Sompo Japan Nipponkoa Asset Management CO. LTD. Buys New Holdings in Express Scripts Holding Company (ESRX)

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Express Scripts Holding Company (NASDAQ:ESRX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 173,117 shares of the company’s stock, valued at approximately $10,962,000. Express Scripts comprises approximately 1.7% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also recently modified their holdings of ESRX. Dodge & Cox raised its holdings in Express Scripts by 25.7% in the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after buying an additional 7,388,021 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Express Scripts in the second quarter worth approximately $181,234,000. Baupost Group LLC MA bought a new stake in shares of Express Scripts in the first quarter worth approximately $80,978,000. Northern Trust Corp grew its stake in shares of Express Scripts by 12.2% in the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after acquiring an additional 1,206,980 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Express Scripts by 23.5% in the third quarter. Ameriprise Financial Inc. now owns 5,233,327 shares of the company’s stock worth $331,374,000 after acquiring an additional 996,816 shares during the period. 88.44% of the stock is owned by institutional investors and hedge funds.

ESRX has been the subject of a number of research analyst reports. Jefferies Group set a $72.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Mizuho set a $67.00 price target on shares of Express Scripts and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada initiated coverage on shares of Express Scripts in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $68.00 price target for the company. UBS lowered shares of Express Scripts from a “market perform” rating to an “underperform” rating in a research note on Monday, October 9th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Express Scripts in a research note on Monday, October 9th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.34.

In other Express Scripts news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $63.13, for a total transaction of $36,489.14. Following the completion of the transaction, the vice president now owns 10,530 shares of the company’s stock, valued at $664,758.90. The disclosure for this sale can be found here. Insiders have sold 5,121 shares of company stock valued at $325,920 over the last 90 days. 0.68% of the stock is currently owned by company insiders.

Shares of Express Scripts Holding Company (ESRX) opened at $64.41 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $36,480.09, a P/E ratio of 9.42, a P/E/G ratio of 0.95 and a beta of 0.88. Express Scripts Holding Company has a 12-month low of $55.80 and a 12-month high of $77.25.

Express Scripts (NASDAQ:ESRX) last announced its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.90. The company had revenue of $24.68 billion during the quarter, compared to analyst estimates of $25.68 billion. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 earnings per share. equities analysts predict that Express Scripts Holding Company will post 7.01 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/04/sompo-japan-nipponkoa-asset-management-co-ltd-buys-new-holdings-in-express-scripts-holding-company-esrx.html.

About Express Scripts

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

Want to see what other hedge funds are holding ESRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express Scripts Holding Company (NASDAQ:ESRX).

Institutional Ownership by Quarter for Express Scripts (NASDAQ:ESRX)

What are top analysts saying about Express Scripts Holding Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Express Scripts Holding Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit