Reinsurance Group of America, Incorporated (RGA) Stake Decreased by OxFORD Asset Management LLP

OxFORD Asset Management LLP lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,392 shares of the insurance provider’s stock after selling 2,447 shares during the period. OxFORD Asset Management LLP’s holdings in Reinsurance Group of America were worth $2,854,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RGA. IHT Wealth Management LLC raised its position in Reinsurance Group of America by 225.8% in the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock valued at $309,000 after buying an additional 140 shares during the last quarter. Toronto Dominion Bank raised its position in Reinsurance Group of America by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares during the last quarter. Acrospire Investment Management LLC raised its position in Reinsurance Group of America by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock valued at $128,000 after buying an additional 400 shares during the last quarter. D.A. Davidson & CO. raised its position in Reinsurance Group of America by 27.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock valued at $148,000 after buying an additional 248 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $167,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) traded up $0.98 during trading hours on Monday, hitting $161.86. The company’s stock had a trading volume of 344,000 shares, compared to its average volume of 320,933. The firm has a market cap of $10,424.44, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. Reinsurance Group of America, Incorporated has a 52-week low of $121.93 and a 52-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.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. equities research analysts forecast that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th were given 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 16.46%.

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $165.00 target price on shares of Reinsurance Group of America in a research report on Friday. 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $148.00 price target on shares of Reinsurance Group of America in a research report on Friday, November 10th. Wells Fargo & Company reaffirmed a “hold” rating and set a $131.00 price target on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Finally, Goldman Sachs Group began coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Reinsurance Group of America presently has a consensus rating of “Hold” and a consensus target price of $141.13.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 4,023 shares in the company, valued at $601,438.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by 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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