Thursday, 1 February 2018

Zurcher Kantonalbank Zurich Cantonalbank Increased Reinsurance Group Amer (RGA) Stake by $10.66 Million; 2 Bullish Analysts Covering Ophthotech (OPHT)

Among 12 analysts covering Ophthotech Corporation (NASDAQ:OPHT), 2 have Buy rating, 0 Sell and 10 Hold. Therefore 17% are positive. Ophthotech Corporation had 26 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Monday, December 12 by Barclays Capital. Citigroup initiated the stock with “Buy” rating in Thursday, September 3 report. The rating was initiated by Barclays Capital with “Overweight” on Wednesday, April 27. Citigroup downgraded Ophthotech Corporation (NASDAQ:OPHT) on Monday, December 12 to “Neutral” rating. As per Tuesday, August 4, the company rating was maintained by Chardan Capital Markets. The firm has “Buy” rating by Chardan Capital Markets given on Monday, December 14. The rating was downgraded by Goldman Sachs to “Sell” on Friday, August 7. The rating was downgraded by Leerink Swann to “Mkt Perform” on Monday, December 12. The rating was maintained by Citigroup with “Buy” on Thursday, August 4. The stock of Ophthotech Corporation (NASDAQ:OPHT) has “Hold” rating given on Friday, October 27 by Stifel Nicolaus. See Ophthotech Corporation (NASDAQ:OPHT) latest ratings:

27/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $4.0 Maintain
19/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $4.0 Maintain

Zurcher Kantonalbank Zurich Cantonalbank increased Reinsurance Group Amer Inc (NYSE:RGA) stake by 543.65% reported in 2017Q4 SEC filing. Zurcher Kantonalbank Zurich Cantonalbank acquired 68,799 shares as Reinsurance Group Amer Inc (NYSE:RGA)’s stock declined 3.73%. The Zurcher Kantonalbank Zurich Cantonalbank holds 81,454 shares with $12.70M value, up from 12,655 last quarter. Reinsurance Group Amer Inc now has $10.10B valuation. The stock decreased 2.09% or $3.34 during the last trading session, reaching $156.65. About 601,209 shares traded or 71.00% up from the average. Reinsurance Group of America, Incorporated (NYSE:RGA) has risen 30.37% since January 31, 2017 and is uptrending. It has outperformed by 13.67% the S&P500.

Since December 29, 2017, it had 0 insider buys, and 8 selling transactions for $108,250 activity. Westby Keith had sold 356 shares worth $1,153 on Tuesday, January 2. SBLENDORIO GLENN sold 8,089 shares worth $25,804. 3,798 shares were sold by GUYER DAVID R, worth $12,040 on Thursday, January 4. WOOD BARBARA A had sold 602 shares worth $1,908 on Thursday, January 4.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.15, from 0.55 in 2017Q2. It is positive, as 16 investors sold Ophthotech Corporation shares while 21 reduced holdings. 11 funds opened positions while 15 raised stakes. 18.17 million shares or 2.15% more from 17.79 million shares in 2017Q2 were reported. Armistice Limited Liability holds 1.12% or 3.36M shares. Goldman Sachs holds 363,161 shares. The California-based Dafna Cap Management has invested 0.09% in Ophthotech Corporation (NASDAQ:OPHT). Bogle Invest Mngmt L P De has invested 0.09% of its portfolio in Ophthotech Corporation (NASDAQ:OPHT). Jacobs Levy Equity Inc reported 0.01% in Ophthotech Corporation (NASDAQ:OPHT). Bnp Paribas Arbitrage Sa holds 0% or 60 shares. Quinn Opportunity Ptnrs Limited Liability has invested 0.03% in Ophthotech Corporation (NASDAQ:OPHT). Walleye Trading Ltd Com reported 47,960 shares or 0% of all its holdings. Laurion Cap Management Ltd Partnership reported 427,472 shares stake. Blackrock Incorporated reported 0% of its portfolio in Ophthotech Corporation (NASDAQ:OPHT). Commercial Bank Of New York Mellon holds 54,518 shares. Susquehanna Group Limited Liability Partnership holds 56,781 shares. Highlander Mgmt Ltd Com owns 0.01% invested in Ophthotech Corporation (NASDAQ:OPHT) for 6,000 shares. Jpmorgan Chase Com owns 32,586 shares or 0% of their US portfolio. Proshare Advsr Lc holds 20,244 shares or 0% of its portfolio.

Ophthotech Corporation, a biopharmaceutical company, develops novel therapeutics to treat diseases of the back of the eye. The company has market cap of $105.23 million. The Company’s principal product candidate, Fovista, an anti-platelet derived growth factor, is in Phase III clinical development for use in combination with anti-vascular endothelial growth factor drugs for the treatment of wet age-related macular degeneration . It has a 1.82 P/E ratio. The firm is also developing Zimura, an inhibitor of complement factor C5, for the treatment of dry AMD and wet AMD.

The stock decreased 3.63% or $0.11 during the last trading session, reaching $2.92. About 267,203 shares traded. Ophthotech Corporation (NASDAQ:OPHT) has declined 94.82% since January 31, 2017 and is downtrending. It has underperformed by 111.52% the S&P500.

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 has $171.0 highest and $87 lowest target. $139.56’s average target is -10.91% below currents $156.65 stock price. Reinsurance Group of America had 30 analyst reports since November 17, 2015 according to SRatingsIntel. Goldman Sachs downgraded it to “Neutral” rating and $134 target in Tuesday, January 3 report. RBC Capital Markets maintained Reinsurance Group of America, Incorporated (NYSE:RGA) on Monday, July 10 with “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Friday, October 27. Keefe Bruyette & Woods maintained Reinsurance Group of America, Incorporated (NYSE:RGA) on Thursday, December 21 with “Hold” rating. The firm has “Hold” rating given on Thursday, August 31 by Keefe Bruyette & Woods. RBC Capital Markets maintained Reinsurance Group of America, Incorporated (NYSE:RGA) on Tuesday, September 5 with “Hold” rating. As per Thursday, January 26, the company rating was initiated by Citigroup. JP Morgan downgraded the shares of RGA in report on Tuesday, October 4 to “Neutral” rating. On Friday, November 10 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Monday, October 9 the stock rating was maintained by RBC Capital Markets with “Hold”.

Zurcher Kantonalbank Zurich Cantonalbank decreased Union Pac Corp (NYSE:UNP) stake by 88,251 shares to 476,112 valued at $63.85 million in 2017Q4. It also reduced Palo Alto Networks Inc (NYSE:PANW) stake by 127,898 shares and now owns 55,645 shares. Royal Bk Cda Montreal Que (NYSE:RY) was reduced too.

Reinsurance Group of America, Incorporated engages in reinsurance business. The company has market cap of $10.10 billion. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products. It has a 12.89 P/E ratio. The firm also provides reinsurance for mortality, morbidity, and lapse risk associated with products; and reinsurance for investment-related risks, as well as develops and markets technology solutions for the insurance industry.

The post Zurcher Kantonalbank Zurich Cantonalbank Increased Reinsurance Group Amer (RGA) Stake by $10.66 Million; 2 Bullish Analysts Covering Ophthotech (OPHT) appeared first on Stock Market News | HillCountryTimes | Get it Today.



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