Evanston Investments Inc. dba Evanston Advisors Sells 875 Shares of Reinsurance Group of America, Incorporated (RGA)

Evanston Investments Inc. dba Evanston Advisors lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,018 shares of the insurance provider’s stock after selling 875 shares during the period. Reinsurance Group of America accounts for 2.0% of Evanston Investments Inc. dba Evanston Advisors’ investment portfolio, making the stock its 14th largest position. Evanston Investments Inc. dba Evanston Advisors owned 0.09% of Reinsurance Group of America worth $8,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Reinsurance Group of America by 5.2% in the 2nd quarter. US Bancorp DE now owns 13,995 shares of the insurance provider’s stock valued at $1,797,000 after purchasing an additional 691 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Reinsurance Group of America by 47.1% during the second quarter. APG Asset Management N.V. now owns 15,000 shares of the insurance provider’s stock worth $1,926,000 after buying an additional 4,800 shares during the period. ING Groep NV acquired a new position in shares of Reinsurance Group of America during the second quarter worth approximately $1,006,000. Aviance Capital Partners LLC boosted its position in shares of Reinsurance Group of America by 2.8% during the second quarter. Aviance Capital Partners LLC now owns 5,830 shares of the insurance provider’s stock worth $748,000 after buying an additional 159 shares during the period. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of Reinsurance Group of America during the second quarter worth approximately $244,000. 91.74% of the stock is currently owned by institutional investors.

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

Several equities analysts have recently issued reports on the company. Citigroup Inc. set a $171.00 price objective on Reinsurance Group of America and gave the stock 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 $157.00 price objective for the company in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $137.00 price objective on shares of Reinsurance Group of America in a research report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $134.00 price objective on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Finally, Goldman Sachs Group Inc began 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 for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $138.63.

Reinsurance Group of America, Incorporated (NYSE:RGA) traded up $6.25 on Monday, reaching $158.59. The company’s stock had a trading volume of 556,300 shares, compared to its average volume of 314,022. The firm has a market capitalization of $10,213.83, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.59 and a beta of 0.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. Reinsurance Group of America, Incorporated has a 12-month low of $120.81 and a 12-month high of $159.30.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 earnings per share. research analysts predict that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Reinsurance Group of America’s dividend payout ratio (DPR) is 16.46%.

WARNING: “Evanston Investments Inc. dba Evanston Advisors Sells 875 Shares of Reinsurance Group of America, Incorporated (RGA)” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://transcriptdaily.com/2017/11/27/evanston-investments-inc-dba-evanston-advisors-sells-875-shares-of-reinsurance-group-of-america-incorporated-rga.html.

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)

Receive News & Ratings for Reinsurance Group of America Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply