Clinton Group Has Increased Its Bb&T (BBT) Holding by $856,224; As Alleghany Del (Y) Stock Price Declined, State Of Tennessee Treasury Department Has Lifted Holding by $1.23 Million

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Clinton Group Inc increased its stake in Bb&T Corp (BBT) by 390.76% based on its latest 2018Q3 regulatory filing with the SEC. Clinton Group Inc bought 17,838 shares as the company’s stock declined 9.29% with the market. The hedge fund held 22,403 shares of the major banks company at the end of 2018Q3, valued at $1.09 million, up from 4,565 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $38.52 billion market cap company. The stock decreased 0.71% or $0.36 during the last trading session, reaching $50.46. About 6.21 million shares traded or 13.55% up from the average. BB&T Corporation (NYSE:BBT) has declined 5.23% since February 14, 2018 and is downtrending. It has underperformed by 5.23% the S&P500. Some Historical BBT News: 19/04/2018 – BB&T CORP – SEES FY 2018 REV UP 2 PCT – 4 PCT VS 2017; 19/04/2018 – BB&T 1Q Provision for Credit Losses $150M; 25/05/2018 – BB&T CORP SAYS CO MAY FROM TIME TO TIME OFFER SENIOR MEDIUM-TERM NOTES, SERIES G, AND SUBORDINATED MEDIUM-TERM NOTES, SERIES H – SEC FILING; 06/04/2018 – BB&T Insurance Holdings To Acquire Regions Insurance Group; 19/04/2018 – BB&T CORP – QTR-END RISK BASED COMMON EQUITY TIER 1 RATIO 10.2 PCT VS 10.3 PCT REPORTED LAST YEAR; 23/05/2018 – BB&T Presenting at Conference May 30; 26/04/2018 – BB&T Bond Trading 2x Average; Clients Net Sellers; 22/04/2018 – DJ BB&T Corporation, Inst Holders, 1Q 2018 (BBT); 19/04/2018 – BB&T CORP QTRLY AVERAGE LOANS AND LEASES HELD FOR INVESTMENT WERE $142.9 BLN, UP $194 MLN; 19/04/2018 – BB&T 1Q Noninterest Income $1.18B

State Of Tennessee Treasury Department increased its stake in Alleghany Corp Del (Y) by 40.23% based on its latest 2018Q3 regulatory filing with the SEC. State Of Tennessee Treasury Department bought 1,891 shares as the company’s stock declined 0.60% with the market. The institutional investor held 6,591 shares of the property-casualty insurers company at the end of 2018Q3, valued at $4.30 million, up from 4,700 at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Alleghany Corp Del for a number of months, seems to be bullish on the $9.60B market cap company. The stock increased 0.33% or $2.13 during the last trading session, reaching $647.24. About 41,121 shares traded. Alleghany Corporation (NYSE:Y) has risen 7.62% since February 14, 2018 and is uptrending. It has outperformed by 7.62% the S&P500. Some Historical Y News: 03/05/2018 – Alleghany Corp 1Q EPS $11.04; 03/05/2018 – ALLEGHANY – IN QTR,JAZWARES’ EXPENSES ROSE DUE TO INCREASED STAFF COUNT TO SUPPORT GROWTH, LIQUIDATION FILING OF TOYS R US, INCREASING INSURANCE COSTS; 03/05/2018 – ALLEGHANY CORP QTRLY NET PREMIUMS WRITTEN OF $1,253.3 MLN VS $1,233.1 MLN; 03/05/2018 – ALLEGHANY CORP QTRLY EARNINGS PER DILUTED SHARE WERE $11.04 PER SHARE; 22/03/2018 Alleghany Corp Closes Below 50-Day Moving Average: Technicals; 03/05/2018 – Alleghany Corp 1Q Adj EPS $11.24; 03/05/2018 – Alleghany Corp 1Q Net $171.6M; 03/05/2018 – ALLEGHANY CORP 1Q OPER EPS $11.24, EST. $8.310 (2 EST.); 24/04/2018 – Alleghany Corp Closes Below 200-Day Moving Average: Technicals; 03/05/2018 – ALLEGHANY – BOOK VALUE PER COMMON SHARE WAS $545.07 AS OF MARCH 31, 2018, A DECREASE OF 1.5% FROM BOOK VALUE PER COMMON SHARE AS OF DECEMBER 31, 2017

Clinton Group Inc, which manages about $2.04 billion and $279.29M US Long portfolio, decreased its stake in Packaging Corp Amer (NYSE:PKG) by 8,319 shares to 7,399 shares, valued at $812,000 in 2018Q3, according to the filing. It also reduced its holding in Eastman Chem Co (NYSE:EMN) by 6,954 shares in the quarter, leaving it with 4,755 shares, and cut its stake in Valero Energy Corp New (NYSE:VLO).

More notable recent BB&T Corporation (NYSE:BBT) news were published by: Benzinga.com which released: “Activision Blizzard, Inc (NASDAQ:ATVI), BB&T Corporation (NYSE:BBT) – Flashing Green: Global Stocks Follow U.S. Market Higher, With Cisco Reporting Later – Benzinga” on February 13, 2019, also Bizjournals.com with their article: “BB&T (NYSE: BBT)/SunTrust (NYSE: STI) merger may create real estate opportunities for new community banks in Orlando – Orlando Business Journal – Orlando Business Journal” published on February 08, 2019, Seekingalpha.com published: “BB&T Ends 2018 On A Strong Note – Seeking Alpha” on January 22, 2019. More interesting news about BB&T Corporation (NYSE:BBT) were released by: Seekingalpha.com and their article: “BB&T -1.3% as Q4 revenue misses estimate – Seeking Alpha” published on January 17, 2019 as well as Seekingalpha.com‘s news article titled: “Merger Arbitrage Mondays – February 11, 2019 – Seeking Alpha” with publication date: February 11, 2019.

Since October 31, 2018, it had 1 insider purchase, and 3 sales for $2,533 activity. $199,747 worth of stock was bought by Graney Patrick C III on Thursday, December 6. 611 shares were sold by HENRY I. PATRICIA, worth $30,245.

Among 33 analysts covering BB&T Corp (NYSE:BBT), 17 have Buy rating, 0 Sell and 16 Hold. Therefore 52% are positive. BB&T Corp had 119 analyst reports since July 17, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equalweight” rating and $40 target in Wednesday, April 6 report. Macquarie Research upgraded it to “Hold” rating and $4700 target in Friday, August 4 report. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) on Monday, December 18 with “Hold” rating. On Wednesday, December 20 the stock rating was maintained by Wells Fargo with “Hold”. As per Monday, May 16, the company rating was upgraded by Suntrust Robinson. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, August 23. The firm has “Buy” rating given on Friday, February 8 by Bank of America. The stock of BB&T Corporation (NYSE:BBT) has “Hold” rating given on Thursday, October 19 by Keefe Bruyette & Woods. BMO Capital Markets maintained it with “Hold” rating and $4800 target in Wednesday, June 28 report. The company was downgraded on Wednesday, June 29 by Sandler O’Neill.

Investors sentiment decreased to 1.05 in Q3 2018. Its down 0.05, from 1.1 in 2018Q2. It is negative, as 50 investors sold BBT shares while 288 reduced holdings. 87 funds opened positions while 268 raised stakes. 477.03 million shares or 2.36% less from 488.59 million shares in 2018Q2 were reported. Moreover, Driehaus Cap Management Lc has 0.1% invested in BB&T Corporation (NYSE:BBT). Signature has 0.06% invested in BB&T Corporation (NYSE:BBT) for 6,712 shares. 7,158 are held by Checchi Cap Advisers Ltd Co. Shamrock Asset Mgmt Ltd Liability owns 2,734 shares for 0.08% of their portfolio. Wesbanco Financial Bank Inc owns 0.72% invested in BB&T Corporation (NYSE:BBT) for 299,064 shares. Tarbox Family Office owns 198 shares. Fcg Advsr Ltd Llc, a New Jersey-based fund reported 7,896 shares. Sabal has invested 2.39% in BB&T Corporation (NYSE:BBT). Stearns Svcs Group holds 43,559 shares. Amp Investors Ltd reported 261,025 shares. Sandy Spring Bankshares accumulated 16,444 shares or 0.07% of the stock. Schmidt P J Invest Mngmt Inc reported 0.28% in BB&T Corporation (NYSE:BBT). Mufg Americas Holdings holds 23,517 shares. Blair William And Il stated it has 0.01% in BB&T Corporation (NYSE:BBT). Principal Fincl Grp Inc Inc invested in 0.05% or 1.16M shares.

Among 2 analysts covering Alleghany (NYSE:Y), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Alleghany had 3 analyst reports since June 16, 2016 according to SRatingsIntel. The stock has “Hold” rating by JMP Securities on Thursday, February 22. The firm has “Buy” rating by JMP Securities given on Monday, September 11. On Thursday, June 16 the stock rating was upgraded by Citigroup to “Buy”.

State Of Tennessee Treasury Department, which manages about $20.59B US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 33,286 shares to 689,468 shares, valued at $103.48 million in 2018Q3, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 5,162 shares in the quarter, leaving it with 368,016 shares, and cut its stake in Texas Capital Bancshares Inc (NASDAQ:TCBI).

Investors sentiment decreased to 0.82 in 2018 Q3. Its down 0.21, from 1.03 in 2018Q2. It dived, as 19 investors sold Y shares while 109 reduced holdings. 36 funds opened positions while 69 raised stakes. 11.87 million shares or 2.44% less from 12.17 million shares in 2018Q2 were reported. Shelton Mgmt reported 1,191 shares. Balyasny Asset Mgmt Lc accumulated 0.01% or 1,971 shares. Goodhaven Capital Ltd Com invested in 6,435 shares. Credit Suisse Ag reported 25,081 shares stake. New York State Common Retirement Fund owns 36,850 shares. The Ontario – Canada-based Td Asset Mgmt has invested 0.01% in Alleghany Corporation (NYSE:Y). 1,519 were reported by National Bank Of Hawaii. Suntrust Banks has invested 0.01% in Alleghany Corporation (NYSE:Y). Connecticut-based Massmutual Trust Fsb Adv has invested 0% in Alleghany Corporation (NYSE:Y). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.01% invested in Alleghany Corporation (NYSE:Y). Alabama-based Andra Ap has invested 0.16% in Alleghany Corporation (NYSE:Y). Cibc Asset Inc reported 697 shares. Alberta – Canada-based Qv Investors has invested 2.47% in Alleghany Corporation (NYSE:Y). Eaton Vance Management invested in 30,423 shares. Nordea Invest owns 21,295 shares.

More notable recent Alleghany Corporation (NYSE:Y) news were published by: Seekingalpha.com which released: “Canada Goose Holdings Q3 2019 Earnings Preview – Seeking Alpha” on February 13, 2019, also Seekingalpha.com with their article: “Antero Resources Q4 2018 Earnings Preview – Seeking Alpha” published on February 12, 2019, Prnewswire.com published: “Alleghany Corporation To Present At The Bank of America Merrill Lynch 2019 Insurance Conference – PRNewswire” on February 06, 2019. More interesting news about Alleghany Corporation (NYSE:Y) were released by: Seekingalpha.com and their article: “Covanta Q4 2018 Earnings Preview – Seeking Alpha” published on February 13, 2019 as well as Seekingalpha.com‘s news article titled: “Louisiana-Pacific Q4 2018 Earnings Preview – Seeking Alpha” with publication date: February 12, 2019.

Alleghany Corporation (NYSE:Y) Institutional Positions Chart