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Kentucky Retirement Systems Increases Position in Aflac (AFL); As Third Pt Reins LTD (TPRE) Stock Declined, Macquarie Group LTD Has Lowered Holding

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Kentucky Retirement Systems increased its stake in Aflac Inc (AFL) by 67.77% based on its latest 2018Q1 regulatory filing with the SEC. Kentucky Retirement Systems bought 16,430 shares as the company’s stock declined 0.09% with the market. The institutional investor held 40,674 shares of the accident &health insurance company at the end of 2018Q1, valued at $1.78 million, up from 24,244 at the end of the previous reported quarter. Kentucky Retirement Systems who had been investing in Aflac Inc for a number of months, seems to be bullish on the $34.84B market cap company. The stock decreased 0.38% or $0.17 during the last trading session, reaching $45. About 3.16M shares traded. Aflac Incorporated (NYSE:AFL) has risen 21.38% since June 20, 2017 and is uptrending. It has outperformed by 8.81% the S&P500.

Macquarie Group Ltd decreased its stake in Third Pt Reins Ltd (TPRE) by 92.23% based on its latest 2018Q1 regulatory filing with the SEC. Macquarie Group Ltd sold 32,709 shares as the company’s stock declined 6.36% with the market. The institutional investor held 2,754 shares of the property-casualty insurers company at the end of 2018Q1, valued at $38,000, down from 35,463 at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Third Pt Reins Ltd for a number of months, seems to be less bullish one the $1.44 billion market cap company. It closed at $14.05 lastly. It is up 4.33% since June 20, 2017 and is uptrending. It has underperformed by 8.24% the S&P500. Some Historical TPRE News: 09/05/2018 – THIRD POINT REINSURANCE LTD – QTRLY NET PREMIUMS EARNED $142.5 MLN VS $138 MLN; 15/05/2018 – Third Point Buys New 1.4% Position in Wynn Resorts; 04/05/2018 – UNITED TECHNOLOGIES SAYS DISAGREES WITH SEVERAL OF ASSERTIONS CONTAINED IN THIRD POINT LETTER; 03/04/2018 – REG-Third Point Offshore: Third Point March Monthly Report; 09/05/2018 – Third Point Reinsurance 1Q Loss/Shr 26c; 15/05/2018 – THIRD POINT BOOSTED DOV, ANTM, WP, FB, LEN IN 1Q: 13F; 15/05/2018 – THIRD POINT EXITED AET, NXPI, FMC, HON, RSPP IN 1Q: 13F; 10/05/2018 – Daniel Loeb’s activist hedge fund Third Point is in talks with investment banks about launching a “blank check” company that would raise money in an IPO to pursue an acquisition; 29/03/2018 – Third Point Offshore Investors Ltd: Total Voting Rights; 10/05/2018 – THIRD POINT’S DAN LOEB COMMENTS ON EARNINGS CALL

Macquarie Group Ltd, which manages about $54.87B US Long portfolio, upped its stake in Hope Bancorp Inc by 222,381 shares to 2.19M shares, valued at $39.92M in 2018Q1, according to the filing. It also increased its holding in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 33,307 shares in the quarter, for a total of 2.39 million shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY).

Since March 20, 2018, it had 0 buys, and 1 insider sale for $1.47 million activity.

Another recent and important Third Point Reinsurance Ltd. (NYSE:TPRE) 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.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on August, 1. They expect $0.42 EPS, down 40.85% or $0.29 from last year’s $0.71 per share. TPRE’s profit will be $42.96 million for 8.36 P/E if the $0.42 EPS becomes a reality. After $-0.26 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -261.54% EPS growth.

Among 6 analysts covering Third Point Reinsurance (NYSE:TPRE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Third Point Reinsurance had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 3 by Bank of America. Compass Point maintained the stock with “Buy” rating in Wednesday, September 2 report. Keefe Bruyette & Woods maintained the shares of TPRE in report on Friday, September 8 with “Buy” rating. The firm earned “Buy” rating on Thursday, May 10 by Keefe Bruyette & Woods. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) has “Equal-Weight” rating given on Friday, November 10 by Morgan Stanley. The rating was upgraded by Wood on Friday, May 11 to “Outperform”. Keefe Bruyette & Woods maintained it with “Hold” rating and $19.0 target in Monday, December 4 report. As per Thursday, August 3, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Market Perform” rating on Thursday, October 1 by Wood. The firm has “Hold” rating given on Monday, October 16 by Keefe Bruyette & Woods.

Investors sentiment decreased to 1.34 in Q1 2018. Its down 1.92, from 3.26 in 2017Q4. It dropped, as 16 investors sold TPRE shares while 43 reduced holdings. 19 funds opened positions while 60 raised stakes. 70.59 million shares or 53.40% less from 151.48 million shares in 2017Q4 were reported. Element Capital Limited Liability Co has invested 0.01% in Third Point Reinsurance Ltd. (NYSE:TPRE). Parametric Port Lc holds 0% or 291,143 shares. Arbiter Prtn Capital Mgmt Ltd Com invested in 106,850 shares. Profund Advsr Limited Liability Com holds 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 16,970 shares. Tiaa Cref Investment Mngmt Ltd Com stated it has 0.02% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Zurcher Kantonalbank (Zurich Cantonalbank) reported 4,430 shares. Thrivent Financial For Lutherans has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Wells Fargo & Mn owns 951,485 shares. Gsa Limited Liability Partnership invested 0.02% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Prudential has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Brandywine Global Inv Mngmt Limited Co has invested 0.03% in Third Point Reinsurance Ltd. (NYSE:TPRE). Jacobs Levy Equity Mngmt Inc has 0.1% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 445,649 shares. Northern Tru, Illinois-based fund reported 1.11 million shares. Swiss Bancorp accumulated 149,700 shares. California Public Employees Retirement accumulated 13,098 shares.

Kentucky Retirement Systems, which manages about $1.17 billion US Long portfolio, decreased its stake in Gilead Sciences Inc (NASDAQ:GILD) by 12,189 shares to 68,365 shares, valued at $5.15M in 2018Q1, according to the filing. It also reduced its holding in Valero Energy Corp New (NYSE:VLO) by 4,377 shares in the quarter, leaving it with 22,607 shares, and cut its stake in Procter And Gamble Co (NYSE:PG).

Investors sentiment increased to 7.76 in 2018 Q1. Its up 6.70, from 1.06 in 2017Q4. It improved, as 56 investors sold AFL shares while 35 reduced holdings. 82 funds opened positions while 624 raised stakes. 1.00 billion shares or 291.45% more from 256.45 million shares in 2017Q4 were reported. Centurylink Com holds 0.65% of its portfolio in Aflac Incorporated (NYSE:AFL) for 41,182 shares. Zebra Cap Mgmt Limited Com, Connecticut-based fund reported 33,976 shares. Hills Bank Tru Com holds 0.11% in Aflac Incorporated (NYSE:AFL) or 8,670 shares. North Star Asset Mngmt accumulated 127,309 shares. Hartford Inv Mgmt has invested 0.14% in Aflac Incorporated (NYSE:AFL). The Connecticut-based Timber Hill Ltd Liability Corp has invested 0.04% in Aflac Incorporated (NYSE:AFL). Security Comm accumulated 8,838 shares. Moreover, Dean Associate Ltd Co has 0.69% invested in Aflac Incorporated (NYSE:AFL). Security Financial Bank Of Sioux City Iowa Ia reported 1.18% in Aflac Incorporated (NYSE:AFL). Community Commercial Bank Na holds 148 shares. Wetherby Asset Mngmt Incorporated holds 0.13% of its portfolio in Aflac Incorporated (NYSE:AFL) for 21,168 shares. Sandy Spring Bancorporation invested in 82,050 shares or 0.32% of the stock. California State Teachers Retirement System invested 0.13% of its portfolio in Aflac Incorporated (NYSE:AFL). Evercore Wealth Mngmt Lc holds 62,904 shares or 0.11% of its portfolio. Wright Service reported 21,741 shares.

Aflac Incorporated (NYSE:AFL) Institutional Positions Chart

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