Reinsurance Group of America Inc (RGA) Position Cut by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 81.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,425 shares of the insurance provider’s stock after selling 10,487 shares during the quarter. Jane Street Group LLC’s holdings in Reinsurance Group of America were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Reinsurance Group of America by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after acquiring an additional 4,100 shares during the last quarter. Trillium Asset Management LLC boosted its holdings in Reinsurance Group of America by 0.8% during the 3rd quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock valued at $19,924,000 after acquiring an additional 1,135 shares during the period. Airain ltd purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter worth $1,740,000. Marshall Wace North America L.P. purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter worth $3,080,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Reinsurance Group of America by 14.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock worth $1,310,000 after buying an additional 1,300 shares during the period. 91.44% of the stock is currently owned by institutional investors.

In other news, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the transaction, the executive vice president now owns 27,277 shares of the company’s stock, valued at $4,090,458.92. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.

RGA has been the subject of several recent research reports. Royal Bank of Canada increased their price target on Reinsurance Group of America and gave the company a “market perform” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a report on Friday, November 10th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America in a report on Thursday, October 26th. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target for the company. Finally, Citigroup set a $171.00 price target on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $141.13.

Shares of Reinsurance Group of America Inc (RGA) opened at $154.89 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $10,057.34, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.57 and a beta of 0.82. Reinsurance Group of America Inc has a one year low of $121.93 and a one year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results 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 company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. equities analysts expect that Reinsurance Group of America Inc will post 11.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.29%. Reinsurance Group of America’s dividend payout ratio (DPR) is 16.46%.

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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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