Jane Street Group LLC Has $338,000 Holdings in Reinsurance Group of America Inc (RGA)

Jane Street Group LLC decreased its stake in Reinsurance Group of America Inc (NYSE:RGA) by 81.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,425 shares of the insurance provider’s stock after selling 10,487 shares during the period. Jane Street Group LLC’s holdings in Reinsurance Group of America were worth $338,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Boston Partners boosted its stake in Reinsurance Group of America by 0.4% during the 3rd quarter. Boston Partners now owns 2,240,938 shares of the insurance provider’s stock valued at $312,678,000 after purchasing an additional 7,824 shares in the last quarter. AJO LP boosted its stake in shares of Reinsurance Group of America by 30.2% during the 2nd quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock worth $224,431,000 after acquiring an additional 405,008 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Reinsurance Group of America by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock worth $155,945,000 after acquiring an additional 3,981 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Reinsurance Group of America by 7.1% in the third quarter. Schroder Investment Management Group now owns 896,676 shares of the insurance provider’s stock worth $125,490,000 after buying an additional 59,385 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Reinsurance Group of America by 65.9% in the third quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock worth $110,504,000 after buying an additional 314,479 shares during the period. Institutional investors and hedge funds own 91.49% of the company’s stock.

Several analysts recently issued reports on the company. Royal Bank of Canada reiterated a “hold” rating and set a $134.00 price objective on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock. Wells Fargo & Co restated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a research 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 report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $146.88.

Reinsurance Group of America Inc (RGA) traded up $1.77 during trading hours on Thursday, hitting $163.66. 365,928 shares of the stock were exchanged, compared to its average volume of 262,879. Reinsurance Group of America Inc 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. The company has a market capitalization of $10,520.00, a PE ratio of 13.48, a P/E/G ratio of 1.55 and a beta of 0.82.

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

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the sale, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Rose Detrick sold 659 shares of the company’s stock in a transaction dated 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 directly owns 4,023 shares in the company, valued at $601,438.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,159 shares of company stock valued at $326,281 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

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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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