Reinsurance Group of America Inc (NYSE:RGA) Stock Position Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 54.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 562,384 shares of the insurance provider’s stock after buying an additional 199,394 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Reinsurance Group of America were worth $89,914,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Next Capital Management LLC bought a new position in Reinsurance Group of America in the 2nd quarter worth about $28,000. Usca Ria LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter worth approximately $28,000. First Interstate Bank acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter worth approximately $29,000. Motco acquired a new stake in shares of Reinsurance Group of America in the 2nd quarter worth approximately $31,000. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Reinsurance Group of America by 50.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 100 shares during the period. 92.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Alka Gautam sold 2,573 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.86, for a total transaction of $426,757.78. Following the completion of the sale, the chief executive officer now directly owns 11,082 shares of the company’s stock, valued at $1,838,060.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William L. Hutton sold 1,500 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $158.15, for a total transaction of $237,225.00. Following the sale, the executive vice president now directly owns 16,239 shares of the company’s stock, valued at $2,568,197.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,773 shares of company stock valued at $1,581,905. Company insiders own 0.78% of the company’s stock.

A number of brokerages have recently weighed in on RGA. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $144.00 to $146.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada set a $170.00 price target on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group reduced their price target on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. ValuEngine lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Citigroup upped their price target on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $162.20.

Shares of NYSE:RGA traded down $0.01 during trading on Friday, reaching $165.83. The company had a trading volume of 3,769 shares, compared to its average volume of 256,429. The firm’s fifty day moving average is $159.59 and its 200 day moving average is $154.65. The firm has a market capitalization of $10.47 billion, a PE ratio of 13.70 and a beta of 0.65. Reinsurance Group of America Inc has a twelve month low of $129.17 and a twelve month high of $169.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.42 by $0.60. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business posted $4.03 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts predict that Reinsurance Group of America Inc will post 13.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 8th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 1.69%. Reinsurance Group of America’s dividend payout ratio is currently 23.10%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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