Reinsurance Group of America Inc (RGA) Position Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,915 shares of the insurance provider’s stock after purchasing an additional 8,364 shares during the period. Retirement Systems of Alabama owned about 0.21% of Reinsurance Group of America worth $21,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in RGA. Toronto Dominion Bank increased its stake in shares of Reinsurance Group of America by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 83 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $113,000. Parkside Financial Bank & Trust increased its stake in shares of Reinsurance Group of America by 250.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock valued at $186,000 after purchasing an additional 854 shares in the last quarter. Halsey Associates Inc. CT purchased a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $205,000. Finally, Foster & Motley Inc. purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 91.75% of the company’s stock.

Several equities analysts recently weighed in on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a research note on Thursday, January 4th. 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. Royal Bank of Canada set a $145.00 price target on Reinsurance Group of America and gave the company a “hold” rating in a research note on Friday, October 27th. Wells Fargo & Co restated a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and a consensus target price of $150.43.

In other Reinsurance Group of America news, Director Alan C. Henderson sold 556 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $148.84, for a total transaction of $82,755.04. Following the completion of the sale, the director now directly owns 19,862 shares in the company, valued at approximately $2,956,260.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s 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 sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Shares of Reinsurance Group of America Inc (NYSE RGA) opened at $154.19 on Friday. 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 current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9,924.32, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.37 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter last year, the firm posted $2.92 earnings per share. Reinsurance Group of America’s quarterly revenue was up 5.3% on a year-over-year basis. equities analysts anticipate that Reinsurance Group of America Inc will post 12.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 annualized dividend and a yield of 1.30%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 7.22%.

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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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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