Halsey Associates Inc. CT Takes $205,000 Position in Reinsurance Group of America, Incorporated (RGA)

Halsey Associates Inc. CT acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,468 shares of the insurance provider’s stock, valued at approximately $205,000.

Other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in shares of Reinsurance Group of America, by 225.8% during the 2nd quarter. IHT Wealth Management LLC now owns 202 shares of the insurance provider’s stock worth $309,000 after buying an additional 140 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Reinsurance Group of America, by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Reinsurance Group of America, by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after buying an additional 400 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Reinsurance Group of America, by 27.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after buying an additional 248 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of Reinsurance Group of America, during the 2nd quarter worth about $167,000. Institutional investors own 91.74% of the company’s stock.

RGA has been the subject of a number of recent research reports. Royal Bank Of Canada set a $134.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Reinsurance Group of America, in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price for the company. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $135.25.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) traded up $1.05 during trading hours on Monday, reaching $150.37. 334,200 shares of the company traded hands, compared to its average volume of 313,517. Reinsurance Group of America, Incorporated has a twelve month low of $120.31 and a twelve month high of $152.19. The firm has a market cap of $9,684.44, a P/E ratio of 13.82, a P/E/G ratio of 1.51 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, (NYSE:RGA) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be issued a $0.50 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.33%. Reinsurance Group of America,’s dividend payout ratio is currently 16.46%.

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In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $149.96, for a total value 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 SEC, which can be accessed through this hyperlink. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of 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 corporate insiders.

About Reinsurance Group of America,

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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