Asset Management Group Has Trimmed Its Stake in Berkley W R (WRB) by $489,240; Energen (EGN) Stock Rose While Price Michael F Has Lowered Its Position by $6.12 Million

September 14, 2018 - By Joseph Taylor

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

Asset Management Group Inc decreased its stake in Berkley W R Corporation (WRB) by 16.41% based on its latest 2018Q2 regulatory filing with the SEC. Asset Management Group Inc sold 6,795 shares as the company’s stock rose 2.63% with the market. The institutional investor held 34,617 shares of the property-casualty insurers company at the end of 2018Q2, valued at $2.51M, down from 41,412 at the end of the previous reported quarter. Asset Management Group Inc who had been investing in Berkley W R Corporation for a number of months, seems to be less bullish one the $9.82B market cap company. The stock increased 1.14% or $0.91 during the last trading session, reaching $80.6. About 97,601 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 20.79% since September 14, 2017 and is uptrending. It has outperformed by 5.17% the S&P500. Some Historical WRB News: 19/03/2018 – A.M. Best Assigns Issue Credit Rating to W. R. Berkley Corporation’s Subordinated Debentures; 19/04/2018 – W. R. Berkley Corporation Announces Senior Executive Appointments; 23/04/2018 – W. R. Berkley Corporation Nominates Leigh Ann Pusey to Stand for Election as New Director; 24/04/2018 – W. R. BERKLEY CORP QTRLY COMBINED RATIO WAS 94.6%; 24/04/2018 – WR Berkley 1Q EPS $1.30; 10/05/2018 – Berkley One Announces Partnership with CyberScout to Provide Clients with Identity Management Services; 15/05/2018 – Berkley WR Corp. Exits Position in Global Partner Acquisition; 19/03/2018 – W. R. Berkley Corporation Announces Pricing of $175 Million of 5.70% Subordinated Debentures Due 2058; 10/05/2018 – Moody’s Upgrades W.R. Berkley Senior Debt To Baa1, Outlook Stable; 04/04/2018 – Berkley One Launches in Arizona & Colorado and Adds New Travel Product

Price Michael F decreased its stake in Energen Corporation (EGN) by 89.47% based on its latest 2018Q2 regulatory filing with the SEC. Price Michael F sold 85,000 shares as the company’s stock rose 18.22% with the market. The hedge fund held 10,000 shares of the oil & gas production company at the end of 2018Q2, valued at $728,000, down from 95,000 at the end of the previous reported quarter. Price Michael F who had been investing in Energen Corporation for a number of months, seems to be less bullish one the $7.63 billion market cap company. The stock increased 3.48% or $2.63 during the last trading session, reaching $78.18. About 1.32 million shares traded. Energen Corporation (NYSE:EGN) has risen 46.87% since September 14, 2017 and is uptrending. It has outperformed by 31.25% the S&P500. Some Historical EGN News: 21/05/2018 – ICAHN SAYS AMTRUST IS VERY UNDERVALUED – CNBC; 13/04/2018 – ENERGEN CORP EGN.N : CREDIT SUISSE RAISES TARGET PRICE TO $72 FROM $68; 21/05/2018 – Corvex and Icahn to mull making a bid for Energen; 21/05/2018 – Icahn, Corvex Show Interest in Buying Energen; 13/03/2018 – ENERGEN CORP EGN.N : DEUTSCHE BANK RAISES TARGET PRICE TO $74 FROM $67; 07/03/2018 – ENERGEN NAMES VINCENT INTRIERI, JONATHAN COHEN TO BOARD; 07/03/2018 – ENERGEN CORP – ENTERS INTO AGREEMENT WITH CORVEX MANAGEMENT LP; 21/05/2018 – ICAHN WORKING WITH CORVEX’S MEISTER ON ENERGEN; 08/05/2018 – ENERGEN 1Q ADJ EPS 81C, EST. 79C; 08/05/2018 – Energen 1Q Net $118.9M

Price Michael F, which manages about $846.20M US Long portfolio, upped its stake in Ni Holdings Inc. by 127,469 shares to 403,667 shares, valued at $6.84M in 2018Q2, according to the filing. It also increased its holding in Coty Inc. (NYSE:COTY) by 232,500 shares in the quarter, for a total of 305,000 shares, and has risen its stake in Pdvwireless.

Among 39 analysts covering Energen Corporation (NYSE:EGN), 22 have Buy rating, 2 Sell and 15 Hold. Therefore 56% are positive. Energen Corporation had 143 analyst reports since July 21, 2015 according to SRatingsIntel. Stephens maintained it with “Buy” rating and $74.0 target in Tuesday, March 13 report. The rating was upgraded by Susquehanna to “Positive” on Wednesday, May 11. Stephens maintained Energen Corporation (NYSE:EGN) rating on Tuesday, April 24. Stephens has “Buy” rating and $9200 target. Citigroup maintained Energen Corporation (NYSE:EGN) rating on Tuesday, August 15. Citigroup has “Neutral” rating and $56 target. The stock has “Neutral” rating by Susquehanna on Tuesday, January 26. JP Morgan initiated the stock with “Neutral” rating in Wednesday, December 9 report. The firm earned “Hold” rating on Friday, July 20 by Williams Capital Group. The stock has “In-Line” rating by Imperial Capital on Wednesday, August 8. Citigroup maintained it with “Neutral” rating and $55 target in Thursday, July 13 report. As per Thursday, October 6, the company rating was maintained by Wunderlich.

Analysts await Energen Corporation (NYSE:EGN) to report earnings on November, 14. They expect $0.81 EPS, up 305.00% or $0.61 from last year’s $0.2 per share. EGN’s profit will be $79.02M for 24.13 P/E if the $0.81 EPS becomes a reality. After $0.77 actual EPS reported by Energen Corporation for the previous quarter, Wall Street now forecasts 5.19% EPS growth.

More news for Energen Corporation (NYSE:EGN) were recently published by: Seekingalpha.com, which released: “Diamondback’s Home Run” on August 17, 2018. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Energen Corporation – EGN” and published on September 13, 2018 is yet another important article.

Investors sentiment increased to 1.27 in 2018 Q2. Its up 0.03, from 1.24 in 2018Q1. It is positive, as 32 investors sold EGN shares while 91 reduced holdings. 65 funds opened positions while 91 raised stakes. 88.08 million shares or 4.33% more from 84.42 million shares in 2018Q1 were reported. Eaton Vance has 17,489 shares for 0% of their portfolio. 125,492 are held by Sei Invests Co. Credit Suisse Ag reported 109,868 shares stake. Hollow Brook Wealth Mngmt Limited Liability Corporation reported 26,320 shares or 1.51% of all its holdings. Prudential Fincl owns 750,793 shares or 0.08% of their US portfolio. Monarch Prtn Asset Mngmt Lc invested 1.17% of its portfolio in Energen Corporation (NYSE:EGN). Illinois-based Envestnet Asset Inc has invested 0% in Energen Corporation (NYSE:EGN). Ls Advsr Ltd Llc has invested 0.02% in Energen Corporation (NYSE:EGN). Mitchell Mcleod Pugh Williams reported 7,867 shares. Public Employees Retirement Association Of Colorado owns 18,489 shares for 0.01% of their portfolio. Fund Management stated it has 0.08% in Energen Corporation (NYSE:EGN). Oregon Public Employees Retirement Fund owns 0.04% invested in Energen Corporation (NYSE:EGN) for 38,013 shares. State Of New Jersey Common Pension Fund D holds 0.01% or 45,000 shares. Teachers Retirement System Of The State Of Kentucky has 0.02% invested in Energen Corporation (NYSE:EGN). Gabelli Funds Ltd Liability Corporation has 21,000 shares.

Since March 14, 2018, it had 8 buys, and 3 insider sales for $266.05 million activity. ICAHN CARL C had bought 189,582 shares worth $14.10M on Thursday, July 26. LYNCH RUSSELL E. JR. sold $173,727 worth of stock or 2,233 shares. On Monday, March 26 the insider MCMANUS J T sold $180,907.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts