Brown Capital Management Lowered Apple (AAPL) Holding by $541,772; Stock Price Rose; Reinsurance Group Amer (RGA) Shareholder Rdl Financial Cut Stake by $1.01 Million

February 22, 2018 - By Adrian Mccoy

Rdl Financial Inc decreased its stake in Reinsurance Group Amer Inc (RGA) by 27.65% based on its latest 2017Q3 regulatory filing with the SEC. Rdl Financial Inc sold 7,051 shares as the company’s stock declined 3.73% while stock markets rallied. The institutional investor held 18,451 shares of the finance company at the end of 2017Q3, valued at $2.64M, down from 25,502 at the end of the previous reported quarter. Rdl Financial Inc who had been investing in Reinsurance Group Amer Inc for a number of months, seems to be less bullish one the $9.86 billion market cap company. The stock decreased 1.49% or $2.31 during the last trading session, reaching $153.01. About 137,689 shares traded. Reinsurance Group of America, Incorporated (NYSE:RGA) has risen 30.37% since February 22, 2017 and is uptrending. It has outperformed by 13.67% the S&P500.

Brown Capital Management Llc decreased its stake in Apple Inc (AAPL) by 10.94% based on its latest 2017Q3 regulatory filing with the SEC. Brown Capital Management Llc sold 3,518 shares as the company’s stock rose 12.78% with the market. The institutional investor held 28,652 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.42M, down from 32,170 at the end of the previous reported quarter. Brown Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $874.91B market cap company. The stock increased 0.79% or $1.36 during the last trading session, reaching $172.43. About 27.75 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 22, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Since August 24, 2017, it had 0 insider buys, and 6 sales for $27.32 million activity. Another trade for 268,623 shares valued at $43.15M was made by COOK TIMOTHY D on Thursday, August 24. Another trade for 63,388 shares valued at $9.78 million was sold by AHRENDTS ANGELA J. $8.79 million worth of stock was sold by SCHILLER PHILIP W on Tuesday, October 3. Srouji Johny also sold $948,612 worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 28.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Outperform” on Wednesday, January 27. The firm has “Buy” rating by Citigroup given on Wednesday, August 2. J.P. Morgan maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, August 2 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, October 26 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Tuesday, August 11 by Jefferies. Drexel Hamilton initiated Apple Inc. (NASDAQ:AAPL) on Thursday, October 1 with “Buy” rating. The firm earned “Overweight” rating on Friday, January 8 by Pacific Crest. Drexel Hamilton maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 26 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Friday, August 7. UBS maintained it with “Buy” rating and $127 target in Tuesday, September 20 report.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 EPS, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80B for 15.85 P/E if the $2.72 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Brown Capital Management Llc, which manages about $7.02B and $8.22B US Long portfolio, upped its stake in Cardiovascular Sys Inc Del (NASDAQ:CSII) by 14,564 shares to 2.49 million shares, valued at $69.99M in 2017Q3, according to the filing. It also increased its holding in Balchem Corp (NASDAQ:BCPC) by 207,192 shares in the quarter, for a total of 3.84M shares, and has risen its stake in Ellie Mae Inc (NYSE:ELLI).

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Princeton Portfolio Strategies Grp Limited Liability Corp owns 71,432 shares for 2.98% of their portfolio. Bollard Grp Limited Liability Company holds 0.21% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 26,400 shares. Allstate Corp holds 4,394 shares. 37,074 are owned by Bank Hapoalim Bm. Loomis Sayles And Co LP owns 657,237 shares for 0.22% of their portfolio. Mu Invs Company Ltd stated it has 4.84% of its portfolio in Apple Inc. (NASDAQ:AAPL). 14,821 were reported by Rfg Advisory Grp Ltd Liability Corp. The Alabama-based Mitchell Mcleod Pugh And Williams has invested 5.22% in Apple Inc. (NASDAQ:AAPL). Arrowmark Colorado Ltd Co holds 103,728 shares. Cohen & Steers holds 79,829 shares. Moreover, Valiant Cap Mngmt Lp has 5.29% invested in Apple Inc. (NASDAQ:AAPL). Ibm Retirement Fund reported 4.04% stake. Reliant Invest Mngmt Ltd reported 30,895 shares. Sunbelt Secs Inc accumulated 25,104 shares. Northern Capital Mngmt Limited Com accumulated 52,207 shares.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.18, from 1 in 2017Q2. It is positive, 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. The Alabama-based Stanley has invested 0.23% in Reinsurance Group of America, Incorporated (NYSE:RGA). Moreover, Balyasny Asset Mgmt Ltd Liability Com has 0% invested in Reinsurance Group of America, Incorporated (NYSE:RGA). First Quadrant LP Ca accumulated 0.44% or 161,614 shares. Moreover, Sei Investments has 0.02% invested in Reinsurance Group of America, Incorporated (NYSE:RGA) for 39,505 shares. Gsa Cap Prtn Llp invested in 0.08% or 8,332 shares. Hillsdale Invest Mgmt owns 60 shares. Meeder Asset Management has 2,883 shares. Wellington Gru Incorporated Limited Liability Partnership reported 1.07 million shares stake. Vaughan Nelson Inv Mgmt Lp owns 380,000 shares or 0.63% of their US portfolio. Northern Tru accumulated 722,349 shares. Anderson Hoagland And Company owns 26,955 shares for 2.31% of their portfolio. Johnson Counsel holds 0.02% or 5,071 shares. Rothschild Asset Mgmt accumulated 0.01% or 9,012 shares. State Bank Of Montreal Can invested in 0% or 22,464 shares. Rdl Fincl invested in 18,451 shares.

Analysts await Reinsurance Group of America, Incorporated (NYSE:RGA) to report earnings on April, 26. They expect $2.56 EPS, up 37.63% or $0.70 from last year’s $1.86 per share. RGA’s profit will be $165.00M for 14.94 P/E if the $2.56 EPS becomes a reality. After $2.60 actual EPS reported by Reinsurance Group of America, Incorporated for the previous quarter, Wall Street now forecasts -1.54% negative EPS growth.

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. The firm has “Neutral” rating given on Wednesday, February 24 by Goldman Sachs. The stock of Reinsurance Group of America, Incorporated (NYSE:RGA) earned “Hold” rating by RBC Capital Markets on Friday, October 27. The rating was initiated by Wells Fargo with “Market Perform” on Friday, September 23. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. The stock of Reinsurance Group of America, Incorporated (NYSE:RGA) has “Neutral” rating given on Tuesday, October 4 by JP Morgan. Keefe Bruyette & Woods maintained Reinsurance Group of America, Incorporated (NYSE:RGA) on Thursday, August 31 with “Hold” rating. Credit Suisse initiated the stock with “Neutral” rating in Friday, October 7 report. The firm has “Sell” rating given on Tuesday, November 17 by Goldman Sachs. Morgan Stanley maintained Reinsurance Group of America, Incorporated (NYSE:RGA) rating on Monday, November 13. Morgan Stanley has “Underweight” rating and $130 target. The rating was downgraded by Deutsche Bank on Wednesday, October 19 to “Hold”.

Since February 16, 2018, it had 0 insider buys, and 1 sale for $62,104 activity.

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