16,474 Shares in Reinsurance Group of America Inc (NYSE:RGA) Acquired by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Reinsurance Group of America Inc (NYSE:RGA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,474 shares of the insurance provider’s stock, valued at approximately $2,298,000.

A number of other hedge funds have also modified their holdings of RGA. Janus Henderson Group PLC lifted its position in shares of Reinsurance Group of America by 9,358.1% in the second quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock valued at $70,734,000 after acquiring an additional 545,110 shares in the last quarter. AJO LP lifted its position in shares of Reinsurance Group of America by 30.2% in the second quarter. AJO LP now owns 1,748,038 shares of the insurance provider’s stock valued at $224,431,000 after acquiring an additional 405,008 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Reinsurance Group of America by 65.9% in the third quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock valued at $110,504,000 after acquiring an additional 314,479 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Reinsurance Group of America by 383.4% in the third quarter. BNP Paribas Arbitrage SA now owns 270,749 shares of the insurance provider’s stock valued at $37,778,000 after acquiring an additional 214,738 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in shares of Reinsurance Group of America by 1,577.6% in the second quarter. Balyasny Asset Management LLC now owns 192,355 shares of the insurance provider’s stock valued at $24,696,000 after acquiring an additional 180,889 shares in the last quarter. Institutional investors own 91.49% of the company’s stock.

Shares of Reinsurance Group of America Inc (RGA) traded up $0.32 during trading on Friday, reaching $163.98. The company had a trading volume of 240,112 shares, compared to its average volume of 314,089. Reinsurance Group of America Inc has a 52-week low of $121.93 and a 52-week high of $165.12. The stock has a market capitalization of $10,560.00, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the business posted $2.46 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. equities analysts predict that Reinsurance Group of America Inc will post 11.07 EPS for the current fiscal year.

Several equities analysts have recently weighed in on RGA shares. Citigroup set a $171.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 target price on the stock in a research report on Thursday, January 4th. Goldman Sachs Group started coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Royal Bank of Canada set a $145.00 target price on Reinsurance Group of America and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $146.88.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 500 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the completion of the sale, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the sale, the director now directly owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,159 shares of company stock worth $326,281. 1.76% of the stock is currently owned by company insiders.

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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.

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

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