Willis Investment Counsel Lowered Its Stake in Reinsurance Group America (RGA) by $1.24 Million as Share Price Declined; Cape Cod Five Cents Savings Bank Increases Holding in Raytheon Co (RTN)

January 13, 2018 - By Kurt Siggers

Willis Investment Counsel decreased its stake in Reinsurance Group America (RGA) by 11.54% based on its latest 2017Q3 regulatory filing with the SEC. Willis Investment Counsel sold 8,895 shares as the company’s stock declined 3.73% while stock markets rallied. The institutional investor held 68,167 shares of the finance company at the end of 2017Q3, valued at $9.51M, down from 77,062 at the end of the previous reported quarter. Willis Investment Counsel who had been investing in Reinsurance Group America for a number of months, seems to be less bullish one the $10.56B market cap company. The stock increased 0.20% or $0.32 during the last trading session, reaching $163.98. About 240,112 shares traded. Reinsurance Group of America, Incorporated (NYSE:RGA) has risen 30.37% since January 13, 2017 and is uptrending. It has outperformed by 13.67% the S&P500.

Cape Cod Five Cents Savings Bank increased its stake in Raytheon Co (RTN) by 17.12% based on its latest 2017Q3 regulatory filing with the SEC. Cape Cod Five Cents Savings Bank bought 1,678 shares as the company’s stock rose 4.85% with the market. The institutional investor held 11,477 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.14 million, up from 9,799 at the end of the previous reported quarter. Cape Cod Five Cents Savings Bank who had been investing in Raytheon Co for a number of months, seems to be bullish on the $57.08 billion market cap company. The stock increased 2.13% or $4.11 during the last trading session, reaching $197.46. About 1.49M shares traded or 11.32% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since January 13, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Since August 14, 2017, it had 0 insider buys, and 4 sales for $1.08 million activity. $149,378 worth of Raytheon Company (NYSE:RTN) was sold by Clark Vernon E. Jimenez Frank R sold 650 shares worth $121,723. Another trade for 3,791 shares valued at $690,304 was sold by Lawrence Taylor W.

Cape Cod Five Cents Savings Bank, which manages about $647.73M US Long portfolio, decreased its stake in Ishares Tr (IJR) by 21,128 shares to 224,876 shares, valued at $16.69 million in 2017Q3, according to the filing. It also reduced its holding in Toro Co (NYSE:TTC) by 5,856 shares in the quarter, leaving it with 83,124 shares, and cut its stake in Home Depot Inc (NYSE:HD).

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.09, from 1.12 in 2017Q2. It is positive, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. 286,820 are owned by Aperio Grp Ltd. Los Angeles Management Equity Research Incorporated invested in 0.31% or 290,863 shares. Natixis stated it has 0.03% of its portfolio in Raytheon Company (NYSE:RTN). Atalanta Sosnoff Cap Limited Liability Corporation accumulated 308,507 shares or 1.99% of the stock. Private Asset Management has 1.02% invested in Raytheon Company (NYSE:RTN). Badgley Phelps Bell has 0.02% invested in Raytheon Company (NYSE:RTN). Veritable Lp reported 14,048 shares. First National Bank & Trust And Trust Of Newtown has invested 0.06% in Raytheon Company (NYSE:RTN). Blume Mgmt accumulated 0.01% or 150 shares. State Of New Jersey Common Pension Fund D has invested 0.26% in Raytheon Company (NYSE:RTN). Markston Intll Ltd Limited Liability Company holds 2.21% of its portfolio in Raytheon Company (NYSE:RTN) for 115,365 shares. Ledyard Commercial Bank accumulated 0.01% or 556 shares. Bowling Management Limited Liability Company holds 0.36% or 12,971 shares in its portfolio. Motco has invested 0.6% of its portfolio in Raytheon Company (NYSE:RTN). Utd Natl Bank Incorporated reported 2.17% of its portfolio in Raytheon Company (NYSE:RTN).

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. Deutsche Bank upgraded it to “Buy” rating and $210 target in Friday, September 29 report. Bank of America maintained Raytheon Company (NYSE:RTN) rating on Friday, October 27. Bank of America has “Buy” rating and $220.0 target. The stock of Raytheon Company (NYSE:RTN) has “Buy” rating given on Thursday, October 26 by Stifel Nicolaus. As per Monday, October 30, the company rating was maintained by Bernstein. Jefferies maintained the stock with “Buy” rating in Monday, July 24 report. Deutsche Bank maintained Raytheon Company (NYSE:RTN) rating on Friday, October 23. Deutsche Bank has “Hold” rating and $125 target. The firm has “Buy” rating by Cowen & Co given on Thursday, October 19. The company was upgraded on Thursday, November 12 by Argus Research. Morgan Stanley initiated it with “Buy” rating and $18800 target in Tuesday, August 8 report.

Analysts await Reinsurance Group of America, Incorporated (NYSE:RGA) to report earnings on January, 29. They expect $2.82 earnings per share, up 7.22% or $0.19 from last year’s $2.63 per share. RGA’s profit will be $181.62 million for 14.54 P/E if the $2.82 EPS becomes a reality. After $3.44 actual earnings per share reported by Reinsurance Group of America, Incorporated for the previous quarter, Wall Street now forecasts -18.02% negative EPS growth.

Investors sentiment increased to 1.18 in 2017 Q3. Its up 0.18, from 1 in 2017Q2. It improved, as 27 investors sold RGA shares while 127 reduced holdings. 49 funds opened positions while 132 raised stakes. 57.50 million shares or 0.71% more from 57.09 million shares in 2017Q2 were reported. 2,800 are owned by Capstone Invest Advsrs Limited Co. First Manhattan reported 0% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA). The Norway-based Dnb Asset As has invested 0.05% in Reinsurance Group of America, Incorporated (NYSE:RGA). Neuberger Berman Grp Ltd Liability Co invested 0.04% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA). Pension Serv holds 0% or 190 shares. New Amsterdam Ptnrs Ltd Liability Company Ny invested 0.38% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA). Bessemer Gru holds 0.03% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA) for 57,726 shares. Moreover, Thrivent Fin For Lutherans has 0.01% invested in Reinsurance Group of America, Incorporated (NYSE:RGA). Ing Groep Nv invested in 7,899 shares or 0.02% of the stock. Ameriprise Finance reported 320,029 shares stake. 2,875 are owned by Connable Office Inc. Boston Prns holds 0.39% of its portfolio in Reinsurance Group of America, Incorporated (NYSE:RGA) for 2.24 million shares. Ameritas Investment Prns owns 32,595 shares. Qs Ltd owns 677 shares. Delta Asset Mgmt Ltd Com Tn owns 0% invested in Reinsurance Group of America, Incorporated (NYSE:RGA) for 12 shares.

Willis Investment Counsel, which manages about $1.45 billion and $1.39 billion US Long portfolio, upped its stake in Vodafone Group (NASDAQ:VOD) by 17,300 shares to 448,500 shares, valued at $12.76M in 2017Q3, according to the filing. It also increased its holding in Mcdonalds Corp Com (NYSE:MCD) by 23,262 shares in the quarter, for a total of 123,960 shares, and has risen its stake in Intl Business Machines Corp Ibm (NYSE:IBM).

Since August 1, 2017, it had 0 buys, and 4 sales for $1.99 million activity. HENDERSON ALAN C had sold 440 shares worth $61,543. HUTTON WILLIAM L sold 4,339 shares worth $609,297. Neemeh Alain also sold $1.05 million worth of Reinsurance Group of America, Incorporated (NYSE:RGA) shares.

Among 10 analysts covering Reinsurance Group of America (NYSE:RGA), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 20% are positive. Reinsurance Group of America had 30 analyst reports since November 17, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Thursday, July 27, the company rating was maintained by Wells Fargo. Goldman Sachs upgraded the stock to “Buy” rating in Friday, July 15 report. The firm earned “Market Perform” rating on Friday, September 23 by Wells Fargo. The company was maintained on Thursday, August 31 by Keefe Bruyette & Woods. On Thursday, January 26 the stock rating was initiated by Citigroup with “Buy”. RBC Capital Markets maintained the shares of RGA in report on Friday, December 8 with “Hold” rating. The stock of Reinsurance Group of America, Incorporated (NYSE:RGA) earned “Neutral” rating by Goldman Sachs on Tuesday, January 3. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, September 5. RBC Capital Markets maintained Reinsurance Group of America, Incorporated (NYSE:RGA) rating on Friday, October 27. RBC Capital Markets has “Hold” rating and $145.0 target.

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