Reinsurance Group of America, Incorporated (RGA) Position Maintained by First Heartland Consultants Inc.

First Heartland Consultants Inc. held its position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,085 shares of the insurance provider’s stock at the end of the second quarter. First Heartland Consultants Inc.’s holdings in Reinsurance Group of America, were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RGA. BlackRock Inc. boosted its position 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 valued at $770,008,000 after buying an additional 5,901,447 shares during the last quarter. Janus Capital Management LLC boosted its position in Reinsurance Group of America, by 564.5% in the first quarter. Janus Capital Management LLC now owns 451,200 shares of the insurance provider’s stock valued at $57,293,000 after buying an additional 383,300 shares during the last quarter. AQR Capital Management LLC boosted its position 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 valued at $197,084,000 after buying an additional 331,580 shares during the last quarter. Morgan Stanley boosted its position in Reinsurance Group of America, by 249.6% in the first quarter. Morgan Stanley now owns 441,057 shares of the insurance provider’s stock valued at $56,006,000 after buying an additional 314,893 shares during the last quarter. Finally, Boston Partners boosted its position in Reinsurance Group of America, by 12.2% in the first quarter. Boston Partners now owns 2,427,710 shares of the insurance provider’s stock valued at $308,271,000 after buying an additional 263,746 shares during the last quarter. 92.60% of the stock is owned by institutional investors.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 138.49 on Friday. The firm has a 50 day moving average of $133.58 and a 200-day moving average of $128.50. Reinsurance Group of America, Incorporated has a 52 week low of $100.52 and a 52 week high of $141.89. The stock has a market capitalization of $8.93 billion, a PE ratio of 11.80 and a beta of 0.83.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be issued a dividend of $0.50 per share. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, August 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.

TRADEMARK VIOLATION NOTICE: “Reinsurance Group of America, Incorporated (RGA) Position Maintained by First Heartland Consultants Inc.” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/08/12/first-heartland-consultants-inc-continues-to-hold-stake-in-reinsurance-group-of-america-incorporated-rga-updated.html.

RGA has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Friday, July 7th. Jefferies Group LLC cut their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America, currently has a consensus rating of “Hold” and a consensus price target of $125.89.

In other news, EVP William L. Hutton sold 4,339 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $140.42, for a total transaction of $609,282.38. Following the completion of the sale, the executive vice president now owns 18,624 shares of the company’s stock, valued at $2,615,182.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alain Neemeh sold 7,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $139.69, for a total transaction of $1,047,675.00. Following the completion of the sale, the executive vice president now directly owns 43,292 shares of the company’s stock, valued at approximately $6,047,459.48. The disclosure for this sale can be found here. Insiders have sold 12,589 shares of company stock valued at $1,761,582 in the last ninety days. Insiders own 1.47% of the company’s stock.

Reinsurance Group of America, Company Profile

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.

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

What are top analysts saying about Reinsurance Group of America Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Reinsurance Group of America Incorporated and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit