Trexquant Investment LP lifted its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 4.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,668 shares of the insurance provider’s stock after purchasing an additional 407 shares during the period. Trexquant Investment LP’s holdings in Reinsurance Group of America were worth $1,231,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC purchased a new position in shares of Reinsurance Group of America during the 1st quarter valued at $29,000. Riverview Trust Co purchased a new position in shares of Reinsurance Group of America during the 4th quarter valued at $32,000. FTB Advisors Inc. lifted its stake in shares of Reinsurance Group of America by 43.4% during the 4th quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $44,000 after buying an additional 99 shares in the last quarter. JOYN Advisors Inc. lifted its stake in shares of Reinsurance Group of America by 68.9% during the 4th quarter. JOYN Advisors Inc. now owns 434 shares of the insurance provider’s stock valued at $61,000 after buying an additional 177 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Reinsurance Group of America by 16.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock valued at $91,000 after buying an additional 91 shares in the last quarter. Institutional investors own 92.05% of the company’s stock.
A number of research firms recently weighed in on RGA. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. UBS Group lifted their target price on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $142.17.
In other Reinsurance Group of America news, EVP Alain Neemeh sold 3,668 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $148.00, for a total value of $542,864.00. Following the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $5,548,816. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.
Shares of RGA stock opened at $153.45 on Friday. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 12.66 and a beta of 0.66. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $153.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.
Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.61 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.02). The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. As a group, equities analysts expect that Reinsurance Group of America Inc will post 13.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 9th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, May 8th. Reinsurance Group of America’s payout ratio is currently 19.80%.
TRADEMARK VIOLATION NOTICE: “Trexquant Investment LP Has $1.23 Million Position in Reinsurance Group of America Inc (NYSE:RGA)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2019/06/16/trexquant-investment-lp-has-1-23-million-position-in-reinsurance-group-of-america-inc-nyserga.html.
Reinsurance Group of America Company 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.
See Also: What are Institutional Investors?
Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).
Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.