Nomura Asset Management Company LTD Has Trimmed Stake in Axis Capital Holdings LTD (AXS) by $2.39 Million as Shares Rose; As Mplx LP (MPLX) Share Price Declined, Heronetta Management LP Has Boosted Its Position by $528,500

April 23, 2018 - By Michael Collier

AXIS Capital Holdings Limited (NYSE:AXS) Logo

Nomura Asset Management Company Ltd decreased its stake in Axis Capital Holdings Ltd (AXS) by 81.49% based on its latest 2017Q4 regulatory filing with the SEC. Nomura Asset Management Company Ltd sold 47,750 shares as the company’s stock rose 11.81% while stock markets declined. The institutional investor held 10,848 shares of the property-casualty insurers company at the end of 2017Q4, valued at $545,000, down from 58,598 at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in Axis Capital Holdings Ltd for a number of months, seems to be less bullish one the $4.74B market cap company. The stock increased 0.37% or $0.21 during the last trading session, reaching $56.69. About 228,782 shares traded. AXIS Capital Holdings Limited (NYSE:AXS) has declined 15.81% since April 23, 2017 and is downtrending. It has underperformed by 27.36% the S&P500.

Heronetta Management Lp increased its stake in Mplx Lp (MPLX) by 5.75% based on its latest 2017Q4 regulatory filing with the SEC. Heronetta Management Lp bought 15,100 shares as the company’s stock declined 8.11% with the market. The institutional investor held 277,937 shares of the natural gas distribution company at the end of 2017Q4, valued at $9.86M, up from 262,837 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Mplx Lp for a number of months, seems to be bullish on the $28.03 billion market cap company. The stock increased 2.89% or $0.98 during the last trading session, reaching $34.84. About 1.05M shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since April 23, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

Analysts await AXIS Capital Holdings Limited (NYSE:AXS) to report earnings on April, 25 after the close. They expect $1.24 earnings per share, up 110.17% or $0.65 from last year’s $0.59 per share. AXS’s profit will be $103.57M for 11.43 P/E if the $1.24 EPS becomes a reality. After $0.24 actual earnings per share reported by AXIS Capital Holdings Limited for the previous quarter, Wall Street now forecasts 416.67% EPS growth.

Nomura Asset Management Company Ltd, which manages about $32.64 billion and $8.64B US Long portfolio, upped its stake in Westrock Co by 7,333 shares to 42,511 shares, valued at $2.69M in 2017Q4, according to the filing. It also increased its holding in Ppg Inds Inc (NYSE:PPG) by 3,016 shares in the quarter, for a total of 39,492 shares, and has risen its stake in Consolidated Edison Inc (NYSE:ED).

Investors sentiment decreased to 0.78 in 2017 Q4. Its down 0.38, from 1.16 in 2017Q3. It fall, as 39 investors sold AXS shares while 99 reduced holdings. 33 funds opened positions while 75 raised stakes. 70.27 million shares or 0.60% less from 70.70 million shares in 2017Q3 were reported. Comerica Comml Bank stated it has 8,719 shares. Robeco Institutional Asset Mngmt Bv accumulated 1.38 million shares. New York State Common Retirement Fund reported 0.01% in AXIS Capital Holdings Limited (NYSE:AXS). Brown Brothers Harriman & stated it has 110 shares or 0% of all its holdings. 186,000 are owned by Andra Ap. Oppenheimer Com holds 22,921 shares. Asset Mngmt One Communication has 0.02% invested in AXIS Capital Holdings Limited (NYSE:AXS) for 137,001 shares. Virginia Retirement Systems Et Al stated it has 0.02% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS). Nordea Inv Mngmt has invested 0% in AXIS Capital Holdings Limited (NYSE:AXS). Japan-based Sumitomo Mitsui Asset Mngmt has invested 0% in AXIS Capital Holdings Limited (NYSE:AXS). Paloma Partners invested in 0.01% or 19,704 shares. Panagora Asset Mngmt Inc holds 0% or 7,601 shares. Ubs Asset Mngmt Americas has invested 0.04% in AXIS Capital Holdings Limited (NYSE:AXS). Los Angeles Management & Equity Research invested in 0.09% or 344,505 shares. 23,273 were accumulated by Teacher Retirement Of Texas.

Among 14 analysts covering Axis Capital Holdings Limited (NYSE:AXS), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Axis Capital Holdings Limited had 38 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by Wells Fargo on Monday, January 9 to “Underperform”. On Thursday, February 2 the stock rating was upgraded by M Partners to “Buy”. The rating was maintained by UBS on Tuesday, September 19 with “Sell”. The firm has “Neutral” rating given on Thursday, May 26 by Janney Capital. Keefe Bruyette & Woods maintained it with “Hold” rating and $67.0 target in Monday, September 18 report. On Monday, January 9 the stock rating was downgraded by UBS to “Sell”. UBS maintained AXIS Capital Holdings Limited (NYSE:AXS) on Monday, October 2 with “Sell” rating. Deutsche Bank maintained the shares of AXS in report on Friday, February 9 with “Hold” rating. Citigroup maintained AXIS Capital Holdings Limited (NYSE:AXS) rating on Monday, October 2. Citigroup has “Neutral” rating and $58 target. Citigroup maintained the stock with “Neutral” rating in Thursday, February 4 report.

Among 21 analysts covering MPLX LP (NYSE:MPLX), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. MPLX LP had 65 analyst reports since October 20, 2015 according to SRatingsIntel. Citigroup maintained MPLX LP (NYSE:MPLX) on Tuesday, April 10 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. Credit Suisse initiated the stock with “Neutral” rating in Tuesday, December 22 report. The rating was maintained by Jefferies on Monday, August 14 with “Buy”. As per Monday, April 16, the company rating was upgraded by Guggenheim. The rating was maintained by Howard Weil with “Sector Outperform” on Thursday, February 4. RBC Capital Markets maintained MPLX LP (NYSE:MPLX) on Friday, July 28 with “Buy” rating. Barclays Capital maintained it with “Overweight” rating and $55 target in Monday, November 2 report. The stock has “Equal-Weight” rating by Barclays Capital on Wednesday, January 17. As per Tuesday, August 23, the company rating was initiated by Jefferies.

Since December 11, 2017, it had 0 insider purchases, and 1 sale for $74,000 activity.

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.22, from 1.04 in 2017Q3. It dived, as 32 investors sold MPLX shares while 89 reduced holdings. 26 funds opened positions while 73 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Blackstone Limited Partnership accumulated 16.71 million shares. Stratos Wealth Prtnrs Limited stated it has 3,382 shares or 0.01% of all its holdings. Natixis holds 3.58M shares. 35,384 are held by Groesbeck Inv Mgmt Nj. 28,185 are held by Catawba Capital Mgmt Va. Illinois-based Hightower Advisors Lc has invested 0.04% in MPLX LP (NYSE:MPLX). Balyasny Asset Mngmt Lc has 663,396 shares for 0.07% of their portfolio. Bessemer Gru reported 0% of its portfolio in MPLX LP (NYSE:MPLX). Segall Bryant & Hamill Limited Liability has 68,058 shares. Keybank Association Oh reported 0% in MPLX LP (NYSE:MPLX). Corecommodity Mgmt Ltd Co stated it has 1,774 shares. Bb&T Corporation invested 0.01% of its portfolio in MPLX LP (NYSE:MPLX). Tph Asset Limited has 1.54% invested in MPLX LP (NYSE:MPLX) for 440,196 shares. Johnson Inv Counsel has 0.02% invested in MPLX LP (NYSE:MPLX). Stifel Fin accumulated 326,469 shares or 0.04% of the stock.

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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