Janus Henderson Group PLC Has $75.73 Million Holdings in Reinsurance Group of America, Incorporated (RGA)

Janus Henderson Group PLC cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,735 shares of the insurance provider’s stock after selling 8,200 shares during the quarter. Janus Henderson Group PLC owned 0.84% of Reinsurance Group of America worth $75,728,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank lifted its stake in Reinsurance Group of America by 11.7% during the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Reinsurance Group of America by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after buying an additional 400 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Reinsurance Group of America by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after buying an additional 248 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in Reinsurance Group of America during the second quarter valued at about $167,000. Finally, Halsey Associates Inc. CT purchased a new stake in Reinsurance Group of America during the third quarter valued at about $205,000. 91.54% of the stock is owned by institutional investors.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was 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 $4,090,458.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

A number of analysts have commented on RGA shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $134.00 price objective on shares of Reinsurance Group of America in a research note on Tuesday, October 10th. Goldman Sachs Group started coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective for the company. Wells Fargo & Company reaffirmed a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a research note 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 research note on Tuesday, November 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $141.13.

Shares of Reinsurance Group of America, Incorporated (RGA) opened at $156.57 on Friday. The stock has a market cap of $10,081.17, a P/E ratio of 14.39, a PEG ratio of 1.57 and a beta of 0.82. Reinsurance Group of America, Incorporated has a 52-week low of $121.93 and a 52-week high of $165.12. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Reinsurance Group of America’s payout ratio is presently 16.46%.

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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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