Reinsurance Group of America Inc (RGA) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its position in Reinsurance Group of America Inc (NYSE:RGA) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 337,005 shares of the insurance provider’s stock after purchasing an additional 17,355 shares during the period. Parametric Portfolio Associates LLC owned about 0.52% of Reinsurance Group of America worth $47,022,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its stake in Reinsurance Group of America by 14.6% in the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock worth $1,310,000 after acquiring an additional 1,300 shares during the period. State of Wisconsin Investment Board lifted its stake in Reinsurance Group of America by 33.1% in the second quarter. State of Wisconsin Investment Board now owns 57,754 shares of the insurance provider’s stock worth $7,415,000 after acquiring an additional 14,360 shares during the period. SG Americas Securities LLC lifted its stake in Reinsurance Group of America by 107.0% in the second quarter. SG Americas Securities LLC now owns 21,228 shares of the insurance provider’s stock worth $2,725,000 after acquiring an additional 10,972 shares during the period. Bank of New York Mellon Corp lifted its stake in Reinsurance Group of America by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,113,665 shares of the insurance provider’s stock worth $142,984,000 after acquiring an additional 4,291 shares during the period. Finally, Legal & General Group Plc lifted its position in Reinsurance Group of America by 11.0% during the second quarter. Legal & General Group Plc now owns 141,575 shares of the insurance provider’s stock valued at $18,179,000 after buying an additional 14,039 shares during the period. Hedge funds and other institutional investors own 91.49% of the company’s stock.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction dated 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. Insiders sold a total of 2,159 shares of company stock worth $326,281 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

RGA has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $134.00 price target on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Goldman Sachs Group started coverage on 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 & Co 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 target on Reinsurance Group of America and gave the company a “buy” rating in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Reinsurance Group of America currently has an average rating of “Hold” and an average price target of $146.88.

Reinsurance Group of America Inc (NYSE:RGA) traded up $1.77 during midday trading on Thursday, reaching $163.66. The company had a trading volume of 365,928 shares, compared to its average volume of 262,879. 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 Inc has a one year low of $121.93 and a one year high of $165.12. The stock has a market cap of $10,520.00, a PE ratio of 13.48, a PEG ratio of 1.55 and a beta of 0.82.

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, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion for 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 company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. sell-side analysts predict that Reinsurance Group of America Inc will post 11.07 earnings per share for the current fiscal year.

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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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