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Hartford Finl Svcs Group (HIG) Valuation Declined While Benin Management Has Cut Its Stake by $2.08 Million; Applied Material (AMAT) Shareholder Hartford Investment Management Co Has Cut Its Stake by $579,666

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Hartford Investment Management Co decreased its stake in Applied Material Inc (AMAT) by 4.47% based on its latest 2017Q4 regulatory filing with the SEC. Hartford Investment Management Co sold 11,366 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 242,950 shares of the technology company at the end of 2017Q4, valued at $12.42 million, down from 254,316 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Applied Material Inc for a number of months, seems to be less bullish one the $52.02 billion market cap company. The stock decreased 8.25% or $4.45 during the last trading session, reaching $49.51. About 48.72 million shares traded or 251.81% up from the average. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 19, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Benin Management Corp decreased its stake in Hartford Finl Svcs Group Inc (HIG) by 19.51% based on its latest 2017Q4 regulatory filing with the SEC. Benin Management Corp sold 37,075 shares as the company’s stock declined 7.99% with the market. The institutional investor held 152,921 shares of the finance company at the end of 2017Q4, valued at $8.61 million, down from 189,996 at the end of the previous reported quarter. Benin Management Corp who had been investing in Hartford Finl Svcs Group Inc for a number of months, seems to be less bullish one the $19.14B market cap company. The stock increased 0.30% or $0.16 during the last trading session, reaching $53.43. About 4.18 million shares traded or 95.01% up from the average. The Hartford Financial Services Group, Inc. (NYSE:HIG) has risen 7.71% since May 19, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Hartford Investment Management Co, which manages about $5.40B US Long portfolio, upped its stake in Fnb Corp (NYSE:FNB) by 304,115 shares to 513,001 shares, valued at $7.09M in 2017Q4, according to the filing. It also increased its holding in Texas Instrument Inc (NASDAQ:TXN) by 22,990 shares in the quarter, for a total of 253,271 shares, and has risen its stake in Abm Industries Inc (NYSE:ABM).

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 25 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Applied Materials Inc. had 123 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, May 27 by Stifel Nicolaus. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, April 12. The firm has “Outperform” rating by Credit Suisse given on Friday, August 18. The firm earned “Buy” rating on Monday, July 10 by DA Davidson. The rating was maintained by Credit Suisse on Tuesday, August 9 with “Outperform”. The rating was downgraded by RBC Capital Markets on Monday, October 5 to “Underperform”. The stock of Applied Materials, Inc. (NASDAQ:AMAT) earned “Buy” rating by Needham on Monday, September 18. The firm earned “Buy” rating on Monday, August 17 by Argus Research. The rating was maintained by Bank of America with “Buy” on Wednesday, November 15. The stock has “Conviction Buy” rating by Goldman Sachs on Wednesday, February 3.

Since December 29, 2017, it had 0 insider purchases, and 4 sales for $10.41 million activity. $922,050 worth of stock was sold by Iannotti Thomas J on Thursday, March 8. The insider Nalamasu Omkaram sold $2.83 million. 4,000 shares valued at $214,680 were sold by Forrest Stephen R on Wednesday, January 3.

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Nasdaq.com which released: “Why Shares of Applied Materials, Inc. Plunged 10% Today” on May 18, 2018, also Finance.Yahoo.com with their article: “Could Micron Technology, Inc. Almost Double to $100?” published on May 18, 2018, Globenewswire.com published: “Applied Materials to Present at Upcoming Investor Conferences” on May 18, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Nasdaq.com and their article: “Applied Materials, Inc. Stock Slides on Weak Q3 Outlook” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Chip stocks slump on Applied Materials earnings, guidance” with publication date: May 18, 2018.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.20, from 1.06 in 2017Q3. It is negative, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. Two Sigma Ltd Liability Co owns 0.01% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 4,142 shares. Hanson And Doremus Mngmt invested in 200 shares. Teacher Retirement Of Texas reported 667,153 shares. Jolley Asset Ltd Liability Com, a North Carolina-based fund reported 78,329 shares. Mariner Wealth Advisors stated it has 0.02% in Applied Materials, Inc. (NASDAQ:AMAT). James Rech has 31,470 shares for 0.05% of their portfolio. Utd Cap Fincl Advisers Ltd Company owns 56,900 shares. Pitcairn Co has invested 0.13% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Geode Capital Mngmt Ltd Liability Com has 12.97 million shares for 0.22% of their portfolio. Kcm Inv Llc stated it has 0.02% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Bokf Na has invested 0.11% in Applied Materials, Inc. (NASDAQ:AMAT). Retirement System Of Alabama invested in 516,831 shares. Bridgeway Cap Management invested in 351,000 shares or 0.19% of the stock. Fcg Advsrs Ltd Llc owns 4,959 shares. 37,950 are owned by Outfitter Advsr.

Since March 5, 2018, it had 0 insider purchases, and 10 insider sales for $8.52 million activity. 11,568 shares were sold by Johnson Brion S, worth $633,348. Shares for $4.48M were sold by ELLIOT DOUGLAS G. 23,905 shares were sold by Bombara Beth Ann, worth $1.28 million on Tuesday, May 1. 2,319 shares valued at $124,925 were sold by Lewis Scott R. on Tuesday, March 6. 11,247 shares valued at $618,585 were sold by Gervasi Martha on Friday, March 9.

More recent The Hartford Financial Services Group, Inc. (NYSE:HIG) news were published by: Streetinsider.com which released: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” on May 15, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Hasbro, Realty Income, The Hartford Financial …” on May 11, 2018. Seekingalpha.com‘s news article titled: “Hartford Financial Services’ (HIG) CEO Chris Swift on Q1 2018 Results – Earnings Call Transcript” with publication date: April 27, 2018 was also an interesting one.

Among 18 analysts covering Hartford Financial (NYSE:HIG), 10 have Buy rating, 0 Sell and 8 Hold. Therefore 56% are positive. Hartford Financial had 51 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Tuesday, May 1. The company was maintained on Thursday, March 30 by Wells Fargo. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 27. The company was upgraded on Tuesday, December 19 by Credit Suisse. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Hold” rating given on Tuesday, September 1 by Zacks. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, July 27. The firm earned “Buy” rating on Friday, July 29 by M Partners. UBS maintained it with “Buy” rating and $62 target in Wednesday, November 1 report. The stock has “Buy” rating by Buckingham Research on Monday, September 11.

Applied Materials, Inc. (NASDAQ:AMAT) Institutional Positions Chart

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