Pax World Management Has Upped Its White Mountains Insurance Group LTD (WTM) Stake by $2.67 Million; Share Value Declined; Johnson & Johnson (JNJ) Stock Rose While Ct Mason Increased Position by $1.28 Million

February 15, 2018 - By Adrian Erickson

Ct Mason increased its stake in Johnson & Johnson (JNJ) by 25.92% based on its latest 2017Q3 regulatory filing with the SEC. Ct Mason bought 9,883 shares as the company’s stock rose 6.85% with the market. The institutional investor held 48,005 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $6.24M, up from 38,122 at the end of the previous reported quarter. Ct Mason who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $348.16 billion market cap company. The stock decreased 0.06% or $0.075 during the last trading session, reaching $129.595. About 1.27 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 15, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Pax World Management Llc increased its stake in White Mountains Insurance Group Ltd. (WTM) by 9.92% based on its latest 2017Q3 regulatory filing with the SEC. Pax World Management Llc bought 3,124 shares as the company’s stock declined 5.46% while stock markets rallied. The institutional investor held 34,629 shares of the finance company at the end of 2017Q3, valued at $29.68M, up from 31,505 at the end of the previous reported quarter. Pax World Management Llc who had been investing in White Mountains Insurance Group Ltd. for a number of months, seems to be bullish on the $3.08 billion market cap company. The stock increased 1.10% or $8.98 during the last trading session, reaching $822.42. About 8,104 shares traded. White Mountains Insurance Group, Ltd. (NYSE:WTM) has risen 4.33% since February 15, 2017 and is uptrending. It has underperformed by 12.37% the S&P500.

Pax World Management Llc, which manages about $3.21 billion and $1.75B US Long portfolio, decreased its stake in Expeditors Intl. Of Washington Inc. (NASDAQ:EXPD) by 7,000 shares to 23,575 shares, valued at $1.41M in 2017Q3, according to the filing. It also reduced its holding in Investors Bancorp Inc. (NASDAQ:ISBC) by 100,000 shares in the quarter, leaving it with 2.45M shares, and cut its stake in Emcor Group Inc. (NYSE:EME).

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.17, from 0.87 in 2017Q2. It improved, as 19 investors sold WTM shares while 53 reduced holdings. 18 funds opened positions while 57 raised stakes. 3.02 million shares or 19.48% less from 3.76 million shares in 2017Q2 were reported. 365 were accumulated by Bnp Paribas Arbitrage Sa. 26 are held by Advisory Ser Network Limited Company. Barclays Public Lc reported 3,030 shares. Bancorp Of Montreal Can has 0% invested in White Mountains Insurance Group, Ltd. (NYSE:WTM) for 1,042 shares. Neuberger Berman Grp Lc invested in 1,347 shares or 0% of the stock. Envestnet Asset Incorporated accumulated 801 shares or 0% of the stock. Tudor Invest Corporation Et Al holds 549 shares. Lazard Asset Management Limited Liability Corporation has invested 0% of its portfolio in White Mountains Insurance Group, Ltd. (NYSE:WTM). Deutsche Retail Bank Ag invested in 3,484 shares. Martingale Asset LP has 15,804 shares. Moreover, Keybank National Association Oh has 0% invested in White Mountains Insurance Group, Ltd. (NYSE:WTM) for 956 shares. Eagle Asset Mgmt Incorporated holds 0.08% or 17,015 shares in its portfolio. Metropolitan Life Insur has invested 0% in White Mountains Insurance Group, Ltd. (NYSE:WTM). Soros Fund Llc, a New York-based fund reported 400 shares. Stifel reported 3,392 shares.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Advsr Asset Mngmt Incorporated stated it has 0.4% in Johnson & Johnson (NYSE:JNJ). Bankshares Of Stockton invested in 0.66% or 11,194 shares. Truepoint Inc reported 201,922 shares. Principal Fincl Grp stated it has 6.00 million shares or 0.76% of all its holdings. Lpl Ltd Liability Co stated it has 795,764 shares. Canal Insurance holds 50,000 shares or 2.27% of its portfolio. Buckingham Asset Ltd owns 40,610 shares or 1.26% of their US portfolio. Lincoln Cap Ltd Limited Liability Company has invested 2.62% of its portfolio in Johnson & Johnson (NYSE:JNJ). Rbo Com Limited Com invested in 7.46% or 220,238 shares. 9,333 are owned by Annex Advisory Serv Ltd Liability Company. Northeast Inv Mngmt reported 2.91% stake. State Farm Mutual Automobile invested in 37.88M shares or 6.6% of the stock. Somerville Kurt F has 4.2% invested in Johnson & Johnson (NYSE:JNJ). Mycio Wealth Prtn Lc owns 35,892 shares. Wendell David has 116,489 shares.

Ct Mason, which manages about $311.59 million and $275.34M US Long portfolio, decreased its stake in Kimberly (NYSE:KMB) by 8,073 shares to 19,720 shares, valued at $2.32M in 2017Q3, according to the filing. It also reduced its holding in Procter & Gamble Co. (NYSE:PG) by 5,750 shares in the quarter, leaving it with 14,800 shares, and cut its stake in Scripps Networks Interactive (NYSE:SNI).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Tuesday, September 13. The firm has “Buy” rating given on Wednesday, October 18 by Argus Research. The company was maintained on Monday, July 10 by RBC Capital Markets. Barclays Capital maintained the shares of JNJ in report on Wednesday, April 20 with “Overweight” rating. As per Monday, July 10, the company rating was maintained by BMO Capital Markets. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by BMO Capital Markets on Tuesday, July 18. As per Thursday, October 19, the company rating was maintained by Credit Suisse. BTIG Research maintained the shares of JNJ in report on Wednesday, August 2 with “Sell” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 29. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Jefferies on Friday, June 16.

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