Reinsurance Group of America, Incorporated (RGA) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404,044 shares of the insurance provider’s stock after buying an additional 56,540 shares during the period. Russell Investments Group Ltd. owned approximately 0.63% of Reinsurance Group of America worth $56,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. World Asset Management Inc increased its position in Reinsurance Group of America by 0.4% in the 2nd quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock worth $570,000 after buying an additional 19 shares during the period. Advisor Partners LLC increased its position in Reinsurance Group of America by 1.5% in the 2nd quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock worth $251,000 after buying an additional 28 shares during the period. Stanley Laman Group Ltd. increased its position in Reinsurance Group of America by 0.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock worth $723,000 after buying an additional 50 shares during the period. Gotham Asset Management LLC increased its position in Reinsurance Group of America by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock worth $230,000 after buying an additional 56 shares during the period. Finally, Commerce Bank increased its position in Reinsurance Group of America by 0.6% in the 2nd quarter. Commerce Bank now owns 13,690 shares of the insurance provider’s stock worth $1,758,000 after buying an additional 78 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) traded up $1.00 during trading hours on Monday, hitting $161.71. The stock had a trading volume of 460,457 shares, compared to its average volume of 321,840. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $10,410.00, a price-to-earnings ratio of 14.77, a PEG ratio of 1.61 and a beta of 0.82. Reinsurance Group of America, Incorporated has a one year low of $121.93 and a one year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. Reinsurance Group of America’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio is 16.47%.

In related news, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the sale, the director now owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.

Several brokerages have commented on RGA. Royal Bank Of Canada lifted their price target on Reinsurance Group of America and gave the stock a “market perform” rating in a research report on Monday, October 30th. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Wells Fargo & Company reissued a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Finally, Goldman Sachs Group began coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $138.63.

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About Reinsurance Group of America

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.

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

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