APG Asset Management N.V. Decreases Holdings in Reinsurance Group of America Inc (RGA)

APG Asset Management N.V. lowered its position in Reinsurance Group of America Inc (NYSE:RGA) by 32.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,800 shares of the insurance provider’s stock after selling 7,500 shares during the period. APG Asset Management N.V.’s holdings in Reinsurance Group of America were worth $2,052,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RGA. PNC Financial Services Group Inc. lifted its holdings in Reinsurance Group of America by 2.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the insurance provider’s stock valued at $575,000 after purchasing an additional 101 shares in the last quarter. Stifel Financial Corp lifted its holdings in Reinsurance Group of America by 31.2% in the 2nd quarter. Stifel Financial Corp now owns 9,883 shares of the insurance provider’s stock valued at $1,266,000 after purchasing an additional 2,351 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Reinsurance Group of America by 9,358.1% in the 2nd quarter. Janus Henderson Group PLC now owns 550,935 shares of the insurance provider’s stock valued at $70,734,000 after purchasing an additional 545,110 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in Reinsurance Group of America by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock valued at $230,000 after purchasing an additional 56 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Reinsurance Group of America by 31.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,204 shares of the insurance provider’s stock valued at $411,000 after purchasing an additional 766 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

In other news, EVP John P. Laughlin, Jr. sold 500 shares of Reinsurance Group of America stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.76% of the stock is owned by insiders.

Reinsurance Group of America Inc (NYSE:RGA) opened at $153.12 on Thursday. Reinsurance Group of America Inc has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9,900.00, a price-to-earnings ratio of 5.53, a PEG ratio of 1.36 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the prior year, the firm earned $2.92 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. research analysts expect that Reinsurance Group of America Inc will post 12.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Reinsurance Group of America’s dividend payout ratio is presently 7.22%.

A number of brokerages have weighed in on RGA. Royal Bank of Canada restated a “hold” rating and issued a $165.00 price objective on shares of Reinsurance Group of America in a report on Friday, December 8th. Wells Fargo & Co restated a “market perform” rating and issued a $165.00 price objective (up previously from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Zacks Investment Research lowered Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Reinsurance Group of America has an average rating of “Hold” and an average price target of $150.43.

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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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