-- Clive Bellows, Co-President, Asset Servicing, on April 24, 2026, sold 2,800 shares in Northern Trust (NTRS) for $462,056. Following the Form 4 filing with the SEC, Bellows has control over a total of 28,217 common shares of the company, with 28,217 shares held directly.
SEC Filing:
https://www.sec.gov/Archives/edgar/data/73124/000202722426000009/xslF345X05/wk-form4_1777407457.xml
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BXP reported Q1 revenue of $872M, up 0.8% Y/Y and $18M ahead of consensus expectations, though declining 0.6% Q/Q reflecting sequential softness. The company signed 68 leases totaling 1.1M square feet with a weighted-average lease term of 8.7 years, representing a significant 39% decline Q/Q in leasing activity volume. Leasing fundamentals remained challenging with second-generation leasing showing negative rental spreads as gross rents declined 1.9% and net rents fell 3.2% during the quarter. We view the persistent negative rental spreads and weak Q/Q leasing growth as concerning indicators for near-term operational performance. In our view, the significant decline in leasing activity, coupled with continued rent compression, suggests ongoing headwinds in BXP's core office markets. We believe the company faces continued pressure from challenging market dynamics that are likely to persist in the near term, despite the modest revenue beat this quarter.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:VLTO delivered a Q1 EPS beat of $1.07 vs consensus of $1.01 (up 12.6% Y/Y), with core sales advancing 2% due to Water Quality's 4% growth offsetting Product Quality's 1% decline. Adjusted operating margins expanded 10 bps to 25.1%, reflecting operational leverage despite mixed segment performance. The company deployed approximately $1B in capital, including $620M for strategic acquisitions of In-Situ and GlobalVision and $300M in share repurchases representing 1.3% of outstanding shares. Management raised full-year adjusted EPS guidance to $4.20-$4.28 from prior $4.10-$4.20 range as the core sales outlook strengthens. VLTO initiated a cost optimization program targeting $65M-$75M in annual savings by 2028, while robust FCF of $170M rose 19.7%. We believe the enhanced FCF conversion guidance of ~100% of GAAP net earnings underscores balance sheet flexibility to pursue additional strategic opportunities while delivering shareholder returns.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RNR posted Q1 operating EPS of $13.75 versus an operating loss of $1.49 a year ago, significantly beating our $7.54 estimate and the $11.22 consensus on improved underwriting profitability. Operating revenues declined 17% to $2.6B, lagging our forecast, primarily reflecting a nearly 20% drop in earned premiums. Underwriting results improved significantly with Q1 underwriting profit of $588.8M versus a $770.6M loss, and the combined ratio improved to 73.0% from 128.3%. Management noted the firm continues to "shape the underwriting portfolio to deliver superior returns" by deploying additional limit into property catastrophe business. Net written premiums declined over 22% in Q1 to under $2.7B. RNR repurchased $352.5M of shares in Q1 and $1.6B in 2025, reducing share count by 12.8%. Tangible book value grew to $263.58/share from $206.79 a year ago. At current levels, shares trade at about 1.2x tangible book value, in line with the peer group average range of 0.8x-1.4x.