12,171 Shares in Reinsurance Group of America Inc (RGA) Acquired by KAMES CAPITAL plc

KAMES CAPITAL plc acquired a new stake in shares of Reinsurance Group of America Inc (NYSE:RGA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,171 shares of the insurance provider’s stock, valued at approximately $1,625,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Reinsurance Group of America by 1.1% during the first quarter. BlackRock Inc. now owns 5,970,526 shares of the insurance provider’s stock valued at $919,462,000 after acquiring an additional 65,726 shares in the last quarter. Boston Partners increased its holdings in shares of Reinsurance Group of America by 1.0% during the first quarter. Boston Partners now owns 2,137,671 shares of the insurance provider’s stock valued at $329,202,000 after acquiring an additional 22,101 shares in the last quarter. LSV Asset Management increased its holdings in shares of Reinsurance Group of America by 0.7% during the first quarter. LSV Asset Management now owns 1,113,548 shares of the insurance provider’s stock valued at $171,486,000 after acquiring an additional 7,858 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Reinsurance Group of America by 19.9% during the first quarter. Allianz Asset Management GmbH now owns 1,017,851 shares of the insurance provider’s stock valued at $156,750,000 after acquiring an additional 168,933 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Reinsurance Group of America by 5.1% during the first quarter. Wells Fargo & Company MN now owns 855,146 shares of the insurance provider’s stock valued at $131,693,000 after acquiring an additional 41,285 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Several equities research analysts have recently commented on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a report on Wednesday, March 28th. ValuEngine downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Wells Fargo & Co set a $165.00 price target on Reinsurance Group of America and gave the stock a “hold” rating in a report on Thursday, April 26th. Morgan Stanley decreased their price target on Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating for the company in a report on Thursday, April 5th. Finally, Credit Suisse Group began coverage on Reinsurance Group of America in a report on Wednesday, April 25th. They set a “neutral” rating and a $164.00 price target for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $158.33.

Shares of Reinsurance Group of America opened at $136.10 on Thursday, Marketbeat reports. Reinsurance Group of America Inc has a 12-month low of $126.62 and a 12-month high of $165.12. The firm has a market cap of $8.98 billion, a P/E ratio of 12.56 and a beta of 0.77. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.31.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, April 26th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.48 by ($0.87). Reinsurance Group of America had a return on equity of 8.04% and a net margin of 14.01%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. equities analysts anticipate that Reinsurance Group of America Inc will post 11.36 EPS for the current year.

In other Reinsurance Group of America news, EVP Timothy T. Matson acquired 300 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 1st. The stock was purchased at an average price of $149.15 per share, for a total transaction of $44,745.00. Following the purchase, the executive vice president now directly owns 2,095 shares of the company’s stock, valued at $312,469.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alain Neemeh sold 2,955 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $153.66, for a total value of $454,065.30. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $5,761,020.72. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. 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.

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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