Alliancebernstein L.P. Sells 19,930 Shares of Reinsurance Group of America, Incorporated (RGA)

Alliancebernstein L.P. cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 685,980 shares of the insurance provider’s stock after selling 19,930 shares during the period. Alliancebernstein L.P. owned approximately 1.06% of Reinsurance Group of America, worth $88,073,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider’s stock worth $770,008,000 after purchasing an additional 5,901,447 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Reinsurance Group of America, by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,523,791 shares of the insurance provider’s stock worth $701,411,000 after purchasing an additional 171,644 shares in the last quarter. State Street Corp boosted its holdings in Reinsurance Group of America, by 11.7% in the first quarter. State Street Corp now owns 2,446,204 shares of the insurance provider’s stock worth $310,607,000 after purchasing an additional 255,846 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Reinsurance Group of America, by 27.2% in the first quarter. AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider’s stock worth $197,084,000 after purchasing an additional 331,580 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Reinsurance Group of America, by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,113,665 shares of the insurance provider’s stock worth $142,984,000 after purchasing an additional 4,291 shares in the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.

A number of brokerages recently issued reports on RGA. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $137.00 price objective on shares of Reinsurance Group of America, in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $134.00 target price on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $125.89.

In other Reinsurance Group of America, news, Director Alan C. Henderson sold 440 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $139.87, for a total value of $61,542.80. Following the completion of the sale, the director now owns 20,418 shares in the company, valued at approximately $2,855,865.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Rose Detrick sold 750 shares of Reinsurance Group of America, stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $139.50, for a total transaction of $104,625.00. Following the completion of the sale, the director now owns 4,682 shares of the company’s stock, valued at approximately $653,139. The disclosure for this sale can be found here. Insiders sold a total of 14,970 shares of company stock valued at $2,096,360 in the last quarter. Corporate insiders own 1.47% of the company’s stock.

Reinsurance Group of America, Incorporated (RGA) opened at 133.72 on Tuesday. The stock’s 50 day moving average is $136.51 and its 200-day moving average is $129.60. Reinsurance Group of America, Incorporated has a 12 month low of $105.57 and a 12 month high of $141.89. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 11.39 and a beta of 0.83.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, July 27th. The insurance provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. Reinsurance Group of America,’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were paid a $0.50 dividend. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, August 4th. This represents a $2.00 annualized dividend and a yield of 1.50%. Reinsurance Group of America,’s payout ratio is 17.02%.

TRADEMARK VIOLATION WARNING: “Alliancebernstein L.P. Sells 19,930 Shares of Reinsurance Group of America, Incorporated (RGA)” was reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2017/09/12/alliancebernstein-l-p-sells-19930-shares-of-reinsurance-group-of-america-incorporated-rga.html.

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.

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, Incorporated (NYSE:RGA).

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

Receive News & Ratings for Reinsurance Group of America Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply