Mercury General (MCY) Stock Price Declined While Bank Of New York Mellon Raised Stake; Prince Street Capital Management Lowered Grupo Financiero Galicia S A (GGAL) Stake by $15.52 Million as Stock Declined

May 23, 2018 - By Marguerite Chambers

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Logo

Bank Of New York Mellon Corp increased its stake in Mercury General Corp (MCY) by 9.72% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of New York Mellon Corp bought 45,488 shares as the company’s stock declined 16.16% with the market. The institutional investor held 513,262 shares of the property-casualty insurers company at the end of 2017Q4, valued at $27.43 million, up from 467,774 at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Mercury General Corp for a number of months, seems to be bullish on the $2.68B market cap company. The stock increased 0.54% or $0.26 during the last trading session, reaching $48.37. About 182,014 shares traded. Mercury General Corporation (NYSE:MCY) has declined 25.46% since May 23, 2017 and is downtrending. It has underperformed by 37.01% the S&P500.

Prince Street Capital Management Llc decreased its stake in Grupo Financiero Galicia S A (GGAL) by 49.45% based on its latest 2017Q4 regulatory filing with the SEC. Prince Street Capital Management Llc sold 238,700 shares as the company’s stock declined 0.09% with the market. The institutional investor held 244,000 shares of the commercial banks company at the end of 2017Q4, valued at $16.07M, down from 482,700 at the end of the previous reported quarter. Prince Street Capital Management Llc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $6.48B market cap company. The stock decreased 1.80% or $0.84 during the last trading session, reaching $45.85. About 557,274 shares traded or 4.13% up from the average. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 69.37% since May 23, 2017 and is uptrending. It has outperformed by 57.82% the S&P500.

More news for Mercury General Corporation (NYSE:MCY) were recently published by: Seekingalpha.com, which released: “Mercury General slides 6.2% post Q1 results.” on April 30, 2018. Benzinga.com‘s article titled: “Earnings Scheduled For April 30, 2018” and published on April 30, 2018 is yet another important article.

Investors sentiment increased to 2.13 in Q4 2017. Its up 0.62, from 1.51 in 2017Q3. It increased, as 11 investors sold MCY shares while 43 reduced holdings. 39 funds opened positions while 76 raised stakes. 24.64 million shares or 2.07% less from 25.16 million shares in 2017Q3 were reported. 30,371 are owned by Mutual Of America Mngmt. Moreover, Roundview Capital Limited Co has 0.06% invested in Mercury General Corporation (NYSE:MCY). Jnba Financial Advisors reported 53 shares. Retirement Of Alabama invested 0.01% of its portfolio in Mercury General Corporation (NYSE:MCY). Quantbot Ltd Partnership reported 1,205 shares. 13,752 are owned by Aperio Gru Limited Liability Co. Balyasny Asset Mngmt Lc stated it has 0.02% in Mercury General Corporation (NYSE:MCY). Federated Pa accumulated 16,526 shares. Moreover, Petrus Tru Lta has 0.06% invested in Mercury General Corporation (NYSE:MCY). Qs Llc holds 0% or 3,896 shares. Vident Advisory Llc has invested 0.01% in Mercury General Corporation (NYSE:MCY). Gam Holding Ag invested 0.01% of its portfolio in Mercury General Corporation (NYSE:MCY). Virtus Invest Advisers Incorporated has invested 0% of its portfolio in Mercury General Corporation (NYSE:MCY). Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,468 shares. Ascend Capital Ltd Liability owns 9,301 shares.

Bank Of New York Mellon Corp, which manages about $379.94 billion US Long portfolio, decreased its stake in Trimas Corp (NASDAQ:TRS) by 25,523 shares to 191,346 shares, valued at $5.12 million in 2017Q4, according to the filing. It also reduced its holding in Southwestern Energy Co by 417,148 shares in the quarter, leaving it with 45,344 shares, and cut its stake in Navigators Group Inc (NASDAQ:NAVG).

Since February 8, 2018, it had 1 buying transaction, and 0 insider sales for $21,338 activity.

Among 2 analysts covering Mercury General (NYSE:MCY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Mercury General had 3 analyst reports since August 26, 2015 according to SRatingsIntel. Zacks upgraded the shares of MCY in report on Wednesday, August 26 to “Sell” rating. The firm earned “Neutral” rating on Tuesday, May 3 by Compass Point. Raymond James upgraded Mercury General Corporation (NYSE:MCY) on Friday, February 19 to “Mkt Perform” rating.

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Tuesday, March 29. The rating was downgraded by Zacks to “Buy” on Friday, August 7. Citigroup upgraded the stock to “Neutral” rating in Monday, August 22 report. The stock of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) earned “Neutral” rating by JP Morgan on Tuesday, February 9. The stock of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has “Outperform” rating given on Friday, October 28 by Credit Suisse.

Prince Street Capital Management Llc, which manages about $1.36B and $533.38 million US Long portfolio, upped its stake in Beigene Ltd by 5,000 shares to 350,800 shares, valued at $34.28 million in 2017Q4, according to the filing. It also increased its holding in Banco Macro Sa (NYSE:BMA) by 29,100 shares in the quarter, for a total of 58,400 shares, and has risen its stake in Pampa Energia S A (NYSE:PAM).

Another recent and important Grupo Financiero Galicia S.A. (NASDAQ:GGAL) news was published by Seekingalpha.com which published an article titled: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” on May 22, 2018.

Mercury General Corporation (NYSE:MCY) Institutional Positions Chart

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