Reinsurance Group of America Inc (RGA) Holdings Boosted by Daiwa SB Investments Ltd.

Daiwa SB Investments Ltd. grew its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 11.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 700 shares of the insurance provider’s stock after buying an additional 70 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Reinsurance Group of America were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of RGA. Federated Investors Inc. PA lifted its position in shares of Reinsurance Group of America by 2,249.4% during the 3rd quarter. Federated Investors Inc. PA now owns 541,432 shares of the insurance provider’s stock worth $78,269,000 after buying an additional 518,386 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Reinsurance Group of America by 4,168.7% during the 3rd 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 in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Reinsurance Group of America by 33.5% during the 3rd 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 in the last quarter. Schroder Investment Management Group lifted its position in shares of Reinsurance Group of America by 15.9% during the 2nd 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 in the last quarter. Finally, Nuance Investments LLC lifted its position in shares of Reinsurance Group of America by 27.5% during the 3rd quarter. Nuance Investments LLC now owns 551,020 shares of the insurance provider’s stock worth $79,618,000 after buying an additional 118,692 shares in the last quarter. 92.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on RGA. Royal Bank of Canada raised shares of Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a research report on Tuesday, December 11th. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a report on Thursday, October 4th. ValuEngine raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Morgan Stanley lifted their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $148.14.

NYSE:RGA opened at $148.87 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.22 billion, a P/E ratio of 13.72 and a beta of 0.73. Reinsurance Group of America Inc has a 12 month low of $127.84 and a 12 month high of $164.86.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.20 billion. As a group, sell-side analysts expect that Reinsurance Group of America Inc will post 12.09 EPS for the current year.

In other news, EVP Timothy T. Matson purchased 200 shares of Reinsurance Group of America stock in a transaction dated Wednesday, December 12th. The stock was purchased at an average cost of $137.57 per share, for a total transaction of $27,514.00. Following the transaction, the executive vice president now directly owns 4,130 shares of the company’s stock, valued at $568,164.10. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arnoud W.A. Boot sold 620 shares of the business’s 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 of the company’s stock, valued at $935,714. The disclosure for this sale can be found here. In the last three months, insiders have acquired 400 shares of company stock worth $53,620 and have sold 11,154 shares worth $1,656,950. Insiders own 0.69% of the company’s stock.

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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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Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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