Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 473,157 shares of the insurance provider’s stock after selling 7,900 shares during the period. Diamond Hill Capital Management Inc. owned about 0.73% of Reinsurance Group of America, worth $60,749,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $701,411,000 after buying an additional 171,644 shares during the last quarter. State Street Corp boosted its stake in shares of 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 valued at $310,607,000 after buying an additional 255,846 shares during the last quarter. Boston Partners boosted its stake in shares of 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. Finally, AQR Capital Management LLC boosted its stake in shares of 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. 91.20% of the stock is owned by institutional investors.

Reinsurance Group of America, Incorporated (RGA) opened at 136.87 on Friday. The company’s 50 day moving average is $135.25 and its 200 day moving average is $129.00. The stock has a market cap of $8.83 billion, a PE ratio of 11.66 and a beta of 0.83. Reinsurance Group of America, Incorporated has a one year low of $101.08 and a one year high of $141.89.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Reinsurance Group of America,’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is presently 17.02%.

ILLEGAL ACTIVITY WARNING: “Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Diamond Hill Capital Management Inc.” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.com-unik.info/2017/08/19/reinsurance-group-of-america-incorporated-nyserga-shares-sold-by-diamond-hill-capital-management-inc-updated-updated.html.

RGA has been the topic of several recent research reports. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Friday, July 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. Jefferies Group LLC dropped their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $127.00 price objective on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $125.89.

In other news, EVP John P. Laughlin, Jr. sold 1,941 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total transaction of $273,234.57. Following the sale, the executive vice president now owns 28,218 shares in the company, valued at $3,972,247.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy T. Matson bought 500 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the acquisition, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Insiders sold 14,970 shares of company stock valued at $2,096,360 over the last 90 days. 1.47% of the stock is currently owned by corporate insiders.

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