Great West Life Assurance Co. Can Has $7.59 Million Stake in Reinsurance Group of America, Incorporated (RGA)

Great West Life Assurance Co. Can trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,254 shares of the insurance provider’s stock after selling 1,044 shares during the period. Great West Life Assurance Co. Can owned about 0.08% of Reinsurance Group of America worth $7,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Reinsurance Group of America by 2.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock valued at $26,127,000 after purchasing an additional 4,100 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in shares of Reinsurance Group of America by 0.8% during the third quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock valued at $19,924,000 after purchasing an additional 1,135 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Reinsurance Group of America during the second quarter valued at $3,080,000. Airain ltd purchased a new stake in shares of Reinsurance Group of America during the second quarter valued at $1,740,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Reinsurance Group of America by 14.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock valued at $1,310,000 after purchasing an additional 1,300 shares during the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Shares of Reinsurance Group of America, Incorporated (RGA) traded down $1.03 during trading on Thursday, reaching $159.79. The company had a trading volume of 267,600 shares, compared to its average volume of 321,080. The stock has a market cap of $10,357.46, a P/E ratio of 14.78, a P/E/G ratio of 1.61 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, Incorporated has a 1 year low of $121.93 and a 1 year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 EPS. research analysts forecast 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. Investors of record on Tuesday, November 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio is currently 16.46%.

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

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Reinsurance Group of America and gave the company a “market perform” rating in a report on Monday, October 30th. Citigroup set a $171.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Keefe, Bruyette & Woods reaffirmed 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 reissued a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Finally, Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $138.63.

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

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