As Renaissancere Holdings LTD (RNR) Shares Declined, Lomas Capital Management Cut Stake by $12.09 Million; Toll Brothers (TOL) Holder Cannell Peter B & Company Lowered Its Holding by $16.29 Million as Market Valuation Declined

June 29, 2018 - By Dolores Ford

Toll Brothers, Inc. (NYSE:TOL) Logo

Daniel Lascano decreased its stake in Renaissancere Holdings Ltd (RNR) by 80.19% based on its latest 2018Q1 regulatory filing with the SEC. Lomas Capital Management Llc sold 87,611 shares as the company’s stock declined 4.26% with the market. The hedge fund run by Daniel Lascano held 21,646 shares of the property-casualty insurers company at the end of 2018Q1, valued at $3.00M, down from 109,257 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 $4.89 billion market cap company. The stock increased 1.24% or $1.49 during the last trading session, reaching $121.44. About 49,033 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has declined 11.43% since June 29, 2017 and is downtrending. It has underperformed by 24.00% the S&P500. Some Historical RNR News: 27/03/2018 – RENAISSANCERE TERMINATED LETTER OF CREDIT AGREEMENT; 01/05/2018 – RenaissanceRe 1Q Adj EPS $3.40

J. Carlo Cannell decreased its stake in Toll Brothers Inc (TOL) by 70.71% based on its latest 2018Q1 regulatory filing with the SEC. Cannell Peter B & Company Inc sold 378,910 shares as the company’s stock declined 14.22% with the market. The hedge fund run by J. Carlo Cannell held 156,935 shares of the homebuilding company at the end of 2018Q1, valued at $6.79 million, down from 535,845 at the end of the previous reported quarter. Cannell Peter B & Company Inc who had been investing in Toll Brothers Inc for a number of months, seems to be less bullish one the $5.63 billion market cap company. The stock increased 1.70% or $0.62 during the last trading session, reaching $37.08. About 746,696 shares traded. Toll Brothers, Inc. (NYSE:TOL) has risen 8.20% since June 29, 2017 and is uptrending. It has underperformed by 4.37% the S&P500. Some Historical TOL News: 23/05/2018 – STARR CAPITAL GETS LIMITED INJUNCTION VS TOLL BROTHERS IN SUIT; 23/05/2018 – Cushing Village Partner Granted Limited lnjunction Against Toll Brothers in Lawsuit; 08/03/2018 Glancy Prongay & Murray LLP Commences Investigation on Behalf of Toll Brothers, Inc. (TOL) Investors; 16/05/2018 – Toll Brothers CDS Widens 16 Bps, Most in 13 Months; 04/04/2018 – Lennar raises home sales forecast ahead of spring selling season; 22/05/2018 – Toll Brothers Reports FY 2018 2nd Qtr Results; 21/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Kohl’s tries to prove Credit Suisse wrong; 22/05/2018 – Toll Brothers 2Q Net $118M; 13/03/2018 – Wendell E. Pritchett Elected to Toll Brothers’ Board of Directors; 23/05/2018 – Cushing Village Partner Granted Limited Injunction Against Toll Brothers in Lawsuit

Analysts await Toll Brothers, Inc. (NYSE:TOL) to report earnings on August, 28. They expect $1.05 earnings per share, up 20.69% or $0.18 from last year’s $0.87 per share. TOL’s profit will be $159.45M for 8.83 P/E if the $1.05 EPS becomes a reality. After $0.79 actual earnings per share reported by Toll Brothers, Inc. for the previous quarter, Wall Street now forecasts 32.91% EPS growth.

Among 30 analysts covering Toll Brothers (NYSE:TOL), 14 have Buy rating, 1 Sell and 15 Hold. Therefore 47% are positive. Toll Brothers had 85 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 31 with “Hold”. The rating was downgraded by KeyBanc Capital Markets on Wednesday, December 6 to “Sector Weight”. Wells Fargo initiated Toll Brothers, Inc. (NYSE:TOL) on Thursday, September 29 with “Outperform” rating. The stock of Toll Brothers, Inc. (NYSE:TOL) has “Hold” rating given on Tuesday, August 22 by KeyBanc Capital Markets. On Tuesday, May 23 the stock rating was maintained by RBC Capital Markets with “Buy”. Raymond James upgraded the stock to “Strong Buy” rating in Monday, January 25 report. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 24 report. On Wednesday, February 28 the stock rating was maintained by Mizuho with “Buy”. The rating was initiated by Citigroup with “Hold” on Tuesday, June 19. Mizuho maintained the shares of TOL in report on Thursday, May 25 with “Buy” rating.

More news for Toll Brothers, Inc. (NYSE:TOL) were recently published by: Nasdaq.com, which released: “3 Ways To Profit From The Dodd-Frank Reform” on June 27, 2018. Seekingalpha.com‘s article titled: “3 Questions Investors Should Ask When Lennar Corporation Reports Earnings” and published on June 25, 2018 is yet another important article.

Since January 5, 2018, it had 0 insider purchases, and 5 selling transactions for $3.20 million activity. $231,681 worth of Toll Brothers, Inc. (NYSE:TOL) was sold by SICREE JOSEPH R on Monday, January 8. MARBACH CARL B sold $1.01 million worth of Toll Brothers, Inc. (NYSE:TOL) on Friday, January 5. GARVEY CHRISTINE had sold 16,000 shares worth $813,102. Connor Martin P. sold $621,907 worth of stock.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.32, from 1.2 in 2017Q4. It dived, as 59 investors sold TOL shares while 131 reduced holdings. 56 funds opened positions while 111 raised stakes. 124.53 million shares or 2.77% less from 128.07 million shares in 2017Q4 were reported. Ajo Ltd Partnership has 0.38% invested in Toll Brothers, Inc. (NYSE:TOL). Elk Creek Ptnrs Lc holds 109,438 shares or 0.28% of its portfolio. 453 are owned by Wealthtrust. Geode Cap Ltd Liability Com stated it has 0.03% in Toll Brothers, Inc. (NYSE:TOL). Illinois-based Lsv Asset Mgmt has invested 0.03% in Toll Brothers, Inc. (NYSE:TOL). Sei Invs reported 34,362 shares stake. Tcw Grp Inc Inc has 0.2% invested in Toll Brothers, Inc. (NYSE:TOL). Comm Savings Bank invested in 35,920 shares or 0.02% of the stock. Element Mngmt Limited stated it has 0.02% in Toll Brothers, Inc. (NYSE:TOL). Wedge Capital L Ltd Partnership Nc has invested 0.48% in Toll Brothers, Inc. (NYSE:TOL). Peak6 Invests LP holds 0% of its portfolio in Toll Brothers, Inc. (NYSE:TOL) for 11,611 shares. Moreover, Sirios Capital Mgmt Limited Partnership has 1.16% invested in Toll Brothers, Inc. (NYSE:TOL) for 546,076 shares. 58,060 were accumulated by Blair William & Il. Moreover, Pggm Investments has 0.17% invested in Toll Brothers, Inc. (NYSE:TOL). Rbf Cap has invested 0.62% of its portfolio in Toll Brothers, Inc. (NYSE:TOL).

Cannell Peter B & Company Inc, which manages about $3.77B and $2.66B US Long portfolio, upped its stake in Black Knight Inc by 67,237 shares to 1.11 million shares, valued at $52.34M in 2018Q1, according to the filing. It also increased its holding in Zimmer Biomet Holdings Inc (ZMH) by 18,700 shares in the quarter, for a total of 432,179 shares, and has risen its stake in Celgene Corp (NASDAQ:CELG).

More recent RenaissanceRe Holdings Ltd. (NYSE:RNR) news were published by: Seekingalpha.com which released: “RenaissanceRe Holdings: This 5.75% Preferred Stock Has Begun Trading On The NYSE” on June 23, 2018. Also Businesswire.com published the news titled: “RenaissanceRe Celebrates 25” on June 14, 2018. Businesswire.com‘s news article titled: “RenaissanceRe Announces $250 Million Public Offering of Depositary Shares Representing 5.75% Series F …” with publication date: June 11, 2018 was also an interesting one.

Analysts await RenaissanceRe Holdings Ltd. (NYSE:RNR) to report earnings on July, 24. They expect $2.50 earnings per share, down 10.39% or $0.29 from last year’s $2.79 per share. RNR’s profit will be $100.61 million for 12.14 P/E if the $2.50 EPS becomes a reality. After $3.40 actual earnings per share reported by RenaissanceRe Holdings Ltd. for the previous quarter, Wall Street now forecasts -26.47% negative EPS growth.

Since May 29, 2018, it had 0 insider buys, and 1 sale for $289,853 activity.

Lomas Capital Management Llc, which manages about $667.52 million and $617.35 million US Long portfolio, upped its stake in Praxair Inc (NYSE:PX) by 60,000 shares to 245,106 shares, valued at $35.37 million in 2018Q1, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 34,053 shares in the quarter, for a total of 177,851 shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY).

Toll Brothers, Inc. (NYSE:TOL) Institutional Positions Chart

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