American International Group Inc. Has $18.71 Million Stake in Reinsurance Group of America Inc (RGA)

American International Group Inc. reduced its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,415 shares of the insurance provider’s stock after selling 446 shares during the period. American International Group Inc. owned 0.21% of Reinsurance Group of America worth $18,708,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RGA. Voya Investment Management LLC boosted its holdings in shares of Reinsurance Group of America by 1,282.4% during the second quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock worth $96,468,000 after purchasing an additional 670,441 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Reinsurance Group of America by 4,168.7% in the third quarter. Public Employees Retirement Association of Colorado now owns 516,642 shares of the insurance provider’s stock worth $74,686,000 after buying an additional 504,539 shares during the period. Nuance Investments LLC lifted its holdings in Reinsurance Group of America by 432.1% in the second quarter. Nuance Investments LLC now owns 432,328 shares of the insurance provider’s stock worth $57,707,000 after buying an additional 351,078 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Reinsurance Group of America by 33.5% in the third quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock worth $143,029,000 after buying an additional 248,223 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in Reinsurance Group of America by 15.9% in the second quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock worth $35,271,000 after buying an additional 128,283 shares during the period. Institutional investors own 93.17% of the company’s stock.

RGA has been the subject of several research analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $150.00 price objective on shares of Reinsurance Group of America in a report on Friday, July 27th. Morgan Stanley raised their price objective on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group lowered their price objective on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $146.00.

In related news, Director Arnoud W.A. Boot sold 620 shares of Reinsurance Group of America stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $146.00, for a total transaction of $90,520.00. Following the transaction, the director now owns 6,409 shares in the company, valued at approximately $935,714. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd C. Larson sold 4,500 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total transaction of $672,210.00. Following the completion of the sale, the chief financial officer now owns 31,743 shares in the company, valued at approximately $4,741,769.34. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Shares of RGA opened at $146.10 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a one year low of $127.84 and a one year high of $165.12. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 13.48 and a beta of 0.74.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $0.74. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.20 billion. Sell-side analysts predict that Reinsurance Group of America Inc will post 12.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, November 5th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 22.14%.

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About Reinsurance Group of America

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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