Roffman Miller Associates Increases Stake in Medtronic Plc (MDT); Pine Brook Road Advisors LP Has Trimmed Essent Group LTD (ESNT) Holding as Shares Declined

April 24, 2018 - By Jacob Smith

Medtronic plc (NYSE:MDT) Logo

Roffman Miller Associates Inc increased its stake in Medtronic Plc (MDT) by 2.36% based on its latest 2017Q4 regulatory filing with the SEC. Roffman Miller Associates Inc bought 5,601 shares as the company’s stock declined 4.15% with the market. The institutional investor held 243,332 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q4, valued at $19.65 million, up from 237,731 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $108.39B market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $79.97. About 1.21 million shares traded. Medtronic plc (NYSE:MDT) has declined 3.54% since April 24, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Pine Brook Road Advisors Lp decreased its stake in Essent Group Ltd (ESNT) by 88.28% based on its latest 2017Q4 regulatory filing with the SEC. Pine Brook Road Advisors Lp sold 4.07M shares as the company’s stock declined 5.68% with the market. The institutional investor held 540,059 shares of the property-casualty insurers company at the end of 2017Q4, valued at $23.45M, down from 4.61M at the end of the previous reported quarter. Pine Brook Road Advisors Lp who had been investing in Essent Group Ltd for a number of months, seems to be less bullish one the $3.45B market cap company. The stock increased 2.43% or $0.84 during the last trading session, reaching $35.19. About 282,000 shares traded. Essent Group Ltd. (NYSE:ESNT) has risen 21.73% since April 24, 2017 and is uptrending. It has outperformed by 10.18% the S&P500.

Roffman Miller Associates Inc, which manages about $833.24 million and $810.76M US Long portfolio, decreased its stake in Cvs Health Corp. (NYSE:CVS) by 9,311 shares to 142,641 shares, valued at $10.34 million in 2017Q4, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 5,412 shares in the quarter, leaving it with 126,078 shares, and cut its stake in Under Armour Class C.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 82 analyst reports since August 10, 2015 according to SRatingsIntel. Jefferies maintained Medtronic plc (NYSE:MDT) rating on Tuesday, November 21. Jefferies has “Buy” rating and $99.0 target. The stock has “Buy” rating by Oppenheimer on Tuesday, August 22. The firm has “Outperform” rating by William Blair given on Thursday, July 6. Bank of America downgraded Medtronic plc (NYSE:MDT) on Tuesday, January 3 to “Neutral” rating. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Needham on Tuesday, July 18. As per Wednesday, June 1, the company rating was downgraded by BTIG Research. The company was maintained on Tuesday, July 18 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Wednesday, November 22 with “Hold”. The firm has “Buy” rating given on Tuesday, January 2 by Bank of America. Cowen & Co maintained Medtronic plc (NYSE:MDT) on Wednesday, September 27 with “Buy” rating.

Investors sentiment decreased to 1.02 in 2017 Q4. Its down 0.10, from 1.12 in 2017Q3. It fall, as 65 investors sold MDT shares while 427 reduced holdings. 111 funds opened positions while 393 raised stakes. 1.04 billion shares or 2.98% less from 1.07 billion shares in 2017Q3 were reported. Salem Counselors reported 1,479 shares. First Bancshares reported 0.16% in Medtronic plc (NYSE:MDT). Cypress Asset Management Incorporated Tx has 25,820 shares. New York-based M&T Bancshares has invested 0.08% in Medtronic plc (NYSE:MDT). Fdx holds 0.09% of its portfolio in Medtronic plc (NYSE:MDT) for 40,549 shares. Lombard Odier Asset Management (Europe) Ltd reported 15,248 shares stake. Cipher Capital LP has 0.12% invested in Medtronic plc (NYSE:MDT). Murphy Capital holds 0.05% or 4,902 shares. 6,937 were accumulated by Amg National Savings Bank. Engineers Gate Manager Lp has 0.22% invested in Medtronic plc (NYSE:MDT). Central Bancshares Tru Co owns 4,921 shares or 0.1% of their US portfolio. Bryn Mawr Tru owns 10,396 shares or 0.05% of their US portfolio. Keating Counselors Inc has invested 1.55% in Medtronic plc (NYSE:MDT). Carnegie Cap Asset Llc accumulated 6,513 shares. 73,094 are owned by Appleton Partners Ma.

Investors sentiment decreased to 1.51 in 2017 Q4. Its down 0.24, from 1.75 in 2017Q3. It worsened, as 19 investors sold ESNT shares while 70 reduced holdings. 43 funds opened positions while 91 raised stakes. 83.75 million shares or 0.88% more from 83.02 million shares in 2017Q3 were reported. Hillsdale Inv Mngmt has 0.21% invested in Essent Group Ltd. (NYSE:ESNT) for 30,600 shares. Arrowstreet Capital Partnership owns 307,211 shares. Strs Ohio reported 36,000 shares stake. Meeder Asset Mgmt holds 0.04% or 11,450 shares. Qs Invsts owns 224,639 shares or 0.09% of their US portfolio. Massachusetts-based Eaton Vance Mgmt has invested 0.05% in Essent Group Ltd. (NYSE:ESNT). Virtu Financial Ltd Limited Liability Company holds 14,075 shares or 0.03% of its portfolio. Citigroup reported 0% in Essent Group Ltd. (NYSE:ESNT). Indexiq Advisors Limited Liability Co holds 0.06% of its portfolio in Essent Group Ltd. (NYSE:ESNT) for 38,953 shares. Los Angeles Cap Management Equity Rech holds 159,029 shares or 0.04% of its portfolio. Pnc Financial Services has 142,950 shares. Bluemountain Cap Limited Liability Com holds 0.05% or 51,958 shares. Tiaa Cref Inv Mngmt Ltd holds 0.02% or 545,818 shares. Finemark Retail Bank & has 7,343 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation invested in 0.04% or 116,300 shares.

Since January 24, 2018, it had 0 insider purchases, and 2 insider sales for $22.32 million activity. 500,000 shares were sold by CASALE MARK, worth $22.31M on Monday, February 12.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on May, 4 before the open. They expect $1.11 earnings per share, up 54.17% or $0.39 from last year’s $0.72 per share. ESNT’s profit will be $108.89 million for 7.93 P/E if the $1.11 EPS becomes a reality. After $0.79 actual earnings per share reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts 40.51% EPS growth.

Essent Group Ltd. (NYSE:ESNT) Ratings Chart

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