Williams Cos Del (WMB) Valuation Rose While Columbus Hill Capital Management LP Trimmed Its Stake; Progressive Ohio (PGR) Shareholder Cubist Systematic Strategies Has Cut Position as Valuation Rose

February 15, 2018 - By Richard Conner

Cubist Systematic Strategies Llc decreased its stake in Progressive Corp Ohio (PGR) by 84.05% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 24,328 shares as the company’s stock rose 6.56% with the market. The institutional investor held 4,618 shares of the property-casualty insurers company at the end of 2017Q3, valued at $224,000, down from 28,946 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $32.98 billion market cap company. The stock increased 0.71% or $0.4 during the last trading session, reaching $56.7. About 1.08M shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 15, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Kevin D. Eng decreased its stake in Williams Cos Inc Del (WMB) by 59.43% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Hill Capital Management Lp sold 1.05M shares as the company’s stock rose 7.09% with the market. The hedge fund run by Kevin D. Eng held 719,178 shares of the public utilities company at the end of 2017Q3, valued at $21.58M, down from 1.77M at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Williams Cos Inc Del for a number of months, seems to be less bullish one the $24.77B market cap company. The stock decreased 0.05% or $0.01 during the last trading session, reaching $29.97. About 2.41M shares traded. The Williams Companies, Inc. (NYSE:WMB) has risen 40.20% since February 15, 2017 and is uptrending. It has outperformed by 23.50% the S&P500.

Since August 17, 2017, it had 0 insider buys, and 3 insider sales for $788,383 activity. Griffith Susan Patricia also sold $1.70M worth of The Progressive Corporation (NYSE:PGR) on Thursday, August 17. The insider Broz Steven sold $60,913. 9,000 shares were sold by BASCH JEFFREY W, worth $434,070 on Wednesday, October 18. 6,000 shares were sold by Charney M Jeffrey, worth $293,400.

Cubist Systematic Strategies Llc, which manages about $1.79 billion US Long portfolio, upped its stake in Alliance Data Systems Corp (NYSE:ADS) by 8,442 shares to 10,767 shares, valued at $2.39 million in 2017Q3, according to the filing. It also increased its holding in Enel Americas S A (NYSE:ENI) by 33,512 shares in the quarter, for a total of 84,343 shares, and has risen its stake in Proofpoint Inc (NASDAQ:PFPT).

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It fall, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Wendell David Assocs reported 0.04% of its portfolio in The Progressive Corporation (NYSE:PGR). First Quadrant Lp Ca has 597,739 shares for 0.56% of their portfolio. Sun Life Financial Inc invested in 0.02% or 4,285 shares. 14,946 were reported by Cleararc Inc. 18,000 are held by Lockheed Martin Investment Mngmt. Beck Mack & Oliver Limited Co holds 25,796 shares or 0.04% of its portfolio. D E Shaw & Company Inc has 1.95M shares for 0.15% of their portfolio. The California-based Tarbox Family Office has invested 0.01% in The Progressive Corporation (NYSE:PGR). Australia-based Westpac Bk Corporation has invested 0.04% in The Progressive Corporation (NYSE:PGR). Moreover, Ahl Ptnrs Llp has 0.03% invested in The Progressive Corporation (NYSE:PGR). Bonness Enterprises Inc owns 610,608 shares. Moreover, Central Securities has 1.33% invested in The Progressive Corporation (NYSE:PGR). Nomura Asset Management Ltd holds 80,881 shares. Driehaus Mngmt holds 0.01% of its portfolio in The Progressive Corporation (NYSE:PGR) for 7,087 shares. Tower Rech Capital Limited Liability (Trc) stated it has 0% in The Progressive Corporation (NYSE:PGR).

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Goldman Sachs maintained the stock with “Sell” rating in Thursday, March 17 report. The stock of The Progressive Corporation (NYSE:PGR) has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. As per Wednesday, November 15, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, December 4. The firm earned “Neutral” rating on Wednesday, October 18 by Citigroup. On Thursday, August 17 the stock rating was maintained by Citigroup with “Neutral”. Credit Suisse downgraded the shares of PGR in report on Friday, November 6 to “Underperform” rating. The company was maintained on Wednesday, June 14 by Wells Fargo. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, September 18. The firm has “Sell” rating by Goldman Sachs given on Monday, November 16.

Since September 26, 2017, it had 0 buys, and 3 insider sales for $9.43 million activity. Ewing Robyn L had sold 9,913 shares worth $297,250 on Wednesday, September 27. Scheel James E. sold $888,195 worth of stock.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.13, from 1.06 in 2017Q2. It is positive, as 40 investors sold WMB shares while 203 reduced holdings. 66 funds opened positions while 223 raised stakes. 687.46 million shares or 1.13% less from 695.32 million shares in 2017Q2 were reported. Mengis Capital Mngmt has invested 0.82% in The Williams Companies, Inc. (NYSE:WMB). Asset Management Limited Liability Corp owns 110,785 shares or 3.03% of their US portfolio. 2.37M are owned by Cushing Asset Limited Partnership. Tiedemann Wealth Mngmt Lc invested 0.05% in The Williams Companies, Inc. (NYSE:WMB). Dnb Asset As stated it has 92,000 shares. Beach Inv Counsel Inc Pa, a Pennsylvania-based fund reported 49,136 shares. Hm Payson And Comm has 0.1% invested in The Williams Companies, Inc. (NYSE:WMB). Whittier Tru Of Nevada Inc reported 1,578 shares stake. Glenview Capital Mngmt Limited Liability Com, a New York-based fund reported 7.53M shares. Lowe Brockenbrough & invested 0.05% of its portfolio in The Williams Companies, Inc. (NYSE:WMB). Nj State Employees Deferred Compensation Plan has invested 0.19% in The Williams Companies, Inc. (NYSE:WMB). Prudential Public Ltd Com stated it has 0% in The Williams Companies, Inc. (NYSE:WMB). Cap Rech Global holds 0.05% of its portfolio in The Williams Companies, Inc. (NYSE:WMB) for 5.91 million shares. The Florida-based Raymond James Trust Na has invested 0.03% in The Williams Companies, Inc. (NYSE:WMB). 314,151 are owned by Toronto Dominion National Bank.

Columbus Hill Capital Management Lp, which manages about $1.68 billion and $1.40 billion US Long portfolio, upped its stake in Empresa Dist Y Comercial Nor (NYSE:EDN) by 9,312 shares to 531,200 shares, valued at $21.12 million in 2017Q3, according to the filing. It also increased its holding in Energy Transfer Equity LP (NYSE:ETE) by 30,000 shares in the quarter, for a total of 558,500 shares, and has risen its stake in Discover Finl Svcs (NYSE:DFS).

Analysts await The Williams Companies, Inc. (NYSE:WMB) to report earnings on February, 21. They expect $0.20 EPS, up 17.65% or $0.03 from last year’s $0.17 per share. WMB’s profit will be $165.32M for 37.46 P/E if the $0.20 EPS becomes a reality. After $0.15 actual EPS reported by The Williams Companies, Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

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