Reinsurance Group of America, Incorporated (RGA) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 65.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 791,981 shares of the insurance provider’s stock after purchasing an additional 314,479 shares during the period. Wells Fargo & Company MN owned approximately 1.23% of Reinsurance Group of America worth $110,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGA. Janus Henderson Group PLC grew its position in Reinsurance Group of America by 9,358.1% in the 2nd quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock worth $70,734,000 after purchasing an additional 545,110 shares during the last quarter. AJO LP grew its position in Reinsurance Group of America by 30.2% in the 2nd quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after purchasing an additional 405,008 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Reinsurance Group of America by 383.4% in the third quarter. BNP Paribas Arbitrage SA now owns 270,749 shares of the insurance provider’s stock valued at $37,778,000 after acquiring an additional 214,738 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Reinsurance Group of America by 1,577.6% in the second quarter. Balyasny Asset Management LLC now owns 192,355 shares of the insurance provider’s stock valued at $24,696,000 after acquiring an additional 180,889 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Reinsurance Group of America by 57.1% in the second quarter. Fiera Capital Corp now owns 400,469 shares of the insurance provider’s stock valued at $51,416,000 after acquiring an additional 145,505 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded up $1.00 during mid-day trading on Tuesday, reaching $161.71. 460,400 shares of the company traded hands, compared to its average volume of 321,840. Reinsurance Group of America, Incorporated has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The firm has a market capitalization of $10,350.38, a price-to-earnings ratio of 14.77, a PEG ratio of 1.61 and a beta of 0.82. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th were paid a dividend of $0.50 per share. 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 presently 16.46%.

Several research analysts have recently issued reports on RGA shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $134.00 price objective on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Goldman Sachs Group started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Wells Fargo & Company reiterated a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.63.

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

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Reinsurance Group of America Company 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.

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

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