DekaBank Deutsche Girozentrale Lowers Position in Reinsurance Group of America Inc (NYSE:RGA)

DekaBank Deutsche Girozentrale trimmed its stake in Reinsurance Group of America Inc (NYSE:RGA) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,194 shares of the insurance provider’s stock after selling 12,825 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Reinsurance Group of America were worth $1,168,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in RGA. Massachusetts Financial Services Co. MA grew its holdings in Reinsurance Group of America by 54.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 562,384 shares of the insurance provider’s stock valued at $89,914,000 after purchasing an additional 199,394 shares during the period. Boston Partners grew its holdings in Reinsurance Group of America by 5.6% in the third quarter. Boston Partners now owns 2,116,329 shares of the insurance provider’s stock valued at $338,398,000 after purchasing an additional 112,293 shares during the period. Strs Ohio grew its holdings in Reinsurance Group of America by 126.6% in the fourth quarter. Strs Ohio now owns 190,084 shares of the insurance provider’s stock valued at $30,995,000 after purchasing an additional 106,191 shares during the period. CWM LLC grew its holdings in Reinsurance Group of America by 144,095.1% in the third quarter. CWM LLC now owns 87,959 shares of the insurance provider’s stock valued at $14,063,000 after purchasing an additional 87,898 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $10,066,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

RGA has been the subject of a number of recent analyst reports. Evercore ISI downgraded shares of Reinsurance Group of America from an “in-line” rating to an “underperform” rating in a report on Tuesday, January 7th. ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on shares of Reinsurance Group of America from $147.00 to $145.00 and set an “underweight” rating for the company in a research note on Wednesday, January 29th. Citigroup decreased their price objective on shares of Reinsurance Group of America from $181.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $175.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $161.80.

RGA opened at $154.22 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.10 and a debt-to-equity ratio of 0.26. Reinsurance Group of America Inc has a 52-week low of $139.83 and a 52-week high of $169.26. The company has a 50 day moving average of $156.08 and a two-hundred day moving average of $157.81. The company has a market cap of $9.66 billion, a P/E ratio of 11.31 and a beta of 0.64.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Tuesday, January 28th. The insurance provider reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.71 by ($0.28). Reinsurance Group of America had a return on equity of 7.85% and a net margin of 6.08%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the firm earned $3.46 earnings per share. Research analysts anticipate that Reinsurance Group of America Inc will post 14.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th. This represents a $2.80 annualized dividend and a yield of 1.82%. Reinsurance Group of America’s dividend payout ratio is currently 20.97%.

In other Reinsurance Group of America news, Director Patricia Lynn Guinn acquired 2,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $144.29 per share, for a total transaction of $288,580.00. Following the completion of the purchase, the director now directly owns 3,949 shares in the company, valued at $569,801.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by insiders.

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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