Renasant Corp. (RNST) Reaches $42.91 Formed H&S; Payden & Rygel Has Boosted Its Altria Group (MO) Holding

October 30, 2017 - By Nellie Frank

Renasant Corp. (RNST) formed H&S with $41.62 target or 3.00% below today’s $42.91 share price. Renasant Corp. (RNST) has $2.12 billion valuation. The stock increased 0.54% or $0.23 on October 27, reaching $42.91. About shares traded. Renasant Corp. (NASDAQ:RNST) has risen 22.29% since October 30, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Payden & Rygel increased Altria Group (MO) stake by 4.09% reported in 2017Q2 SEC filing. Payden & Rygel acquired 16,700 shares as Altria Group (MO)’s stock declined 2.84%. The Payden & Rygel holds 425,184 shares with $31.66 million value, up from 408,484 last quarter. Altria Group now has $123.88 billion valuation. The stock decreased 1.31% or $0.86 during the last trading session, reaching $64.92. About 121 shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since October 30, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Among 18 analysts covering Altria Group Inc. (NYSE:MO), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Altria Group Inc. had 47 analyst reports since July 31, 2015 according to SRatingsIntel. The company was downgraded on Friday, February 3 by Berenberg. Citigroup initiated the shares of MO in report on Tuesday, September 13 with “Buy” rating. The firm earned “Buy” rating on Thursday, September 14 by Piper Jaffray. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, September 21. The firm has “Buy” rating given on Monday, July 31 by Wells Fargo. The stock of Altria Group Inc (NYSE:MO) has “Sell” rating given on Monday, May 29 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. The stock of Altria Group Inc (NYSE:MO) has “Market Perform” rating given on Friday, October 30 by Cowen & Co. The firm earned “Outperform” rating on Tuesday, September 26 by Cowen & Co.

Since May 8, 2017, it had 0 buys, and 2 insider sales for $664,775 activity. MUNOZ GEORGE sold $361,725 worth of stock or 5,000 shares. 4,285 shares were sold by DEVITRE DINYAR S, worth $303,050 on Monday, May 8.