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Brandywine Global Investment Management Upped Position in Norfolk Southern (NSC); Lomas Capital Management Has Decreased Stake in Renaissancere Holdings LTD (RNR) by $11.78 Million as Shares Declined

Daniel Lascano decreased its stake in Renaissancere Holdings Ltd (RNR) by 46.24% based on its latest 2017Q3 regulatory filing with the SEC. Lomas Capital Management Llc sold 87,255 shares as the company’s stock declined 5.81% while stock markets rallied. The hedge fund run by Daniel Lascano held 101,458 shares of the property-casualty insurers company at the end of 2017Q3, valued at $13.71 million, down from 188,713 at the end of the previous reported quarter. Lomas Capital Management Llc who had been investing in Renaissancere Holdings Ltd for a number of months, seems to be less bullish one the $5.14 billion market cap company. The stock decreased 0.96% or $1.25 during the last trading session, reaching $128.29. About 256,055 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since February 23, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

Brandywine Global Investment Management Llc increased its stake in Norfolk Southern Corp (NSC) by 221.33% based on its latest 2017Q3 regulatory filing with the SEC. Brandywine Global Investment Management Llc bought 166,803 shares as the company’s stock declined 7.75% while stock markets rallied. The institutional investor held 242,168 shares of the railroads company at the end of 2017Q3, valued at $32.03 million, up from 75,365 at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be bullish on the $40.18 billion market cap company. The stock increased 1.86% or $2.58 during the last trading session, reaching $141.48. About 1.81M shares traded or 5.76% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 34.32% since February 23, 2017 and is uptrending. It has outperformed by 17.62% the S&P500.

Since August 25, 2017, it had 0 insider purchases, and 6 insider sales for $2.47 million activity. 2,370 shares were sold by Wheeler Michael Joseph, worth $281,274. Squires James A also sold $1.50M worth of Norfolk Southern Corporation (NYSE:NSC) shares.

Among 30 analysts covering Norfolk Southern Corp. (NYSE:NSC), 7 have Buy rating, 5 Sell and 18 Hold. Therefore 23% are positive. Norfolk Southern Corp. had 93 analyst reports since July 28, 2015 according to SRatingsIntel. CLSA downgraded the shares of NSC in report on Tuesday, January 10 to “Underperform” rating. The stock has “Hold” rating by BMO Capital Markets on Thursday, August 10. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, June 1 report. Seaport Global downgraded Norfolk Southern Corporation (NYSE:NSC) rating on Monday, January 9. Seaport Global has “Neutral” rating and $106 target. Credit Suisse maintained Norfolk Southern Corporation (NYSE:NSC) rating on Thursday, October 12. Credit Suisse has “Buy” rating and $143.0 target. As per Monday, October 2, the company rating was maintained by RBC Capital Markets. Buckingham Research downgraded the shares of NSC in report on Thursday, January 28 to “Neutral” rating. Bank of America upgraded the stock to “Buy” rating in Friday, September 11 report. The stock has “Buy” rating by Credit Suisse on Thursday, July 27. The firm earned “Sector Perform” rating on Tuesday, July 28 by RBC Capital Markets.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.78 billion US Long portfolio, decreased its stake in Eaton Corp Plc (NYSE:ETN) by 40,040 shares to 883,856 shares, valued at $67.87M in 2017Q3, according to the filing. It also reduced its holding in Horace Mann Educators Corp N (NYSE:HMN) by 11,154 shares in the quarter, leaving it with 117,960 shares, and cut its stake in United Rentals Inc (NYSE:URI).

Investors sentiment decreased to 0.83 in 2017 Q3. Its down 0.04, from 0.87 in 2017Q2. It turned negative, as 44 investors sold NSC shares while 341 reduced holdings. 79 funds opened positions while 239 raised stakes. 201.79 million shares or 1.34% more from 199.13 million shares in 2017Q2 were reported. 92,534 were accumulated by Raymond James Advsrs. New Mexico Educational Retirement Board has invested 0.17% in Norfolk Southern Corporation (NYSE:NSC). The Texas-based Bridgeway Cap Mgmt Inc has invested 0.62% in Norfolk Southern Corporation (NYSE:NSC). State Bank owns 0.16% invested in Norfolk Southern Corporation (NYSE:NSC) for 4,158 shares. Meeder Asset Management holds 8,812 shares. Janney Montgomery Scott Limited has 0.06% invested in Norfolk Southern Corporation (NYSE:NSC). Clear Harbor Asset Mngmt Limited Liability Company holds 0.06% or 2,236 shares. Redmond Asset Management Limited Liability owns 0.1% invested in Norfolk Southern Corporation (NYSE:NSC) for 1,586 shares. Management Of Virginia Ltd Liability invested in 29,092 shares. First Natl Company invested 0.22% in Norfolk Southern Corporation (NYSE:NSC). Loomis Sayles & Limited Partnership holds 315,161 shares. Personal Capital Advsr Corp stated it has 0.54% in Norfolk Southern Corporation (NYSE:NSC). Brown Brothers Harriman Company invested in 0.01% or 14,313 shares. Commerce Fincl Bank holds 0.09% in Norfolk Southern Corporation (NYSE:NSC) or 51,237 shares. Moreover, Barclays Public Limited has 0.02% invested in Norfolk Southern Corporation (NYSE:NSC) for 182,463 shares.

Among 15 analysts covering RenaissanceRe (NYSE:RNR), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. RenaissanceRe had 30 analyst reports since October 14, 2015 according to SRatingsIntel. The rating was maintained by UBS on Monday, November 6 with “Neutral”. JP Morgan downgraded RenaissanceRe Holdings Ltd. (NYSE:RNR) on Friday, July 28 to “Neutral” rating. The stock of RenaissanceRe Holdings Ltd. (NYSE:RNR) has “Buy” rating given on Thursday, November 2 by Citigroup. On Monday, July 11 the stock rating was downgraded by Wood to “Market Perform”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, September 20 report. On Monday, October 2 the stock rating was maintained by UBS with “Neutral”. The firm has “Neutral” rating by Citigroup given on Tuesday, November 22. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Neutral” rating given on Tuesday, September 19 by UBS. The firm has “Hold” rating given on Tuesday, January 9 by Wells Fargo.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.27, from 1.17 in 2017Q2. It worsened, as 31 investors sold RNR shares while 105 reduced holdings. 42 funds opened positions while 80 raised stakes. 36.70 million shares or 1.16% more from 36.28 million shares in 2017Q2 were reported. Texas-based Teacher Retirement Of Texas has invested 0.03% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Mitsubishi Ufj Tru And Corporation reported 0.04% in RenaissanceRe Holdings Ltd. (NYSE:RNR). 2,500 were reported by Soros Fund Mngmt Limited. Blackrock invested 0.03% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 7,100 shares. Deutsche Bank Ag holds 70,455 shares. Retirement Sys Of Alabama owns 75,475 shares. Rockefeller Svcs reported 0.03% in RenaissanceRe Holdings Ltd. (NYSE:RNR). D E Shaw And invested 0.01% of its portfolio in RenaissanceRe Holdings Ltd. (NYSE:RNR). 5,274 are owned by Cibc Asset Mngmt. New York-based Jpmorgan Chase Co has invested 0.01% in RenaissanceRe Holdings Ltd. (NYSE:RNR). Cadence Cap Ltd Limited Liability Company holds 1,620 shares or 0.01% of its portfolio. 2,700 are held by Neville Rodie & Shaw. Fdx Advsr holds 2,057 shares or 0.01% of its portfolio. Aperio Group Inc Inc Lc owns 228,618 shares.

Since October 2, 2017, it had 0 insider purchases, and 1 sale for $674,444 activity.

Lomas Capital Management Llc, which manages about $667.52M and $500.05M US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 12,563 shares to 149,121 shares, valued at $25.75M in 2017Q3, according to the filing.

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on May, 1. They expect $2.54 EPS, up 115.25% or $1.36 from last year’s $1.18 per share. RNR’s profit will be $101.67M for 12.63 P/E if the $2.54 EPS becomes a reality. After $1.05 actual EPS reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts 141.90% EPS growth.

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