1,940 Shares in Reinsurance Group of America, Incorporated (RGA) Purchased by Invictus RG

Invictus RG acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,940 shares of the insurance provider’s stock, valued at approximately $271,000.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank increased 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 worth $101,000 after purchasing an additional 83 shares during the period. Acrospire Investment Management LLC boosted its holdings in Reinsurance Group of America by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after buying an additional 400 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Reinsurance Group of America by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after buying an additional 248 shares during the last quarter. Pacad Investment Ltd. bought a new position in Reinsurance Group of America during the second quarter worth about $167,000. Finally, Halsey Associates Inc. CT bought a new position in Reinsurance Group of America during the third quarter worth about $205,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

A number of equities analysts have issued reports on RGA shares. Royal Bank Of Canada raised their target price on Reinsurance Group of America and gave the stock a “market perform” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America in a report on Friday, November 10th. Wells Fargo & Company restated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Goldman Sachs Group started coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock. Finally, Citigroup set a $171.00 target price on Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $138.63.

Reinsurance Group of America, Incorporated (RGA) traded up $1.09 during trading hours on Friday, hitting $160.88. The stock had a trading volume of 263,500 shares, compared to its average volume of 320,836. Reinsurance Group of America, Incorporated has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $10,291.12, a PE ratio of 14.69, a PEG ratio of 1.60 and a beta of 0.82.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business posted $2.46 EPS. Reinsurance Group of America’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 16.46%.

In other news, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the transaction, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $149.96, for a total value of $149,960.00. Following the transaction, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

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Reinsurance Group of America Company 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.

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

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