Pekin Singer Strauss Asset Management Trimmed Aon Plc (AON) Holding by $332,150; Numeric Investors Has Cut Its Stake in Conagra Brands (CAG) by $24.28 Million as Valuation Declined

February 21, 2018 - By Adrian Erickson

Pekin Singer Strauss Asset Management decreased its stake in Aon Plc (AON) by 6.1% based on its latest 2017Q3 regulatory filing with the SEC. Pekin Singer Strauss Asset Management sold 2,275 shares as the company’s stock rose 8.30% with the market. The institutional investor held 35,040 shares of the specialty insurers company at the end of 2017Q3, valued at $5.12 million, down from 37,315 at the end of the previous reported quarter. Pekin Singer Strauss Asset Management who had been investing in Aon Plc for a number of months, seems to be less bullish one the $35.18 billion market cap company. The stock decreased 0.10% or $0.14 during the last trading session, reaching $140.72. About 941,118 shares traded. Aon plc (NYSE:AON) has risen 21.47% since February 21, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Numeric Investors Llc decreased its stake in Conagra Brands Inc (CAG) by 23.92% based on its latest 2017Q3 regulatory filing with the SEC. Numeric Investors Llc sold 735,900 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 2.34 million shares of the consumer non-durables company at the end of 2017Q3, valued at $78.99 million, down from 3.08M at the end of the previous reported quarter. Numeric Investors Llc who had been investing in Conagra Brands Inc for a number of months, seems to be less bullish one the $14.46B market cap company. The stock decreased 0.47% or $0.17 during the last trading session, reaching $36.08. About 3.06M shares traded. Conagra Brands, Inc. (NYSE:CAG) has risen 8.39% since February 21, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

Analysts await Conagra Brands, Inc. (NYSE:CAG) to report earnings on March, 22. They expect $0.52 EPS, up 8.33% or $0.04 from last year’s $0.48 per share. CAG’s profit will be $208.35M for 17.35 P/E if the $0.52 EPS becomes a reality. After $0.55 actual EPS reported by Conagra Brands, Inc. for the previous quarter, Wall Street now forecasts -5.45% negative EPS growth.

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 46 analyst reports since September 16, 2015 according to SRatingsIntel. Goldman Sachs initiated the shares of CAG in report on Thursday, February 25 with “Neutral” rating. As per Tuesday, December 12, the company rating was upgraded by UBS. The company was upgraded on Friday, February 12 by Bank of America. The rating was maintained by RBC Capital Markets on Friday, July 1 with “Sector Perform”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 29. The rating was initiated by Deutsche Bank on Wednesday, February 15 with “Buy”. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, September 23 report. The firm earned “Hold” rating on Friday, September 25 by Deutsche Bank. RBC Capital Markets maintained Conagra Brands, Inc. (NYSE:CAG) rating on Tuesday, November 7. RBC Capital Markets has “Buy” rating and $45.0 target. The company was maintained on Friday, June 23 by Morgan Stanley.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.17, from 0.82 in 2017Q2. It increased, as 53 investors sold CAG shares while 197 reduced holdings. 66 funds opened positions while 181 raised stakes. 310.77 million shares or 1.88% less from 316.73 million shares in 2017Q2 were reported. Bollard Gru Ltd Liability Corp has invested 0.14% in Conagra Brands, Inc. (NYSE:CAG). Moreover, Strs Ohio has 0.01% invested in Conagra Brands, Inc. (NYSE:CAG). Virtus Advisers invested in 3,561 shares. Commonwealth Of Pennsylvania School Empls Retrmt Systems holds 0.02% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 33,804 shares. Commonwealth Equity Inc stated it has 0.01% in Conagra Brands, Inc. (NYSE:CAG). Stonebridge Cap Management invested 0.15% in Conagra Brands, Inc. (NYSE:CAG). Susquehanna Intll Group Incorporated Llp owns 12,131 shares. Georgia-based Vident Investment Advisory Limited Co has invested 0.05% in Conagra Brands, Inc. (NYSE:CAG). Caisse De Depot Et Placement Du Quebec reported 178,400 shares. Kwmg Limited holds 0.5% in Conagra Brands, Inc. (NYSE:CAG) or 45,021 shares. Argyle Management stated it has 0.74% of its portfolio in Conagra Brands, Inc. (NYSE:CAG). Carroll holds 0.01% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 1,403 shares. State Of Alaska Department Of Revenue has 181,180 shares for 0.31% of their portfolio. 75,905 are held by Exxonmobil Investment Tx. Burns J W Com Ny accumulated 0.1% or 10,626 shares.

Since October 13, 2017, it had 0 insider buys, and 2 selling transactions for $5.47 million activity. $4.59M worth of Conagra Brands, Inc. (NYSE:CAG) shares were sold by Batcheler Colleen.

Numeric Investors Llc, which manages about $14.26B and $13.01 billion US Long portfolio, upped its stake in Unisys Corp (NYSE:UIS) by 138,825 shares to 175,800 shares, valued at $1.49M in 2017Q3, according to the filing. It also increased its holding in Big Lots Inc (NYSE:BIG) by 190,500 shares in the quarter, for a total of 269,100 shares, and has risen its stake in Davita Inc (NYSE:DVA).

Analysts await Aon plc (NYSE:AON) to report earnings on May, 8. They expect $2.81 EPS, up 93.79% or $1.36 from last year’s $1.45 per share. AON’s profit will be $702.56 million for 12.52 P/E if the $2.81 EPS becomes a reality. After $2.35 actual EPS reported by Aon plc for the previous quarter, Wall Street now forecasts 19.57% EPS growth.

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