Eagle Asset Management Inc. Grows Position in Reinsurance Group of America Inc (RGA)

Eagle Asset Management Inc. boosted its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,841 shares of the insurance provider’s stock after purchasing an additional 2,194 shares during the period. Eagle Asset Management Inc.’s holdings in Reinsurance Group of America were worth $2,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Reinsurance Group of America by 4.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,671 shares of the insurance provider’s stock valued at $1,157,000 after buying an additional 385 shares in the last quarter. Eagle Boston Investment Management Inc. raised its holdings in Reinsurance Group of America by 19.2% during the second quarter. Eagle Boston Investment Management Inc. now owns 2,439 shares of the insurance provider’s stock valued at $325,000 after buying an additional 393 shares in the last quarter. US Bancorp DE raised its holdings in Reinsurance Group of America by 2.7% during the second quarter. US Bancorp DE now owns 15,050 shares of the insurance provider’s stock valued at $2,009,000 after buying an additional 393 shares in the last quarter. Arizona State Retirement System raised its holdings in Reinsurance Group of America by 0.9% during the third quarter. Arizona State Retirement System now owns 45,199 shares of the insurance provider’s stock valued at $6,534,000 after buying an additional 402 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in Reinsurance Group of America by 10.4% during the third quarter. GHP Investment Advisors Inc. now owns 4,484 shares of the insurance provider’s stock valued at $648,000 after buying an additional 424 shares in the last quarter. 93.17% of the stock is owned by hedge funds and other institutional investors.

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

Several equities analysts have weighed in on RGA shares. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Monday, July 30th. Credit Suisse Group cut their target price on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Monday, August 20th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Morgan Stanley raised their target price on Reinsurance Group of America from $131.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Reinsurance Group of America has an average rating of “Hold” and an average target price of $146.00.

Reinsurance Group of America stock opened at $146.10 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $9.17 billion, a PE ratio of 13.48 and a beta of 0.74. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.74. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. Analysts anticipate that Reinsurance Group of America Inc will post 12.16 EPS for the current year.

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

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Reinsurance Group of America Company 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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