US Bancorp DE Sells 474 Shares of Reinsurance Group of America Inc (RGA)

US Bancorp DE reduced its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,492 shares of the insurance provider’s stock after selling 474 shares during the quarter. US Bancorp DE’s holdings in Reinsurance Group of America were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Boston Partners increased its holdings 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 acquiring an additional 7,824 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 valued at $155,945,000 after acquiring an additional 3,981 shares in the last quarter. LSV Asset Management increased its holdings in Reinsurance Group of America by 38.0% during the 4th quarter. LSV Asset Management now owns 1,105,690 shares of the insurance provider’s stock valued at $172,410,000 after acquiring an additional 304,320 shares in the last quarter. Schroder Investment Management Group increased its holdings in Reinsurance Group of America by 7.1% during the 3rd quarter. Schroder Investment Management Group now owns 896,676 shares of the insurance provider’s stock valued at $125,490,000 after acquiring an additional 59,385 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Reinsurance Group of America by 65.9% during the 3rd quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock valued at $110,504,000 after acquiring an additional 314,479 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company’s stock.

In related news, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 owns 19,862 shares of the company’s stock, valued at $2,956,260.08. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Several research firms have weighed in on RGA. Royal Bank of Canada restated a “hold” rating and set a $165.00 target price on shares of Reinsurance Group of America in a report on Friday, December 8th. Wells Fargo & Co restated a “market perform” rating and set a $165.00 target price (up from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $148.00 price target on shares of Reinsurance Group of America in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $150.43.

Shares of Reinsurance Group of America Inc (NYSE RGA) opened at $154.19 on Friday. The company has a market cap of $9,930.00, a PE ratio of 5.56, a PEG ratio of 1.34 and a beta of 0.75. Reinsurance Group of America Inc has a twelve month low of $121.93 and a twelve month 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.

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

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

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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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