Insider Trade: Stock Yards Bancorp, Inc. (SYBT)’s director Paul Bickel Made a Purchase of 38 shares; Samlyn Capital Decreased By $16.12 Million Its Hartford Finl Svcs Group (HIG) Position

June 25, 2018 - By John Hoffman

The Hartford Financial Services Group, Inc. (NYSE:HIG) Logo

Samlyn Capital Llc decreased Hartford Finl Svcs Group Inc (HIG) stake by 30.67% reported in 2018Q1 SEC filing. Samlyn Capital Llc sold 316,174 shares as Hartford Finl Svcs Group Inc (HIG)’s stock declined 2.90%. The Samlyn Capital Llc holds 714,866 shares with $36.83M value, down from 1.03 million last quarter. Hartford Finl Svcs Group Inc now has $18.51B valuation. The stock decreased 0.17% or $0.09 during the last trading session, reaching $51.69. About 383,707 shares traded. The Hartford Financial Services Group, Inc. (NYSE:HIG) has risen 6.44% since June 25, 2017 and is uptrending. It has underperformed by 6.13% the S&P500. Some Historical HIG News: 14/03/2018 – A.M. Best Assigns Issue Credit Rating to The Hartford Financial Services Group, Inc.’s Senior Unsecured Notes; 13/03/2018 – Hartford Fincl: Amendment Would Reset Minimum Consolidated Net Worth Fincl Covenant to $9B; 26/04/2018 – Hartford Financial 1Q EPS $1.64; 04/04/2018 – New Survey From The Hartford And MIT AgeLab Finds Homeowners Age 50+ Delay Home Maintenance; 09/04/2018 – The Hartford Launches Admitted Cyber Liability Policy; 14/05/2018 – York Adds Hartford Financial, Exits Qualcomm: 13F; 26/04/2018 – HARTFORD FINANCIAL 1Q CORE EPS $1.27, EST. $1.07; 09/03/2018 Hartford Financial Closes Above 200-Day Moving Average; 26/04/2018 – HARTFORD FINANCIAL SERVICES GROUP INC QTRLY EARNED PREMIUMS $3,927 MLN VS $3,438 MLN; 15/03/2018 – HARTFORD FINANCIAL SERVICES – IN PROCESS OF AMENDING, EXTENDING REVOLVING CREDIT FACILITY, WITH REDUCTION IN SIZE OF FACILITY TO $750 MLN

The stock decreased 0.88% or $0.35 during the last trading session, reaching $39.6. About 16,847 shares traded. Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has risen 6.02% since June 25, 2017 and is uptrending. It has underperformed by 6.55% the S&P500.

Stock Yards Bancorp, Inc. operates as the bank holding firm for Stock Yards Bank & Trust Company that provides commercial and personal banking services in Louisville, Indianapolis, and Cincinnati. The company has market cap of $900.18 million. The Company’s deposit products include non-interest and interest bearing demand deposits, savings deposits, certificates of deposit, money market deposits, and time deposits. It has a 23.86 P/E ratio. The companyÂ’s loan portfolio comprises commercial and industrial, construction and development, undeveloped land, real estate mortgage, and consumer loans; and originates and sells single-family residential mortgages.

Investors sentiment decreased to 1.08 in Q1 2018. Its down 0.45, from 1.53 in 2017Q4. It fall, as 12 investors sold Stock Yards Bancorp, Inc. shares while 26 reduced holdings. 10 funds opened positions while 31 raised stakes. 10.54 million shares or 0.78% less from 10.62 million shares in 2017Q4 were reported. Panagora Asset Inc has invested 0.02% in Stock Yards Bancorp, Inc. (NASDAQ:SYBT). Comerica Bank invested in 0.01% or 25,373 shares. American Rech Mgmt holds 11,750 shares. Citigroup holds 5,619 shares. Regions reported 750 shares stake. Champlain Investment Prtn Limited Liability Corporation stated it has 0.32% of its portfolio in Stock Yards Bancorp, Inc. (NASDAQ:SYBT). Fmr Llc holds 0% or 834,400 shares. Fifth Third Bancorporation holds 0% or 1,488 shares. Stone Ridge Asset Mgmt Limited Liability Corporation holds 0.02% or 10,218 shares in its portfolio. Sg Americas Secs Ltd Liability Com invested in 0% or 3,649 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) or 1,182 shares. Manufacturers Life Insur The invested 0.02% of its portfolio in Stock Yards Bancorp, Inc. (NASDAQ:SYBT). Goldman Sachs Grp Inc reported 35,657 shares or 0% of all its holdings. State Street holds 0% or 446,165 shares in its portfolio. 31,911 were reported by State Board Of Administration Of Florida Retirement.

Since January 10, 2018, it had 60 insider purchases, and 2 insider sales for $104,648 activity. The insider EDINGER CHARLES R III bought $3,379. Northern Richard bought 88 shares worth $3,379. 8,967 shares were sold by HEINTZMAN DAVID P, worth $357,366 on Friday, June 1. TASMAN NORMAN had bought 112 shares worth $4,094 on Friday, February 23. Shares for $18,332 were bought by Heitzman Donna L. $4,493 worth of stock was bought by Priebe Stephen M on Friday, April 27. Brown J McCauley bought $1,690 worth of stock.

Analysts await Stock Yards Bancorp, Inc. (NASDAQ:SYBT) to report earnings on July, 25. They expect $0.58 earnings per share, up 26.09% or $0.12 from last year’s $0.46 per share. SYBT’s profit will be $13.18M for 17.07 P/E if the $0.58 EPS becomes a reality. After $0.58 actual earnings per share reported by Stock Yards Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More news for Stock Yards Bancorp, Inc. (NASDAQ:SYBT) were recently published by: Nasdaq.com, which released: “Consolidated Research: 2018 Summary Expectations for Stock Yards, Archrock, Lantheus, Steelcase, Tableau ..” on June 22, 2018. Businesswire.com‘s article titled: “Stock Yards Bancorp Names Ja Hillebrand Chief Executive Officer as David Heintzman Transitions to the Role of ..” and published on May 29, 2018 is yet another important article.

Company insider, Paul Bickel, director of Stock Yards Bancorp Inc acquired a total of 38 shares of the company, which is based on a market stock price of $39.9 for a share. In the last month, he also obtained 580 shares worth about $22,997 USD. Currently, Mr. Paul, has 6,805 shares, which accounts for 0.03% of the Company’s market capitalization.

Samlyn Capital Llc increased Merck & Co Inc (Call) (NYSE:MRK) stake by 3.18M shares to 3.62M valued at $197.08M in 2018Q1. It also upped Tapestry Inc stake by 480,457 shares and now owns 1.45 million shares. Royal Dutch Shell Plc was raised too.

Investors sentiment decreased to 0.71 in 2018 Q1. Its down 0.03, from 0.74 in 2017Q4. It is negative, as 39 investors sold HIG shares while 222 reduced holdings. 64 funds opened positions while 122 raised stakes. 306.29 million shares or 0.13% more from 305.90 million shares in 2017Q4 were reported. Department Mb Fincl Bank N A reported 202 shares stake. Morgan Stanley holds 0.01% of its portfolio in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 880,240 shares. 9,550 were reported by Paradigm Asset Mngmt Co Ltd Company. Dekabank Deutsche Girozentrale owns 110,677 shares. M&T Comml Bank Corporation owns 27,998 shares for 0.01% of their portfolio. Alliancebernstein LP holds 0.02% or 599,542 shares. Wetherby Asset Mgmt owns 0.05% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 6,756 shares. Retirement Sys Of Alabama has invested 0.1% in The Hartford Financial Services Group, Inc. (NYSE:HIG). Oak Assocs Ltd Oh holds 6,950 shares or 0.02% of its portfolio. Cleararc Capital owns 9,144 shares. Commonwealth National Bank Of Aus holds 0.04% or 74,233 shares in its portfolio. 80,590 were accumulated by Mufg Americas Holdg Corp. Commerzbank Aktiengesellschaft Fi reported 7,680 shares. Moreover, Sei Invests has 0.03% invested in The Hartford Financial Services Group, Inc. (NYSE:HIG) for 166,388 shares. State Of New Jersey Common Pension Fund D reported 172,000 shares.

Another recent and important The Hartford Financial Services Group, Inc. (NYSE:HIG) news was published by Streetinsider.com which published an article titled: “Goldman Sachs Reinstates Hartford Financial Services (HIG) at Neutral” on June 18, 2018.

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. Citigroup maintained the stock with “Neutral” rating in Tuesday, May 1 report. The company was maintained on Monday, December 4 by Keefe Bruyette & Woods. The stock of The Hartford Financial Services Group, Inc. (NYSE:HIG) has “Buy” rating given on Thursday, November 2 by Keefe Bruyette & Woods. The rating was maintained by M Partners on Tuesday, July 28 with “Buy”. The firm has “Hold” rating given on Thursday, March 30 by Wells Fargo. On Monday, November 28 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The firm has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. Credit Suisse downgraded the shares of HIG in report on Friday, January 6 to “Neutral” rating. Mizuho maintained The Hartford Financial Services Group, Inc. (NYSE:HIG) on Thursday, August 11 with “Buy” rating. Atlantic Securities downgraded the shares of HIG in report on Wednesday, August 10 to “Neutral” rating.

Analysts await The Hartford Financial Services Group, Inc. (NYSE:HIG) to report earnings on July, 26. They expect $1.02 EPS, down 1.92% or $0.02 from last year’s $1.04 per share. HIG’s profit will be $365.30M for 12.67 P/E if the $1.02 EPS becomes a reality. After $1.27 actual EPS reported by The Hartford Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts -19.69% negative EPS growth.

The Hartford Financial Services Group, Inc. (NYSE:HIG) Institutional Positions Chart