Benin Management Cut Hartford Finl Svcs Group (HIG) Position by $464,475; Rothschild Investment Has Decreased Its Position in Gilead Sciences Com (GILD) as Stock Price Declined

March 9, 2018 - By Elijah Rosenthal

Rothschild Investment Corp decreased its stake in Gilead Sciences Inc Com (GILD) by 42.89% based on its latest 2017Q3 regulatory filing with the SEC. Rothschild Investment Corp sold 14,535 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 19,354 shares of the health care company at the end of 2017Q3, valued at $1.57 million, down from 33,889 at the end of the previous reported quarter. Rothschild Investment Corp who had been investing in Gilead Sciences Inc Com for a number of months, seems to be less bullish one the $105.73B market cap company. The stock increased 0.80% or $0.6401 during the last trading session, reaching $80.7101. About 1.22M shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since March 9, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Benin Management Corp decreased its stake in Hartford Finl Svcs Group Inc (HIG) by 4.26% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp sold 8,445 shares as the company’s stock rose 0.12% with the market. The institutional investor held 189,996 shares of the finance company at the end of 2017Q3, valued at $10.53M, down from 198,441 at the end of the previous reported quarter. Benin Management Corp who had been investing in Hartford Finl Svcs Group Inc for a number of months, seems to be less bullish one the $19.57B market cap company. The stock increased 0.84% or $0.455 during the last trading session, reaching $54.815. About 687,374 shares traded. The Hartford Financial Services Group, Inc. (NYSE:HIG) has risen 9.92% since March 9, 2017 and is uptrending. It has underperformed by 6.78% the S&P500.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It is positive, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Capital Advsr Limited Liability Corporation stated it has 32,099 shares. Old Bank In invested in 32,092 shares. State Of Alaska Department Of Revenue accumulated 0.03% or 7,070 shares. 7.05 million are held by Legal And General Gp Public Ltd Llc. Moneta Gru Advsr Limited reported 53,135 shares. Wilsey Asset Mgmt invested in 116,203 shares. Sva Plumb Wealth Lc accumulated 2,720 shares. Page Arthur B has 0.86% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 12,045 shares. Lowe Brockenbrough Incorporated accumulated 19,195 shares. Cutter And Communications Brokerage Inc owns 0.69% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 21,495 shares. Ifrah Fincl stated it has 0.21% in Gilead Sciences, Inc. (NASDAQ:GILD). 9,400 are owned by Horizon Kinetics Limited Liability Company. Cue Finance Grp Inc Inc reported 8,071 shares stake. Benjamin F Edwards & reported 27,637 shares or 0.27% of all its holdings. Capital Counsel Ltd Liability Ny stated it has 69,880 shares or 0.51% of all its holdings.

Analysts await Gilead Sciences, Inc. (NASDAQ:GILD) to report earnings on May, 1. They expect $1.59 earnings per share, down 27.73% or $0.61 from last year’s $2.2 per share. GILD’s profit will be $2.08 billion for 12.69 P/E if the $1.59 EPS becomes a reality. After $1.60 actual earnings per share reported by Gilead Sciences, Inc. for the previous quarter, Wall Street now forecasts -0.63% negative EPS growth.

Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 21 have Buy rating, 0 Sell and 9 Hold. Therefore 70% are positive. Gilead Sciences had 126 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Wednesday, November 2 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, October 18 by Cowen & Co. The firm earned “Market Perform” rating on Thursday, October 5 by Leerink Swann. The stock of Gilead Sciences, Inc. (NASDAQ:GILD) earned “Overweight” rating by Barclays Capital on Tuesday, March 6. Credit Suisse maintained Gilead Sciences, Inc. (NASDAQ:GILD) rating on Monday, August 28. Credit Suisse has “Buy” rating and $79.0 target. The firm has “Buy” rating by Jefferies given on Tuesday, September 6. The firm has “Hold” rating given on Monday, August 28 by Maxim Group. The firm has “Hold” rating given on Wednesday, January 3 by Credit Suisse. The rating was upgraded by Citigroup on Tuesday, January 30 to “Buy”. The firm has “Market Perform” rating given on Thursday, October 19 by Leerink Swann.

Rothschild Investment Corp, which manages about $1.10 billion and $883.36M US Long portfolio, upped its stake in Medtronic Plc Shs (NYSE:MDT) by 5,078 shares to 21,554 shares, valued at $1.68 million in 2017Q3, according to the filing. It also increased its holding in Cvs Health Corporation (NYSE:CVS) by 10,730 shares in the quarter, for a total of 54,008 shares, and has risen its stake in Vanguard Index Fds Reit Etf (VNQ).

Since October 2, 2017, it had 0 insider purchases, and 13 sales for $41.72 million activity. Another trade for 100,000 shares valued at $8.02 million was sold by Meyers James R. Washington Robin L had sold 5,000 shares worth $401,566 on Wednesday, February 21. $6.05M worth of stock was sold by MARTIN JOHN C on Monday, October 2. Another trade for 60,000 shares valued at $4.68M was made by WILSON GAYLE E on Friday, February 9.

Benin Management Corp, which manages about $278.88 million and $248.13M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 28,201 shares to 198,676 shares, valued at $49.91 million in 2017Q3, according to the filing.

Analysts await The Hartford Financial Services Group, Inc. (NYSE:HIG) to report earnings on April, 26. They expect $1.13 EPS, up 13.00% or $0.13 from last year’s $1 per share. HIG’s profit will be $403.39M for 12.13 P/E if the $1.13 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 39.51% 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 48 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained The Hartford Financial Services Group, Inc. (NYSE:HIG) on Wednesday, August 19 with “Buy” rating. As per Friday, July 29, the company rating was maintained by M Partners. RBC Capital Markets upgraded The Hartford Financial Services Group, Inc. (NYSE:HIG) rating on Friday, December 9. RBC Capital Markets has “Outperform” rating and $54 target. The company was maintained on Tuesday, September 5 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of HIG in report on Thursday, November 2 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, June 14 report. On Thursday, March 30 the stock rating was maintained by Wells Fargo with “Hold”. The firm has “Neutral” rating by Nomura given on Tuesday, January 19. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Outperform” rating given on Monday, August 3 by FBR Capital. The stock has “Hold” rating by Citigroup on Wednesday, December 20.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.08, from 0.75 in 2017Q2. It improved, as 40 investors sold HIG shares while 210 reduced holdings. 63 funds opened positions while 144 raised stakes. 310.47 million shares or 1.93% less from 316.59 million shares in 2017Q2 were reported. San Francisco Sentry Invest (Ca) holds 225 shares. Voya Investment Management Limited Liability Company reported 0.4% stake. Etrade Cap Ltd Liability Corporation has 8,567 shares. Jane Street Group Ltd Liability Com accumulated 5,393 shares. Nationwide Fund Advsr reported 187,191 shares stake. Teacher Retirement System Of Texas accumulated 1.45 million shares or 0.5% of the stock. 369 were accumulated by Tower Rech Cap Ltd Limited Liability Company (Trc). Dynamic Management invested in 17,369 shares or 0.28% of the stock. 295 were accumulated by Covington Capital Mngmt. Eagle Global Advsr Lc has 87,072 shares for 0.15% of their portfolio. Moreover, Hightower Advsrs Ltd Liability Co has 0.04% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 80,079 shares. 154,837 were reported by Apg Asset Mngmt Nv. Hgk Asset Management reported 258,759 shares. Regentatlantic Cap Ltd holds 0.31% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 64,622 shares. 4,474 were accumulated by Verition Fund.