Hartford Finl Svcs Group (Put) (HIG) Shareholder Mendon Capital Advisors Upped Its Position by $1.33 Million; Alkeon Capital Management Trimmed Dollar Tree (DLTR) Holding by $14.25 Million; Shares Declined

June 19, 2018 - By Hazel Jackson

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

Panayotis Takis Sparaggis decreased its stake in Dollar Tree Inc (DLTR) by 8.21% based on its latest 2018Q1 regulatory filing with the SEC. Alkeon Capital Management Llc sold 151,600 shares as the company’s stock declined 10.39% with the market. The hedge fund run by Panayotis Takis Sparaggis held 1.70 million shares of the consumer services company at the end of 2018Q1, valued at $160.89 million, down from 1.85M at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Dollar Tree Inc for a number of months, seems to be less bullish one the $21.02 billion market cap company. The stock increased 0.43% or $0.38 during the last trading session, reaching $88.4. About 2.81M shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 20.79% since June 19, 2017 and is uptrending. It has outperformed by 8.22% the S&P500. Some Historical DLTR News: 07/03/2018 – Dollar Tree Volume Surges More Than 20 Times 20 Day Average; 07/03/2018 – DOLLAR TREE – FISCAL 2018 CONSOLIDATED NET SALES ESTIMATES BASED ON LOW SINGLE-DIGIT INCREASE IN SAME-STORE SALES & 3.7% SQUARE FOOTAGE GROWTH; 09/04/2018 – DOLLAR TREE INC DLTR.O : RBC RAISES TARGET PRICE TO $108 FROM $106; 07/03/2018 – DOLLAR TREE SEES 1Q EPS $1.18 TO $1.25; 07/03/2018 Dollar Tree 4Q Net $1.04B; 07/03/2018 – DOLLAR TREE INC – CURRENTLY ESTIMATES BENEFIT TO BE APPROXIMATELY $250 MLN FOR FISCAL 2018 WITH RESPECT TO TAX REFORM; 07/03/2018 – DOLLAR TREE INC DLTR.O SEES FY 2018 SALES $22.7 BLN TO $23.12 BLN; 31/05/2018 – Dollar Tree 1Q Net $160.5M; 15/05/2018 – Lone Pine Adds Dollar Tree, Exits AB InBev: 13F; 07/03/2018 – DOLLAR TREE 4Q ADJ EPS $1.89, EST. $1.92

Anton Schutz increased its stake in Hartford Finl Svcs Group Inc (Put) (HIG) by 42.62% based on its latest 2018Q1 regulatory filing with the SEC. Mendon Capital Advisors Corp bought 26,000 shares as the company’s stock declined 2.90% with the market. The hedge fund run by Anton Schutz held 87,000 shares of the finance company at the end of 2018Q1, valued at $4.48M, up from 61,000 at the end of the previous reported quarter. Mendon Capital Advisors Corp who had been investing in Hartford Finl Svcs Group Inc (Put) for a number of months, seems to be bullish on the $19.04B market cap company. The stock decreased 1.10% or $0.59 during the last trading session, reaching $53.17. About 2.86 million shares traded or 42.02% up from the average. The Hartford Financial Services Group, Inc. (NYSE:HIG) has risen 6.44% since June 19, 2017 and is uptrending. It has underperformed by 6.13% the S&P500. Some Historical HIG News: 13/03/2018 – HARTFORD FINANCIAL SERVICES – EXPECTS TO ENTER INTO AMENDMENT TO ITS EXISTING CREDIT AGREEMENT WITH CERTAIN FINANCIAL INSTITUTIONS ON OR ABOUT MARCH END; 26/04/2018 – The Hartford 1Q Cont Ops EPS $1.18; 26/04/2018 – Hartford Financial 1Q Net $597M; 14/05/2018 – York Adds Hartford Financial, Exits Qualcomm: 13F; 14/03/2018 – A.M. Best Assigns Issue Credit Rating to The Hartford Financial Services Group, Inc.’s Senior Unsecured Notes; 26/04/2018 – HARTFORD FINANCIAL SERVICES GROUP INC QTRLY EARNED PREMIUMS $3,927 MLN VS $3,438 MLN; 13/03/2018 – HARTFORD FINANCIAL SERVICES – AMENDED, RESTATED CREDIT AGREEMENT IS EXPECTED TO DECREASE AGGREGATE PRINCIPAL AMOUNT OF FACILITY FROM $1 BLN TO $750 MLN; 13/03/2018 – Hartford Fincl: Amendment Would Reset Minimum Consolidated Net Worth Fincl Covenant to $9B; 30/03/2018 – HARTFORD FINANCIAL SERVICES GROUP-AMENDED CREDIT AGREEMENT WILL ALSO PERMIT CO TO REQUEST INCREASE OF CREDIT FACILITY BY UP TO ADDITIONAL $500 MLN; 11/05/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial Services Grou

Mendon Capital Advisors Corp, which manages about $171.54M and $1.10B US Long portfolio, decreased its stake in Comerica Inc (Put) (NYSE:CMA) by 32,000 shares to 29,000 shares, valued at $2.78 million in 2018Q1, according to the filing. It also reduced its holding in Bb&T Corp (Put) (NYSE:BBT) by 6,000 shares in the quarter, leaving it with 116,000 shares, and cut its stake in Fifth Third Bancorp (Put) (NASDAQ:FITB).

Among 18 analysts covering Hartford Financial (NYSE:HIG), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hartford Financial had 51 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Neutral” rating given on Tuesday, April 10 by Citigroup. The rating was downgraded by Argus Research to “Hold” on Wednesday, November 18. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Hold” rating given on Monday, April 16 by FBR Capital. Citigroup maintained the shares of HIG in report on Tuesday, May 1 with “Neutral” rating. On Monday, August 3 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Hold” rating given on Tuesday, July 11 by FBR Capital. The company was initiated on Tuesday, January 19 by Nomura. The firm has “Neutral” rating given on Friday, January 6 by Credit Suisse. The firm has “Hold” rating given on Wednesday, December 20 by Citigroup. The company was initiated on Monday, September 11 by Buckingham Research.

More recent The Hartford Financial Services Group, Inc. (NYSE:HIG) news were published by: Investorplace.com which released: “5 Insurers in Focus as Fed Hikes Rate, Raises Economic View” on June 14, 2018. Also Seekingalpha.com published the news titled: “Tracking Ole Andreas Halvorsen’s Viking Global Portfolio – Q1 2018 Update” on May 27, 2018. Streetinsider.com‘s news article titled: “Goldman Sachs Reinstates Hartford Financial Services (HIG) at Neutral” with publication date: June 18, 2018 was also an interesting one.

Investors sentiment decreased to 0.71 in Q1 2018. Its down 0.03, from 0.74 in 2017Q4. It worsened, as 39 investors sold HIG shares while 222 reduced holdings. 64 funds opened positions while 122 raised stakes. 306.29 million shares or 0.13% more from 305.90 million shares in 2017Q4 were reported. Sarasin Llp invested in 402,797 shares. Everence Mgmt Inc invested 0.1% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG). Sun Life Fincl owns 0% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 84 shares. Sector Pension Inv Board accumulated 40,643 shares. Mufg Americas Holding, New York-based fund reported 80,590 shares. First Bank & Trust Of Mount Dora Trust Serv has 84,752 shares. Royal Commercial Bank Of Canada invested in 592,741 shares or 0.01% of the stock. 2.66M are owned by Putnam. Pggm Investments stated it has 1.11 million shares. Charter Trust stated it has 11,182 shares. Moreover, Foundry Prtnrs Limited Liability has 0.42% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG). Thrivent Financial For Lutherans holds 0.06% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 333,390 shares. Kbc Group Inc Nv invested 0.02% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Tortoise Invest Management Ltd Company invested in 500 shares. Ameriprise Fincl has invested 0.04% in The Hartford Financial Services Group, Inc. (NYSE:HIG).

Since March 5, 2018, it had 0 insider purchases, and 12 selling transactions for $9.74 million activity. Shares for $44,607 were sold by Robinson David C. Lewis Scott R. sold $124,925 worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) on Tuesday, March 6. The insider Gervasi Martha sold 11,247 shares worth $618,585. $4.48M worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) was sold by ELLIOT DOUGLAS G. $1.28 million worth of The Hartford Financial Services Group, Inc. (NYSE:HIG) shares were sold by Bombara Beth Ann.

More notable recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Seekingalpha.com which released: “Dollar Tree: No Need To Panic” on June 05, 2018, also Seekingalpha.com with their article: “Credit Suisse defends Dollar Tree” published on June 12, 2018, Livetradingnews.com published: “Dollar Tree, Inc. (NASDAQ:DLTR) Declines 14.28%” on June 01, 2018. More interesting news about Dollar Tree, Inc. (NASDAQ:DLTR) were released by: Nasdaq.com and their article: “Five Below Inc Isn’t Your Ordinary Retail Stock” published on June 07, 2018 as well as Investorplace.com‘s news article titled: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” with publication date: June 15, 2018.

Alkeon Capital Management Llc, which manages about $5.66B and $18.88 billion US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 16,125 shares to 1.33 million shares, valued at $243.88 million in 2018Q1, according to the filing. It also increased its holding in Yum Brands Inc (NYSE:YUM) by 170,000 shares in the quarter, for a total of 926,260 shares, and has risen its stake in Applied Matls Inc (NASDAQ:AMAT).

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.36, from 1.17 in 2017Q4. It dived, as 67 investors sold DLTR shares while 216 reduced holdings. 68 funds opened positions while 162 raised stakes. 209.04 million shares or 2.02% more from 204.89 million shares in 2017Q4 were reported. Department Mb Finance Bank N A invested in 0.01% or 1,210 shares. Bush Odonnell Inv reported 0.8% in Dollar Tree, Inc. (NASDAQ:DLTR). Silvercrest Asset Mngmt Group Incorporated Limited Liability reported 13,600 shares. Nokota Limited Partnership has invested 0.57% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR). State Street Corporation holds 0.07% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 9.28M shares. Maryland-based Campbell Investment Adviser Llc has invested 0.43% in Dollar Tree, Inc. (NASDAQ:DLTR). Hudock Capital Gru Ltd holds 0% or 10 shares in its portfolio. Royal Financial Bank Of Canada stated it has 0.04% in Dollar Tree, Inc. (NASDAQ:DLTR). Swiss Bankshares holds 0.09% or 760,747 shares in its portfolio. 681,610 are held by Alta Cap Management Limited Liability Company. Banque Pictet & Cie holds 0.04% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 20,300 shares. Bb&T Limited Liability Corporation has invested 0.05% in Dollar Tree, Inc. (NASDAQ:DLTR). Manchester Cap Management Limited Liability Corporation holds 0% or 68 shares. Qci Asset Mgmt Incorporated New York holds 0% or 145 shares in its portfolio. Amarillo Commercial Bank stated it has 9,986 shares or 0.5% of all its holdings.

Since March 9, 2018, it had 3 insider purchases, and 4 sales for $298,929 activity. Hall Conrad M. had bought 10,000 shares worth $918,281. $201,088 worth of Dollar Tree, Inc. (NASDAQ:DLTR) was bought by Lewis Lemuel E. NAYLOR JEFFREY G bought $246,230 worth of Dollar Tree, Inc. (NASDAQ:DLTR) on Tuesday, June 5. BARRON ARNOLD S also sold $569,084 worth of Dollar Tree, Inc. (NASDAQ:DLTR) shares.

Among 36 analysts covering Dollar Tree Inc. (NASDAQ:DLTR), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Dollar Tree Inc. had 125 analyst reports since August 6, 2015 according to SRatingsIntel. Piper Jaffray maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Sunday, August 20 with “Hold” rating. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 30 report. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, October 3. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Market Perform” rating given on Friday, August 25 by BMO Capital Markets. The firm has “Buy” rating given on Friday, September 4 by Bank of America. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Buy” rating by Loop Capital Markets on Monday, August 7. The stock has “Outperform” rating by Raymond James on Monday, April 16. As per Thursday, October 13, the company rating was initiated by KeyBanc Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, March 7 with “Buy”. Citigroup maintained Dollar Tree, Inc. (NASDAQ:DLTR) on Thursday, September 10 with “Neutral” rating.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on August, 23. They expect $1.15 EPS, up 16.16% or $0.16 from last year’s $0.99 per share. DLTR’s profit will be $273.44 million for 19.22 P/E if the $1.15 EPS becomes a reality. After $1.19 actual EPS reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts -3.36% negative EPS growth.

Dollar Tree, Inc. (NASDAQ:DLTR) Institutional Positions Chart

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