Investec Asset Management LTD Has Cut Enbridge (ENB) Stake; National Security Group Has 3 Sentiment

August 12, 2018 - By Vernon Prom

Enbridge Inc. (NYSE:ENB) Logo

National Security Group Inc (NSEC) investors sentiment increased to 3 in 2018 Q1. It’s up 2.25, from 0.75 in 2017Q4. The ratio is positive, as 3 hedge funds opened new and increased holdings, while 1 sold and reduced their equity positions in National Security Group Inc. The hedge funds in our database now own: 59,777 shares, up from 58,396 shares in 2017Q4. Also, the number of hedge funds holding National Security Group Inc in top ten holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 0 Increased: 1 New Position: 2.

Investec Asset Management Ltd decreased Enbridge Inc (ENB) stake by 71.52% reported in 2018Q1 SEC filing. Investec Asset Management Ltd sold 761,364 shares as Enbridge Inc (ENB)’s stock declined 7.90%. The Investec Asset Management Ltd holds 303,235 shares with $9.53M value, down from 1.06M last quarter. Enbridge Inc now has $61.48 billion valuation. The stock decreased 0.86% or $0.31 during the last trading session, reaching $35.88. About 3.02M shares traded. Enbridge Inc. (NYSE:ENB) has declined 20.51% since August 12, 2017 and is downtrending. It has underperformed by 33.08% the S&P500. Some Historical ENB News: 17/05/2018 – S&PGRBulletin: Enbridge Rtgs Not Afctd By Corp. Simplification; 09/05/2018 – ENBRIDGE CEO SAYS HAS NOT RECEIVED FORMAL BIDS FOR CANADIAN MIDSTREAM ASSETS, WILL NOT COMMENT ON INDICATIONS OF INTEREST; 07/03/2018 – ENBRIDGE REPORTS EXPIRATION OF NOTES TENDER OFFER BY SPECTRA; 23/04/2018 – MPR News: BREAKING: Judge recommends Minnesota regulators approve contentious Line 3 oil pipeline, but not along Enbridge’s; 25/04/2018 – ENBRIDGE INC ENB.TO – COMPLETES INITIAL ASSESSMENT OF RECOMMENDATIONS OF MINNESOTA ADMINISTRATIVE LAW JUDGE ON LINE 3 REPLACEMENT PROJECT; 09/05/2018 – ENBRIDGE INCOME FUND HOLDINGS INC – AFFILIATES OF ENBRIDGE INCOME FUND HAVE ENTERED INTO AGREEMENTS WITH CPPIB; 18/05/2018 – Enbridge Income Fund Gets Non-Binding Acquisition Offer From Enbridge Inc; 09/05/2018 – CPPIB SIGNS PACTS TO BUY 49% OF ENBRIDGE’S INTERESTS IN SELECT; 18/05/2018 – Enbridge Energy Management, L.L.C. Acknowledges Enbridge Inc. Offer and Establishes a Special Committee; 18/05/2018 – Spectra Energy Partners, LP Acknowledges Enbridge Inc. Offer and Establishes a Conflicts Committee

Among 4 analysts covering Enbridge Inc Common Stock (NYSE:ENB), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Enbridge Inc Common Stock had 5 analyst reports since March 23, 2018 according to SRatingsIntel. The stock of Enbridge Inc. (NYSE:ENB) has “Buy” rating given on Tuesday, May 22 by IBC. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) rating on Friday, July 13. Morgan Stanley has “Equal-Weight” rating and $37 target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, March 23 report. As per Thursday, June 14, the company rating was maintained by BMO Capital Markets.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Fool.ca which released: “BCE Inc. (TSX:BCE) vs. Enbridge Inc. (TSX:ENB): Which Dividend Stock Should You Stash in Your TFSA?” on August 12, 2018, also Seekingalpha.com with their article: “Enbridge (ENB) Q2 2018 Results – Earnings Call Transcript” published on August 03, 2018, Fool.com published: “Spectra Energy Partners’ Quiet Quarter Says a Lot About the Pending Enbridge Merger” on August 06, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Canadian Utilities – New Buy” published on August 09, 2018 as well as Fool.ca‘s news article titled: “This Is the Best Strategy to Rearrange Your TFSA for the Bear Market to Come” with publication date: August 11, 2018.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on November, 1. They expect $0.37 earnings per share, down 5.13% or $0.02 from last year’s $0.39 per share. ENB’s profit will be $633.95M for 24.24 P/E if the $0.37 EPS becomes a reality. After $0.62 actual earnings per share reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -40.32% negative EPS growth.

Investec Asset Management Ltd increased Pra Health Sciences Inc stake by 30,544 shares to 49,821 valued at $4.13M in 2018Q1. It also upped Anheuser (NYSE:BUD) stake by 28,900 shares and now owns 988,291 shares. Teck Resources Ltd (NYSE:TCK) was raised too.

Bank Of America Corp De holds 0% of its portfolio in The National Security Group, Inc. for 61 shares. Blackrock Inc. owns 535 shares or 0% of their US portfolio. Moreover, Dimensional Fund Advisors Lp has 0% invested in the company for 52,639 shares. The Georgia-based Earnest Partners Llc has invested 0% in the stock. Regions Financial Corp, a Alabama-based fund reported 3,131 shares.

It closed at $16.2 lastly. It is down 9.30% since August 12, 2017 and is downtrending. It has underperformed by 21.87% the S&P500. Some Historical NSEC News: 14/05/2018 – National Security Group 1Q EPS 19c; 12/04/2018 A.M. Best Affirms Credit Ratings of The National Security Group, Inc. and Its Subsidiaries; Revises Outlooks to Positive for; 14/05/2018 – The National Security Group, Inc. Releases Financial Results; 14/05/2018 – NATIONAL SECURITY GROUP INC NSEC.O QUARTERLY SHR $0.19; 21/05/2018 – Gregory Husisian, chair of the international trade & national security group at Foley & Lardner, expects agriculture products on a list of 106 U.S. goods targeted by Beijing will be the Trump administration’s focus in negotiating details on trade with China; 13/04/2018 – The National Security Group, Inc. Declares Cash Dividend; 21/04/2018 – DJ National Security Group Inc, Inst Holders, 1Q 2018 (NSEC)

The National Security Group, Inc., an insurance holding company, provides property, casualty, life, accident, and health insurance services and products in the United States. The company has market cap of $40.86 million. The firm operates through two divisions, Property and Casualty Insurance, and Life Insurance. It currently has negative earnings. The Company’s Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

The National Security Group, Inc. (NASDAQ:NSEC) Institutional Positions Chart

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