Trexquant Investment LP Sells 1,854 Shares of Reinsurance Group of America Inc (RGA)

Trexquant Investment LP cut its stake in Reinsurance Group of America Inc (NYSE:RGA) by 47.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,039 shares of the insurance provider’s stock after selling 1,854 shares during the quarter. Trexquant Investment LP’s holdings in Reinsurance Group of America were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGA. Captrust Financial Advisors purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $116,000. Focused Wealth Management Inc purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $156,000. Parkside Financial Bank & Trust grew its position in shares of Reinsurance Group of America by 250.4% in the fourth 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. Foster & Motley Inc. purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $207,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at $217,000. Institutional investors own 93.77% of the company’s stock.

In other news, EVP Timothy T. Matson acquired 300 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was purchased at an average cost of $149.15 per share, for a total transaction of $44,745.00. Following the acquisition, the executive vice president now owns 2,095 shares of the company’s stock, valued at $312,469.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alain Neemeh sold 2,955 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $153.66, for a total value of $454,065.30. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at $5,761,020.72. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Reinsurance Group of America stock opened at $150.70 on Thursday. Reinsurance Group of America Inc has a 52 week low of $122.37 and a 52 week high of $165.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $9.78 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.46 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, April 26th. The insurance provider reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.48 by ($0.87). Reinsurance Group of America had a return on equity of 8.04% and a net margin of 14.01%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Reinsurance Group of America’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts predict that Reinsurance Group of America Inc will post 11.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, May 7th. Reinsurance Group of America’s payout ratio is 18.45%.

Several brokerages have recently weighed in on RGA. Zacks Investment Research cut Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Wells Fargo & Co reiterated a “market perform” rating and issued a $165.00 price target (up from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Credit Suisse Group began coverage on Reinsurance Group of America in a research report on Wednesday, April 25th. They issued a “neutral” rating and a $164.00 price target for the company. Morgan Stanley reduced their target price on Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating for the company in a research report on Thursday, April 5th. Finally, UBS began coverage on Reinsurance Group of America in a research report on Friday, March 2nd. They set a “neutral” rating and a $168.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $159.78.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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