Decatur Capital Management Inc. Reduces Position in Reinsurance Group of America Inc (NYSE:RGA)

Decatur Capital Management Inc. lessened its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,626 shares of the insurance provider’s stock after selling 775 shares during the period. Decatur Capital Management Inc.’s holdings in Reinsurance Group of America were worth $5,403,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GYL Financial Synergies LLC purchased a new stake in Reinsurance Group of America during the 1st quarter worth approximately $249,000. Crossmark Global Holdings Inc. grew its position in Reinsurance Group of America by 9.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,866 shares of the insurance provider’s stock worth $975,000 after purchasing an additional 590 shares during the last quarter. California Public Employees Retirement System grew its position in Reinsurance Group of America by 16.4% during the 1st quarter. California Public Employees Retirement System now owns 438,625 shares of the insurance provider’s stock worth $62,276,000 after purchasing an additional 61,667 shares during the last quarter. Toronto Dominion Bank grew its position in Reinsurance Group of America by 31.9% during the 1st quarter. Toronto Dominion Bank now owns 11,305 shares of the insurance provider’s stock worth $1,605,000 after purchasing an additional 2,731 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Reinsurance Group of America by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the insurance provider’s stock worth $2,385,000 after purchasing an additional 100 shares during the last quarter. 91.93% of the stock is currently owned by institutional investors.

NYSE RGA traded down $0.78 on Friday, hitting $151.38. 196,157 shares of the company’s stock traded hands, compared to its average volume of 269,146. The company has a quick ratio of 0.12, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a 1-year low of $127.84 and a 1-year high of $163.46. The stock’s 50-day moving average price is $156.43. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 12.49 and a beta of 0.67.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $3.31 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a net margin of 5.85% and a return on equity of 9.19%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the firm posted $3.10 earnings per share. As a group, equities research analysts forecast that Reinsurance Group of America Inc will post 13.03 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 7th. Reinsurance Group of America’s payout ratio is 19.80%.

In other Reinsurance Group of America news, EVP Alain Neemeh sold 3,668 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $148.00, for a total transaction of $542,864.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $5,548,816. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 3,000 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $156.81, for a total transaction of $470,430.00. Following the sale, the executive vice president now owns 35,097 shares of the company’s stock, valued at $5,503,560.57. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Royal Bank of Canada set a $170.00 target price on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Morgan Stanley boosted their target price on shares of Reinsurance Group of America from $142.00 to $144.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $153.60.

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.

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

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