Atlanta Capital Management Co Boosted Its W R Berkley (WRB) Stake by $15.93 Million; Macy’s (M) Stake Maintained by General American Investors Company Inc

June 10, 2018 - By Clifton Ray

Macy's, Inc. (NYSE:M) Logo

Atlanta Capital Management Co Llc increased its stake in W R Berkley Corporation (WRB) by 4.69% based on its latest 2018Q1 regulatory filing with the SEC. Atlanta Capital Management Co Llc bought 221,277 shares as the company’s stock rose 9.47% while stock markets declined. The institutional investor held 4.94M shares of the property-casualty insurers company at the end of 2018Q1, valued at $358.86 million, up from 4.71M at the end of the previous reported quarter. Atlanta Capital Management Co Llc who had been investing in W R Berkley Corporation for a number of months, seems to be bullish on the $9.53 billion market cap company. The stock increased 0.79% or $0.61 during the last trading session, reaching $78.31. About 237,653 shares traded. W. R. Berkley Corporation (NYSE:WRB) has risen 13.74% since June 10, 2017 and is uptrending. It has outperformed by 1.17% the S&P500. Some Historical WRB News: 19/04/2018 – WR Berkley: Brian P. Douglas to Succeed Gilbert as Pres of BerkleyNet Underwriters; 19/03/2018 – A.M. Best Assigns Issue Credit Rating to W. R. Berkley Corporation’s Subordinated Debentures; 19/04/2018 – W. R. Berkley Corporation Announces Senior Executive Appointments; 04/04/2018 – Berkley One Launches in Arizona & Colorado and Adds New Travel Product; 23/04/2018 – W. R. Berkley Corporation Nominates Leigh Ann Pusey to Stand for Election as New Director; 19/04/2018 – WR Berkley: James B. Gilbert Appointed EVP Overseeign Some Operating Units; 15/05/2018 – Berkley WR Corp. Exits Position in Global Partner Acquisition; 19/03/2018 – W. R. Berkley Corporation Announces Pricing of $175 Million of 5.70% Subordinated Debentures Due 2058; 24/04/2018 – WR Berkley 1Q Rev $1.89B; 19/04/2018 – W. R. Berkley Corp Announces Senior Executive Appointments

General American Investors Company Inc increased its stake in Macy’s Inc. (M) by 150% based on its latest 2018Q1 regulatory filing with the SEC. General American Investors Company Inc bought 300,000 shares as the company’s stock rose 24.34% while stock markets declined. The institutional investor held 500,000 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $14.87 million, up from 200,000 at the end of the previous reported quarter. General American Investors Company Inc who had been investing in Macy’s Inc. for a number of months, seems to be bullish on the $12.22 billion market cap company. The stock decreased 0.82% or $0.33 during the last trading session, reaching $39.88. About 7.26 million shares traded. Macy's, Inc. (NYSE:M) has risen 46.10% since June 10, 2017 and is uptrending. It has outperformed by 33.53% the S&P500. Some Historical M News: 19/03/2018 – MACY’S INC – AN AUGMENTED REALITY FURNITURE SHOPPING EXPERIENCE WILL BE INCORPORATED INTO MACY’S APP WITH A ROLLOUT BEGINNING IN APRIL; 12/04/2018 – Moody’s Affirms Ten Classes of WFRBS 2013-C16; 19/03/2018 – TVPage Launches lnfluencer Video Affiliate Marketing at Shoptalk 2018; 18/03/2018 – Macy’s is rolling out mobile checkout to all of its department stores; 19/04/2018 – Basic Oufitters Meets Up With Macy’s Market; 05/03/2018 SF Business Tms: Exclusive: After $250 million Macy’s deal, Morgan Stanley to overhaul Union Square site; 16/05/2018 – Macy’s 1Q Adj EPS 48c; 27/04/2018 – Moody’s Affirms Eight Classes of CSAIL 2016-C6; 28/03/2018 – Splashlight Appoints Eurel Tobias as Chief Growth Officer; 11/05/2018 – Home Depot, Macy’s, Walmart and others are scheduled to report

More recent Macy's, Inc. (NYSE:M) news were published by: Seekingalpha.com which released: “Reviewing Macy’s Q1 2018 Conference Call” on May 31, 2018. Also Seekingalpha.com published the news titled: “Macy’s Shows Up The Shorts” on May 17, 2018. Seekingalpha.com‘s news article titled: “Sears Holdings: Closing Stores Proves To Be Only A Temporary Fix” with publication date: June 10, 2018 was also an interesting one.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 7 have Buy rating, 3 Sell and 21 Hold. Therefore 23% are positive. Macy’s Inc. has $139.0 highest and $20 lowest target. $44.58’s average target is 11.79% above currents $39.88 stock price. Macy’s Inc. had 113 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by Deutsche Bank on Thursday, January 5. As per Thursday, November 12, the company rating was maintained by Barclays Capital. Jefferies maintained Macy's, Inc. (NYSE:M) on Monday, July 10 with “Hold” rating. The firm earned “Hold” rating on Monday, October 16 by Jefferies. The stock of Macy's, Inc. (NYSE:M) earned “Outperform” rating by Credit Suisse on Thursday, November 12. The company was downgraded on Wednesday, October 21 by Keefe Bruyette & Woods. The rating was upgraded by Deutsche Bank to “Buy” on Monday, October 31. The stock of Macy's, Inc. (NYSE:M) earned “Neutral” rating by Citigroup on Wednesday, October 7. The firm has “Hold” rating given on Friday, August 11 by RBC Capital Markets. The company was maintained on Monday, August 7 by Wedbush.

General American Investors Company Inc, which manages about $1.05B US Long portfolio, decreased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 15,000 shares to 103,781 shares, valued at $19.56 million in 2018Q1, according to the filing. It also reduced its holding in American Express Company (NYSE:AXP) by 20,000 shares in the quarter, leaving it with 105,000 shares, and cut its stake in Now Inc. (NYSE:DNOW).

Another recent and important W. R. Berkley Corporation (NYSE:WRB) news was published by Businesswire.com which published an article titled: “AM Best Affirms Credit Ratings of WR Berkley Corporation and Its Subsidiaries” on May 24, 2018.

Atlanta Capital Management Co Llc, which manages about $16.77 billion and $19.34 billion US Long portfolio, decreased its stake in Diageo P L C (NYSE:DEO) by 3,077 shares to 307,643 shares, valued at $41.66M in 2018Q1, according to the filing. It also reduced its holding in Blackbaud Inc (NASDAQ:BLKB) by 31,299 shares in the quarter, leaving it with 4.27M shares, and cut its stake in Transunion.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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