Reinsurance Group of America Inc (RGA) Holdings Cut by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lessened its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,372 shares of the insurance provider’s stock after selling 4,577 shares during the quarter. Great West Life Assurance Co. Can owned 0.10% of Reinsurance Group of America worth $9,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. BlackRock Inc. grew its stake in Reinsurance Group of America by 0.4% in the 3rd quarter. BlackRock Inc. now owns 5,947,506 shares of the insurance provider’s stock valued at $859,771,000 after purchasing an additional 20,957 shares during the period. Boston Partners grew its stake in Reinsurance Group of America by 3.3% in the 2nd 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. Alliancebernstein L.P. grew its stake in Reinsurance Group of America by 0.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,501,467 shares of the insurance provider’s stock valued at $217,052,000 after purchasing an additional 8,180 shares during the period. Bank of New York Mellon Corp grew its stake in Reinsurance Group of America by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,892 shares of the insurance provider’s stock valued at $151,194,000 after purchasing an additional 10,563 shares during the period. Finally, Earnest Partners LLC grew its stake in Reinsurance Group of America by 3.4% in the 2nd 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. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research note on Thursday, October 4th. Credit Suisse Group cut their price target on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Morgan Stanley increased their price target on Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $146.00.

RGA stock opened at $139.60 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.05 billion, a PE ratio of 12.88 and a beta of 0.73. Reinsurance Group of America Inc has a fifty-two week low of $127.84 and a fifty-two week high of $164.86.

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, topping the consensus estimate of $3.29 by $0.74. The company had revenue of $3.25 billion during 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 forecast that Reinsurance Group of America Inc will post 12.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $2.40 annualized dividend and a dividend yield of 1.72%. Reinsurance Group of America’s payout ratio is 22.14%.

In related news, Director Arnoud W.A. Boot sold 620 shares of the stock in a transaction dated 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 owns 6,409 shares of the company’s stock, valued at approximately $935,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Anna Manning sold 4,034 shares of the stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $148.23, for a total value of $597,959.82. Following the sale, the president now directly owns 20,667 shares in the company, valued at approximately $3,063,469.41. The disclosure for this sale can be found here. Insiders have sold a total of 11,154 shares of company stock valued at $1,656,950 in the last quarter. 1.47% of the stock is owned by corporate insiders.

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Reinsurance Group of America 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.

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

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