Capital Fund Management S.A. Sells 12,500 Shares of Reinsurance Group of America Inc (RGA)

Capital Fund Management S.A. decreased its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 79.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the insurance provider’s stock after selling 12,500 shares during the quarter. Capital Fund Management S.A.’s holdings in Reinsurance Group of America were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RGA. Dynamic Technology Lab Private Ltd acquired a new position in Reinsurance Group of America in the second quarter valued at about $256,000. Toronto Dominion Bank lifted 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 buying an additional 83 shares during the last quarter. Shell Asset Management Co. lifted its position in Reinsurance Group of America by 8.4% in the third quarter. Shell Asset Management Co. now owns 25,761 shares of the insurance provider’s stock valued at $2,064,000 after buying an additional 1,988 shares during the last quarter. APG Asset Management N.V. lifted its position in Reinsurance Group of America by 55.3% in the third quarter. APG Asset Management N.V. now owns 23,300 shares of the insurance provider’s stock valued at $3,251,000 after buying an additional 8,300 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Reinsurance Group of America in the third quarter valued at about $600,000. 91.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. 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 set a $145.00 target price on shares of Reinsurance Group of America and gave the company a “hold” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Wells Fargo & Co reaffirmed 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. Finally, Citigroup set a $171.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a research report on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $150.43.

In other news, Director Arnoud W.A. Boot sold 400 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the sale, the director now owns 6,357 shares of the company’s stock, valued at $986,987.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $148.84, for a total transaction of $82,755.04. Following the sale, the director now directly owns 19,862 shares in the company, valued at approximately $2,956,260.08. The disclosure for this sale can be found here. Insiders have sold 1,456 shares of company stock worth $222,659 in the last three months. Corporate insiders own 1.47% of the company’s stock.

Shares of Reinsurance Group of America Inc (NYSE:RGA) opened at $156.33 on Friday. The stock has a market cap of $9,950.00, a PE ratio of 12.49, a PEG ratio of 1.38 and a beta of 0.75. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. Reinsurance Group of America’s dividend payout ratio is presently 15.97%.

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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.

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

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