Atlantic Trust Group LLC Takes Position in Reinsurance Group of America Inc (RGA)

Atlantic Trust Group LLC bought a new stake in Reinsurance Group of America Inc (NYSE:RGA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,348 shares of the insurance provider’s stock, valued at approximately $2,281,000.

Other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC grew its position in Reinsurance Group of America by 225.8% in the second quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock valued at $309,000 after acquiring an additional 140 shares during the last quarter. Toronto Dominion Bank grew its position in Reinsurance Group of America by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Reinsurance Group of America in the third quarter valued at about $113,000. Acrospire Investment Management LLC grew its position in Reinsurance Group of America by 66.7% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Reinsurance Group of America by 27.3% in the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.

A number of research firms have issued reports on RGA. Wells Fargo & Co reiterated a “market perform” rating and issued a $160.00 target price (up previously from $150.00) on shares of Reinsurance Group of America in a research report on Tuesday, January 9th. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research note on Thursday, January 4th. Royal Bank of Canada reissued a “hold” rating and set a $134.00 price target on shares of Reinsurance Group of America in a research note on Tuesday, October 10th. Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 price target on the stock. 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 issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $146.88.

Reinsurance Group of America Inc (NYSE:RGA) opened at $163.98 on Friday. 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 $10,560.00, a P/E ratio of 13.51, a P/E/G ratio of 1.55 and a beta of 0.82. Reinsurance Group of America Inc has a 12 month low of $121.93 and a 12 month high of $165.12.

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

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 500 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now directly owns 26,777 shares in the company, valued at $4,166,501.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction that occurred 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 owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,159 shares of company stock worth $326,281. 1.47% of the stock is owned by 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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