California State Teachers Retirement System Decreases Position in Reinsurance Group of America Inc (NYSE:RGA)

California State Teachers Retirement System trimmed its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,815 shares of the insurance provider’s stock after selling 9,501 shares during the quarter. California State Teachers Retirement System owned 0.18% of Reinsurance Group of America worth $15,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invictus RG bought a new stake in Reinsurance Group of America in the 3rd quarter valued at $271,000. Stifel Financial Corp lifted its position in Reinsurance Group of America by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 10,220 shares of the insurance provider’s stock valued at $1,428,000 after acquiring an additional 337 shares in the last quarter. KBC Group NV lifted its position in Reinsurance Group of America by 17.2% in the 3rd quarter. KBC Group NV now owns 8,415 shares of the insurance provider’s stock valued at $1,174,000 after acquiring an additional 1,235 shares in the last quarter. Barings LLC lifted its position in Reinsurance Group of America by 7.6% in the 3rd quarter. Barings LLC now owns 4,940 shares of the insurance provider’s stock valued at $689,000 after acquiring an additional 350 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Reinsurance Group of America by 2.1% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 147,002 shares of the insurance provider’s stock valued at $20,511,000 after acquiring an additional 2,994 shares in the last quarter. 91.49% of the stock is currently owned by institutional investors.

Several research firms recently commented on RGA. Zacks Investment Research cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $165.00 price objective on shares of Reinsurance Group of America in a research report on Friday, December 8th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a research report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 18th. They issued 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 given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $146.88.

In other news, Director Christine Rose Detrick sold 659 shares of the business’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 transaction, the director now directly owns 4,023 shares in the company, valued at approximately $601,438.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the transaction, the executive vice president now owns 27,277 shares in the company, valued at $4,090,458.92. The disclosure for this sale can be found here. Insiders sold a total of 2,159 shares of company stock worth $326,281 over the last quarter. Company insiders own 1.47% of the company’s stock.

Shares of Reinsurance Group of America Inc (NYSE:RGA) traded up $0.33 during mid-day trading on Friday, reaching $163.98. 240,112 shares of the company’s stock traded hands, compared to its average volume of 314,089. 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 Inc has a 12-month low of $121.93 and a 12-month high of $165.12. The firm has a market cap of $10,560.00, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.55 and a beta of 0.82.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (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 firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $2.46 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that Reinsurance Group of America Inc will post 11.07 earnings per share for the current fiscal year.

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Reinsurance Group of America 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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