Johnson & Johnson (JNJ) Shareholder Gemmer Asset Management Has Lifted Its Holding by $313,306 as Stock Price Declined; Gabelli Funds Cut Hartford Finl Svcs Group Incco (HIG) Position by $560,000 as Valuation Declined

April 21, 2018 - By Michael Collier

The Hartford Financial Services Group, Inc. (NYSE:HIG) Logo

Gabelli Funds Llc decreased its stake in Hartford Finl Svcs Group Incco (HIG) by 2.56% based on its latest 2017Q4 regulatory filing with the SEC. Gabelli Funds Llc sold 10,000 shares as the company’s stock declined 7.99% with the market. The institutional investor held 381,000 shares of the finance company at the end of 2017Q4, valued at $21.44 million, down from 391,000 at the end of the previous reported quarter. Gabelli Funds Llc who had been investing in Hartford Finl Svcs Group Incco for a number of months, seems to be less bullish one the $18.78 billion market cap company. It closed at $52.03 lastly. It is down 7.71% since April 21, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Gemmer Asset Management Llc increased its stake in Johnson & Johnson (JNJ) by 18.43% based on its latest 2017Q4 regulatory filing with the SEC. Gemmer Asset Management Llc bought 2,254 shares as the company’s stock declined 9.21% with the market. The institutional investor held 14,483 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $2.02 million, up from 12,229 at the end of the previous reported quarter. Gemmer Asset Management Llc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $339.78B market cap company. The stock decreased 0.70% or $0.89 during the last trading session, reaching $126.66. About 7.74M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 21, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Gabelli Funds Llc, which manages about $25.90 billion and $17.36B US Long portfolio, upped its stake in Nee 6.123 9/1/19 by 66,000 shares to 76,000 shares, valued at $4.29M in 2017Q4, according to the filing. It also increased its holding in Reading Intl Inc Cl A (NASDAQ:RDI) by 52,088 shares in the quarter, for a total of 136,461 shares, and has risen its stake in Sparton Corp Com (NYSE:SPA).

Since March 5, 2018, it had 0 insider purchases, and 4 insider sales for $5.27 million activity. Robinson David C also sold $44,607 worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) shares. Lewis Scott R. also sold $124,925 worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) shares. Gervasi Martha sold $618,585 worth of stock.

Analysts await The Hartford Financial Services Group, Inc. (NYSE:HIG) to report earnings on April, 26 after the close. They expect $1.10 EPS, up 10.00% or $0.10 from last year’s $1 per share. HIG’s profit will be $397.02 million for 11.83 P/E if the $1.10 EPS becomes a reality. After $0.81 actual EPS reported by The Hartford Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 35.80% EPS growth.

Among 18 analysts covering Hartford Financial (NYSE:HIG), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hartford Financial had 50 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, July 28 the stock rating was maintained by M Partners with “Buy”. The firm has “Buy” rating given on Wednesday, November 1 by UBS. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) earned “Overweight” rating by Barclays Capital on Monday, October 16. The firm earned “Neutral” rating on Wednesday, October 28 by Atlantic Securities. The firm has “Hold” rating given on Thursday, February 8 by FBR Capital. As per Monday, September 11, the company rating was initiated by Buckingham Research. The company was maintained on Wednesday, August 19 by UBS. As per Monday, April 16, the company rating was maintained by FBR Capital. On Monday, February 13 the stock rating was maintained by FBR Capital with “Mkt Perform”. Citigroup maintained the stock with “Neutral” rating in Tuesday, April 10 report.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.09, from 0.83 in 2017Q3. It turned negative, as 43 investors sold HIG shares while 216 reduced holdings. 50 funds opened positions while 142 raised stakes. 305.90 million shares or 1.47% less from 310.47 million shares in 2017Q3 were reported. New York State Teachers Retirement Sys owns 636,769 shares or 0.08% of their US portfolio. Profund Ltd Liability has 11,042 shares for 0.02% of their portfolio. The United Kingdom-based Bp Public Limited Company has invested 0.09% in The Hartford Financial Services Group, Inc. (NYSE:HIG). 33,445 were accumulated by Trexquant Invest L P. Wunderlich Managemnt holds 1.33% or 34,182 shares in its portfolio. Milestone Grp holds 27,911 shares or 0.25% of its portfolio. Scotia Capital accumulated 0.03% or 42,956 shares. Commercial Bank Of New York Mellon Corporation holds 7.52M shares. Moreover, Btim has 0% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG). Vanguard Inc invested 0.09% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG). North Star Inv Mgmt Corporation holds 4,713 shares. Nj State Employees Deferred Compensation Plan reported 10,000 shares. Westpac accumulated 0.04% or 32,404 shares. Brown Advisory Inc has 32,665 shares for 0.01% of their portfolio. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.21% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 39,914 shares.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Wells Fargo on Thursday, January 26 to “Market Perform”. As per Monday, August 31, the company rating was downgraded by Vetr. Piper Jaffray maintained the shares of JNJ in report on Tuesday, July 18 with “Hold” rating. Credit Suisse upgraded the stock to “Buy” rating in Thursday, April 12 report. The stock has “Buy” rating by Jefferies on Wednesday, October 18. The firm earned “Neutral” rating on Tuesday, February 27 by Citigroup. The rating was maintained by Credit Suisse on Thursday, October 19 with “Buy”. The stock of Johnson & Johnson (NYSE:JNJ) has “Buy” rating given on Friday, September 22 by RBC Capital Markets. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, November 29. As per Friday, June 2, the company rating was maintained by BMO Capital Markets.

Gemmer Asset Management Llc, which manages about $803.94M and $289.19M US Long portfolio, decreased its stake in Schwab Us Large Growth (SCHG) by 6,233 shares to 201,230 shares, valued at $14.23M in 2017Q4, according to the filing.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It is positive, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Partnervest Advisory Ltd Liability Co invested in 0.34% or 4,997 shares. Gateway Advisory Ltd Liability Company has invested 0.77% of its portfolio in Johnson & Johnson (NYSE:JNJ). Leavell Investment invested in 0.69% or 41,881 shares. Dean Inv Associates Ltd Limited Liability Company, a Ohio-based fund reported 52,764 shares. First Mercantile Tru reported 0.32% stake. Northside Mgmt Ltd Liability Company has 0.5% invested in Johnson & Johnson (NYSE:JNJ). A D Beadell Investment Counsel invested 3.98% in Johnson & Johnson (NYSE:JNJ). Lagoda Inv Mgmt L P, New York-based fund reported 600 shares. Highland Capital Mgmt Lc has invested 1.98% in Johnson & Johnson (NYSE:JNJ). New Jersey Better Educational Savings owns 15,000 shares for 2.13% of their portfolio. Macquarie Gp Limited accumulated 5.54 million shares. Summit Financial Wealth Ltd Company stated it has 1,830 shares or 0.09% of all its holdings. Beck Mgmt Ltd Liability, a Texas-based fund reported 1,625 shares. 17,095 were accumulated by Roof Eidam Maycock Adv. Grace White Ny stated it has 1.33% in Johnson & Johnson (NYSE:JNJ).

The Hartford Financial Services Group, Inc. (NYSE:HIG) Institutional Positions Chart

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