Teacher Retirement System of Texas Sells 23,443 Shares of Reinsurance Group of America Inc (RGA)

Teacher Retirement System of Texas trimmed its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 47.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,055 shares of the insurance provider’s stock after selling 23,443 shares during the period. Teacher Retirement System of Texas’ holdings in Reinsurance Group of America were worth $4,063,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its stake in shares of Reinsurance Group of America by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth about $113,000. Parkside Financial Bank & Trust boosted its stake in shares of Reinsurance Group of America by 250.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock worth $186,000 after buying an additional 854 shares during the last quarter. Halsey Associates Inc. CT acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth about $205,000. Finally, Foster & Motley Inc. acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth about $207,000. Institutional investors own 91.75% of the company’s stock.

Shares of Reinsurance Group of America Inc (NYSE:RGA) opened at $155.51 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a market cap of $9,937.85, a PE ratio of 5.61, a PEG ratio of 1.37 and a beta of 0.75. Reinsurance Group of America Inc has a fifty-two week low of $121.93 and a fifty-two week high of $165.12.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. Reinsurance Group of America’s payout ratio is 7.22%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Royal Bank of Canada restated a “hold” rating and set a $165.00 price objective on shares of Reinsurance Group of America in a research note on Friday, December 8th. Wells Fargo & Co restated a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Keefe, Bruyette & Woods restated 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. Finally, Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $150.43.

In other news, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the sale, the executive vice president now directly owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction dated 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 directly owns 19,862 shares in the company, valued at $2,956,260.08. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

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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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