Macquarie Group Ltd. Has $30.53 Million Position in Reinsurance Group of America, Incorporated (RGA)

Macquarie Group Ltd. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 32.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,802 shares of the insurance provider’s stock after acquiring an additional 58,818 shares during the quarter. Macquarie Group Ltd. owned 0.37% of Reinsurance Group of America, worth $30,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RGA. Acrospire Investment Management LLC increased its position in Reinsurance Group of America, by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares during the period. D.A. Davidson & CO. increased its position in Reinsurance Group of America, by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 248 shares during the period. Pacad Investment Ltd. acquired a new stake in Reinsurance Group of America, in the 2nd quarter valued at approximately $167,000. BB&T Securities LLC acquired a new stake in Reinsurance Group of America, in the 1st quarter valued at approximately $207,000. Finally, IFP Advisors Inc acquired a new stake in Reinsurance Group of America, in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) opened at 141.06 on Tuesday. Reinsurance Group of America, Incorporated has a 12 month low of $106.68 and a 12 month high of $142.98. The stock’s 50 day moving average price is $136.12 and its 200 day moving average price is $131.00. The firm has a market capitalization of $9.10 billion, a PE ratio of 12.02 and a beta of 0.85.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that Reinsurance Group of America, Incorporated will post $10.22 earnings per share for the current fiscal year.

Several research firms recently commented on RGA. Royal Bank Of Canada restated a “hold” rating and issued a $134.00 target price on shares of Reinsurance Group of America, in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $130.00.

In other Reinsurance Group of America, news, EVP William L. Hutton sold 4,339 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total transaction of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Rose Detrick sold 750 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total value of $104,625.00. Following the transaction, the director now directly owns 4,682 shares in the company, valued at approximately $653,139. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,970 shares of company stock worth $2,096,360. Company insiders own 1.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Macquarie Group Ltd. Has $30.53 Million Position in Reinsurance Group of America, Incorporated (RGA)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/macquarie-group-ltd-has-30-53-million-position-in-reinsurance-group-of-america-incorporated-rga-2.html.

Reinsurance Group of America, Profile

Reinsurance Group of America, In

A number of other institutional investors and hedge funds have also bought and sold shares of RGA. Acrospire Investment Management LLC increased its position in Reinsurance Group of America, by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after acquiring an additional 400 shares during the period. D.A. Davidson & CO. increased its position in Reinsurance Group of America, by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after acquiring an additional 248 shares during the period. Pacad Investment Ltd. acquired a new stake in Reinsurance Group of America, in the 2nd quarter valued at approximately $167,000. BB&T Securities LLC acquired a new stake in Reinsurance Group of America, in the 1st quarter valued at approximately $207,000. Finally, IFP Advisors Inc acquired a new stake in Reinsurance Group of America, in the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) opened at 141.06 on Tuesday. Reinsurance Group of America, Incorporated has a 12 month low of $106.68 and a 12 month high of $142.98. The stock’s 50 day moving average price is $136.12 and its 200 day moving average price is $131.00. The firm has a market capitalization of $9.10 billion, a PE ratio of 12.02 and a beta of 0.85.

Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that Reinsurance Group of America, Incorporated will post $10.22 earnings per share for the current fiscal year.

Several research firms recently commented on RGA. Royal Bank Of Canada restated a “hold” rating and issued a $134.00 target price on shares of Reinsurance Group of America, in a research report on Tuesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Tuesday, August 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $130.00.

In other Reinsurance Group of America, news, EVP William L. Hutton sold 4,339 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $140.42, for a total transaction of $609,282.38. Following the transaction, the executive vice president now owns 18,624 shares of the company’s stock, valued at approximately $2,615,182.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine Rose Detrick sold 750 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total value of $104,625.00. Following the transaction, the director now directly owns 4,682 shares in the company, valued at approximately $653,139. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,970 shares of company stock worth $2,096,360. Company insiders own 1.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Macquarie Group Ltd. Has $30.53 Million Position in Reinsurance Group of America, Incorporated (RGA)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/macquarie-group-ltd-has-30-53-million-position-in-reinsurance-group-of-america-incorporated-rga-2.html.

Reinsurance Group of America, Profile

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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