Old Mutual Cuts Stake In OM Asset Management To 5.5% (ALLISS)

Neuberger Berman Group LLC now owns 2,956,298 shares of the asset manager's stock worth $43,931,000 after purchasing an additional 502,805 shares during the period. Tiaa Cref Inv Mgmt Lc invested 0.01% of its portfolio in OM Asset Management PLC (NYSE:OMAM). Nwq Investment Mngmt Communications Limited Liability Com reported 2.17M shares. Federated Invsts Pa reported 1.31M shares or 0.06% of all its holdings.

XL Group PLC (NYSE:XL) traded up 0.64% on Friday, reaching $36.10.

Old Mutual PLC has sold more shares in the Old Mutual Asset Management business. State Street stated it has 1.21M shares or 0% of all its holdings. The asset manager reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. William Blair Investment Management LLC now owns 3,393,659 shares of the asset manager's stock worth $50,430,000 after purchasing an additional 155,366 shares during the period. Douglass Winthrop Ltd Liability Company invested in 0.39% or 236,070 shares. Northern Trust invested 0% of its portfolio in OM Asset Management PLC (NYSE:OMAM).

Since May 19, 2017, it had 0 insider purchases, and 1 sale for $324.47 million activity.

New India Assurance lists at 6.4% discount to issue price
The overall market sentiment was also weak with the benchmark Sensex declining 281 points, or 0.84%, to close at 33,033.56. The scrip was trading 8.60 per cent lower at Rs 731.20 over its issue price around 1.20 pm (IST).

The stock of OM Asset Management PLC (NYSE:OMAM) hit a new 52-week high and has $16.84 target or 5.00 % above today's $16.04 share price. The 1-year high was reported on Nov, 11 by Barchart.com. Finally, Janney Montgomery Scott lowered XL Group PLC from a "buy" rating to a "neutral" rating in a research note on Monday, September 12th. About 376,508 shares traded. It has underperformed by 11.88% the S&P500. Therefore 67% are positive.

In other OM Asset Management PLC news, Director Robert J. Chersi bought 7,500 shares of the firm's stock in a transaction that occurred on Thursday, August 17th. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 3 with "Buy". On a consensus basis, analysts have given a recommendation of 1.90 on company shares. United Kingdom-based Barclays Public Ltd Limited Liability Company has invested 0% in OM Asset Management PLC (NYSE:OMAM). The firm earned "Buy" rating on Tuesday, February 16 by Deutsche Bank. OM Asset Management PLC now has an average rating of "Buy" and an average price target of $18.08. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $17.50 price target on shares of OM Asset Management PLC in a research note on Tuesday, September 5th. The company was downgraded on Tuesday, December 15 by Citigroup. Checchi Capital Advisers LLC now owns 3,045 shares of the company's stock valued at $101,000 after buying an additional 33 shares in the last quarter. Liberum Capital maintained Taylor Wimpey plc (LON:TW) on Friday, June 9 with "Hold" rating. On Wednesday, July 5 the stock rating was maintained by Keefe Bruyette & Woods with "Buy". OM Asset Management plc (NYSE:OMAM)'s EPS growth this year is -21.70% and the trailing 12-month EPS is $0.65. RBC Capital Markets initiated OM Asset Management PLC (NYSE:OMAM) on Friday, June 30 with "Outperform" rating.

OM Asset Management plc is a global, diversified, multi-boutique asset management company. The company has market cap of $1.82 billion. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. It has a 11.74 P/E ratio. The Company's Insurance segment is organized into four product divisions: Global Casualty (Casualty); Global Energy Property, & Construction (EPC); Global Professional (Professional), and Global Specialty (Specialty).

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