Lombard Odier Asset Management Switzerland SA boosted its stake in Reinsurance Group of America Inc (NYSE:RGA) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,241 shares of the insurance provider’s stock after acquiring an additional 379 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Reinsurance Group of America were worth $1,285,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD raised its position in Reinsurance Group of America by 103.3% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,441 shares of the insurance provider’s stock worth $5,526,000 after buying an additional 18,008 shares during the last quarter. Invictus RG bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $271,000. Pensionfund Sabic bought a new position in shares of Reinsurance Group of America during the 4th quarter valued at approximately $1,559,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $2,298,000. Finally, BlackRock Inc. grew its stake in shares of Reinsurance Group of America by 0.7% during the 4th quarter. BlackRock Inc. now owns 5,904,800 shares of the insurance provider’s stock valued at $920,736,000 after acquiring an additional 42,031 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Several research analysts have weighed in on the company. Royal Bank of Canada restated a “hold” rating and issued a $165.00 price target on shares of Reinsurance Group of America in a research note on Friday, December 8th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $165.00 price objective (up from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Zacks Investment Research lowered Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Monday. UBS Group initiated coverage on Reinsurance Group of America in a research report on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price objective on the stock. Finally, Citigroup set a $171.00 price target on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $152.63.
In other news, EVP John P. Laughlin, Jr. sold 500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $148.84, for a total value of $82,755.04. Following the transaction, the director now directly owns 19,862 shares of the company’s stock, valued at $2,956,260.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,456 shares of company stock worth $222,659. 1.76% of the stock is currently owned by company insiders.
Shares of Reinsurance Group of America Inc (RGA) traded down $0.90 during mid-day trading on Wednesday, reaching $158.24. The company had a trading volume of 261,195 shares, compared to its average volume of 334,102. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $10,190.00, a PE ratio of 13.20, a P/E/G ratio of 1.42 and a beta of 0.75. Reinsurance Group of America Inc has a 52 week low of $121.93 and a 52 week high of $165.12.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.24). The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 earnings per share. research analysts anticipate that Reinsurance Group of America Inc will post 12.5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Reinsurance Group of America’s payout ratio is 16.68%.
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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.
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