Reinsurance Group of America Inc (NYSE:RGA).
Raymond James & Associates reports that it bought 431 shares during the last quarter increasing its stake in Reinsurance Group of America Inc (RGA) by 0.5%. Its stake was valued at $13,261,000 an increase of $1,114,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (RGA). First Mercantile Trust Co added to its position by buying 140 shares an increase of 4.9% as of 09/30/2017. First Mercantile Trust Co currently owns 2,970 shares valued at $414,000. The total value of its holdings increased 14.0%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its stake by buying 10 shares an increase of 0.1% from 06/30/2017 to 09/30/2017. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 9,408 shares with a value of $1,313,000. The value of the position overall is up by 8.8%.
As of the end of the quarter Tredje Ap-fonden had disposed of a total of 3,560 shares trimming its holdings by 19.6%. The value in dollars decreased from $2,329,000 to $2,034,000 a change of $295,000 since the last quarter.
Royal Bank Of Canada raised the price target on October 30 changing the forecast from $0.00 to $0.00 with a “Market Perform” recommendation. On October 27, 2017 Royal Bank Of Canada released research on RGA with a rating of “Hold” and a price target of $145.00.
October 26 investment analysts at Wells Fargo & Company kept the company rating at “Hold” with a current price target of $131.00. Equity analyst Goldman Sachs Group, Inc. (The) updated its forecast on RGA by announcing an initial rating of “Buy”.
On October 10 Royal Bank Of Canada left the stock rating at “Hold” projecting a price of $134.00. August 3 investment analysts at Keefe, Bruyette & Woods left the company rating at “Hold” targeting a price of $137.00.
The company is trading up by 0.09% since yesterday’s close of 149.73. The company currently has a P/E ratio of 12.34 and the market value is 9.65B. As of the latest earnings report the EPS was $12.14 with 64.40M shares currently outstanding.
Investors are a little more bullish of late as implied by the motion in short interest. The stock experienced a fall in short interest of -21.34% as of October 13, 2017 from the last reporting period. Short interest fell 199,382 over that timeframe. With short interest at 734,844 and short average daily volume at 226,526, days to cover is 3.0 and the percentage of shorted shares was 0.01% on October 13.