Brandywine Global Investment Management LLC boosted its stake in Reinsurance Group of America Inc (NYSE:RGA) by 13.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 71,392 shares of the insurance provider’s stock after acquiring an additional 8,399 shares during the quarter. Brandywine Global Investment Management LLC owned 0.11% of Reinsurance Group of America worth $11,133,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in RGA. Fieldpoint Private Securities LLC acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at $113,000. Focused Wealth Management Inc acquired a new stake in Reinsurance Group of America in the 4th quarter valued at $156,000. Parkside Financial Bank & Trust grew its stake in Reinsurance Group of America by 250.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock valued at $186,000 after acquiring an additional 854 shares during the period. Halsey Associates Inc. CT acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at $205,000. Finally, Foster & Motley Inc. acquired a new stake in Reinsurance Group of America in the 4th quarter valued at $207,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP John P. Laughlin, Jr. sold 500 shares of Reinsurance Group of America stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan C. Henderson sold 556 shares of Reinsurance Group of America stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $148.84, for a total value of $82,755.04. Following the transaction, the director now owns 19,862 shares in the company, valued at approximately $2,956,260.08. The disclosure for this sale can be found here. Insiders sold a total of 1,456 shares of company stock worth $222,659 in the last 90 days. 1.76% of the stock is currently owned by insiders.
Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.24). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.92 EPS. equities research analysts forecast that Reinsurance Group of America Inc will post 12.5 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Reinsurance Group of America’s payout ratio is currently 7.22%.
RGA has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $165.00 price target on shares of Reinsurance Group of America in a research note on Friday, December 8th. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research note on Thursday, January 4th. UBS Group initiated coverage on shares of Reinsurance Group of America in a research note on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price target on the stock. Wells Fargo & Co restated a “market perform” rating and issued a $165.00 price objective (up previously from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Finally, Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $152.63.
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Reinsurance Group of America Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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