asset Americas holds 912,410 shares or 0.11% of its portfolio. Coldstream Capital Mngmt owns 1,997 shares. 172,258 were accumulated by South Dakota Invest Council. Twin Capital accumulated 48,374 shares. Bahl & Gaynor has 8,814 shares. Livforsakringsbolaget Skandia Omsesidigt reported 4,346 shares. Ingalls & Snyder Llc has invested 0.04% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Hartford Mngmt reported 63,758 shares stake.

Patten Group Inc, which manages about $252.47M US Long portfolio, upped its stake in Idexx Laboratories Inc (NASDAQ:IDXX) by 3,830 shares to 5,025 shares, valued at $786,000 in 2017Q4, according to the filing. It also increased its holding in Dxc Technology Co by 22,660 shares in the quarter, for a total of 24,724 shares, and has risen its stake in Ishares Russell 3000 (IWV).

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 8 have Buy rating, 5 Sell and 18 Hold. Therefore 26% are positive. Norfolk Southern Corp. had 107 analyst reports since July 28, 2015 according to SRatingsIntel. RBC Capital Markets maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, July 6 with “Sell” rating. The rating was maintained by Cowen & Co with “Buy” on Friday, September 29. Citigroup maintained Norfolk Southern Corporation (NYSE:NSC) on Friday, October 2 with “Neutral” rating. Scotia Capital downgraded the stock to “Sector Perform” rating in Thursday, July 6 report. UBS maintained the stock with “Buy” rating in Thursday, April 26 report. As per Wednesday, March 15, the company rating was downgraded by Wolfe Research. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Hold” rating by BMO Capital Markets on Thursday, September 14. As per Thursday, March 15, the company rating was maintained by Loop Capital. The firm has “Sell” rating given on Tuesday, August 29 by RBC Capital Markets. The rating was maintained by BMO Capital Markets on Thursday, June 1 with “Hold”.

Analysts await Norfolk Southern Corporation (NYSE:NSC) to report earnings on July, 25. They expect $2.23 EPS, up 30.41% or $0.52 from last year’s $1.71 per share. NSC’s profit will be $630.09M for 17.08 P/E if the $2.23 EPS becomes a reality. After $1.93 actual EPS reported by Norfolk Southern Corporation for the previous quarter, Wall Street now forecasts 15.54% EPS growth.

Since March 13, 2018, it had 0 insider buys, and 1 sale for $7.40 million activity.

Analysts await Brown & Brown, Inc. (NYSE:BRO) to report earnings on July, 16. They expect $0.27 EPS, up 8.00% or $0.02 from last year’s $0.25 per share. BRO’s profit will be $74.56M for 25.48 P/E if the $0.27 EPS becomes a reality. After $0.33 actual EPS reported by Brown & Brown, Inc. for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

Among 15 analysts covering Brown & Brown (NYSE:BRO), 3 have Buy rating, 3 Sell and 9 Hold. Therefore 20% are positive. Brown & Brown had 56 analyst reports since August 24, 2015 according to SRatingsIntel. Morgan Stanley downgraded Brown & Brown, Inc. (NYSE:BRO) on Wednesday, January 27 to “Underweight” rating. The rating was downgraded by Deutsche Bank to “Hold” on Monday, October 24. Keefe Bruyette & Woods maintained it with “Hold” rating and $55.0 target in Thursday, December 21 report. Citigroup maintained Brown & Brown, Inc. (NYSE:BRO) rating on Tuesday, May 8. Citigroup has “Sell” rating and $25 target. As per Thursday, July 13, the company rating was maintained by Citigroup. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with “Underweight”. Wells Fargo maintained the shares of BRO in report on Tuesday, August 15 with “Hold” rating. JP Morgan initiated the shares of BRO in report on Tuesday, June 28 with “Underweight” rating. The company was maintained on Friday, June 2 by Keefe Bruyette & Woods. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Neutral” rating given on Wednesday, January 27 by Compass Point.

More important recent Brown & Brown, Inc. (NYSE:BRO) news were published by: Streetinsider.com which released: “Brown & Brown (BRO) to Acquire Servco Pacific Insurance” on May 01, 2018, also Seekingalpha.com published article titled: “Brown & Brown’s (BRO) CEO Powell Brown on Q1 2018 Results – Earnings Call Transcript”, Twst.com published: “Interview with the CEO: Brown & Brown, Inc. (NYSE:BRO)” on May 11, 2018. More interesting news about Brown & Brown, Inc. (NYSE:BRO) was released by: Nasdaq.com and their article: “Brown & Brown, Inc. Announces the Asset Acquisition of Automotive Development Group, LLC” with publication date: May 14, 2018.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.18, from 1.16 in 2017Q3. It turned negative, as 18 investors sold BRO shares while 91 reduced holdings. 38 funds opened positions while 69 raised stakes. 97.17 million shares or 2.33% less from 99.49 million shares in 2017Q3 were reported. Stone Ridge Asset Management Limited Co has 32,976 shares. Fincl Bank Of America De holds 250,476 shares. Teacher Retirement Of Texas holds 40,791 shares. Financial Bank Of Montreal Can stated it has 0.01% in Brown & Brown, Inc. (NYSE:BRO). Ogorek Anthony Joseph Adv holds 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 252 shares. 78,211 are held by Barclays Public Ltd Com. Jane Street Gru Lc holds 0% or 6,959 shares in its portfolio. Tci Wealth Inc has 0% invested in Brown & Brown, Inc. (NYSE:BRO) for 194 shares. 35,169 were accumulated by Great Lakes Advsr Ltd Limited Liability Company. First Eagle Invest Mngmt Limited Liability Com, New York-based fund reported 7.10M shares. Victory Capital Mgmt holds 3.14M shares or 0.34% of its portfolio. Arcadia Invest Management Mi invested in 955 shares or 0.01% of the stock. State Treasurer State Of Michigan reported 0.02% stake. Citigroup Inc reported 0.01% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Raymond James Trust Na, a Florida-based fund reported 11,828 shares.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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