Berkley W R (WRB) Shareholder St James Investment Company Cut Position; Northrop Grumman (Put) (NOC) Shares Rose While Scopus Asset Management LP Has Lowered Its Stake by $3.06 Million

May 3, 2018 - By Linda Rogers

W. R. Berkley Corporation (NYSE:WRB) Logo

Alexander Mitchell decreased its stake in Northrop Grumman Corp (Put) (NOC) by 16.67% based on its latest 2017Q4 regulatory filing with the SEC. Scopus Asset Management Lp sold 10,000 shares as the company’s stock rose 14.98% while stock markets declined. The hedge fund run by Alexander Mitchell held 50,000 shares of the industrial machinery and components company at the end of 2017Q4, valued at $15.35M, down from 60,000 at the end of the previous reported quarter. Scopus Asset Management Lp who had been investing in Northrop Grumman Corp (Put) for a number of months, seems to be less bullish one the $54.02 billion market cap company. The stock increased 0.85% or $2.62 during the last trading session, reaching $309.78. About 346,080 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 48.11% since May 3, 2017 and is uptrending. It has outperformed by 36.56% the S&P500.

St James Investment Company Llc decreased its stake in Berkley W R Corp (WRB) by 5.39% based on its latest 2017Q4 regulatory filing with the SEC. St James Investment Company Llc sold 29,994 shares as the company’s stock rose 0.45% while stock markets declined. The institutional investor held 526,495 shares of the property-casualty insurers company at the end of 2017Q4, valued at $37.72 million, down from 556,489 at the end of the previous reported quarter. St James Investment Company Llc who had been investing in Berkley W R Corp for a number of months, seems to be less bullish one the $9.29 billion market cap company. The stock decreased 0.57% or $0.42 during the last trading session, reaching $73.51. About 8,461 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 2.17% since May 3, 2017 and is uptrending. It has underperformed by 9.38% the S&P500.

Since February 13, 2018, it had 0 insider purchases, and 9 insider sales for $6.82 million activity. $323,602 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Pamiljans Janis G on Sunday, April 1. Shares for $1.31 million were sold by Peppard Denise M..

Scopus Asset Management Lp, which manages about $3.64 billion and $10.63B US Long portfolio, upped its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 925,000 shares to 1.15 million shares, valued at $137.17 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (Put) (IWM) by 2.65M shares in the quarter, for a total of 2.80 million shares, and has risen its stake in Lockheed Martin Corp (NYSE:LMT).

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman had 64 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Peer Perform” rating by Wolfe Research on Thursday, October 29. The firm has “Buy” rating given on Thursday, November 12 by Argus Research. The firm has “Hold” rating by Jefferies given on Monday, July 24. The firm earned “Hold” rating on Monday, July 17 by Cowen & Co. Cowen & Co maintained it with “Hold” rating and $275.0 target in Thursday, October 19 report. The company was maintained on Wednesday, August 23 by Cowen & Co. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by J.P. Morgan on Tuesday, December 12. The stock has “Buy” rating by Citigroup on Monday, March 12. The firm has “Buy” rating given on Thursday, August 6 by Argus Research. The firm has “Outperform” rating given on Thursday, October 6 by Robert W. Baird.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.08, from 1.06 in 2017Q3. It dropped, as 46 investors sold NOC shares while 287 reduced holdings. 105 funds opened positions while 222 raised stakes. 137.07 million shares or 0.41% less from 137.63 million shares in 2017Q3 were reported. Bank & Trust Of Nova Scotia invested in 67,464 shares. Cullinan invested 0.02% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). 6,913 are held by Trexquant Investment Lp. Amalgamated Bancorp accumulated 21,522 shares. Atwood & Palmer reported 0.02% in Northrop Grumman Corporation (NYSE:NOC). Cap Ww, a California-based fund reported 4.67 million shares. King Luther Management Corp reported 0% stake. Tiverton Asset Limited Liability Com holds 2,427 shares or 0.05% of its portfolio. Sfe Inv Counsel holds 0.29% or 2,300 shares. Kcm Investment Advisors stated it has 672 shares. Moreover, Blair William Il has 0.03% invested in Northrop Grumman Corporation (NYSE:NOC) for 12,194 shares. Davis R M accumulated 45,578 shares. Gabelli Funds Ltd Company reported 0.04% in Northrop Grumman Corporation (NYSE:NOC). Lincoln National holds 3,204 shares or 0.03% of its portfolio. 1,666 are held by Manchester Cap Mngmt Ltd Co.

St James Investment Company Llc, which manages about $1.41 billion and $865.40 million US Long portfolio, upped its stake in Sanofi (NYSE:SNY) by 134,883 shares to 1.56M shares, valued at $67.05M in 2017Q4, according to the filing. It also increased its holding in Liberty Global Plc (NASDAQ:LBTYK) by 858,020 shares in the quarter, for a total of 897,575 shares, and has risen its stake in Schlumberger Ltd (NYSE:SLB).

W. R. Berkley Corporation (NYSE:WRB) Institutional Positions Chart

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By1 Linda Rogers

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