American Century Companies Inc. Buys 32,033 Shares of Reinsurance Group of America Inc (RGA)

American Century Companies Inc. grew its stake in Reinsurance Group of America Inc (NYSE:RGA) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 976,084 shares of the insurance provider’s stock after purchasing an additional 32,033 shares during the period. American Century Companies Inc. owned approximately 1.53% of Reinsurance Group of America worth $141,103,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of Reinsurance Group of America by 3.3% in the second quarter. Boston Partners now owns 2,207,709 shares of the insurance provider’s stock valued at $294,685,000 after purchasing an additional 70,038 shares during the period. Earnest Partners LLC increased its holdings in shares of Reinsurance Group of America by 3.4% in the second quarter. Earnest Partners LLC now owns 1,041,384 shares of the insurance provider’s stock valued at $139,004,000 after purchasing an additional 34,069 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Reinsurance Group of America by 33.5% in the third quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock valued at $143,029,000 after purchasing an additional 248,223 shares during the period. Schroder Investment Management Group boosted its stake in shares of Reinsurance Group of America by 15.9% in the second quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock valued at $35,271,000 after buying an additional 128,283 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Reinsurance Group of America by 1,282.4% in the second quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock valued at $96,468,000 after buying an additional 670,441 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America stock opened at $148.76 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a 1-year low of $127.84 and a 1-year high of $165.12. The company has a market capitalization of $9.15 billion, a P/E ratio of 13.72 and a beta of 0.74.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $0.74. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.20 billion. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. On average, equities analysts anticipate that Reinsurance Group of America Inc will post 12.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. Reinsurance Group of America’s payout ratio is 22.14%.

A number of analysts recently weighed in on RGA shares. Royal Bank of Canada restated a “hold” rating and issued a $150.00 price target on shares of Reinsurance Group of America in a research note on Friday, July 27th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Credit Suisse Group decreased their price target on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $148.75.

In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 620 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $146.00, for a total transaction of $90,520.00. Following the sale, the director now directly owns 6,409 shares in the company, valued at $935,714. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Todd C. Larson sold 4,500 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total value of $672,210.00. Following the sale, the chief financial officer now owns 31,743 shares in the company, valued at $4,741,769.34. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

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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.

See Also: Buyback

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

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