Reinsurance Group of America Inc (RGA) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,226 shares of the insurance provider’s stock after selling 777 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Reinsurance Group of America were worth $1,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gotham Asset Management LLC grew its position in Reinsurance Group of America by 3.2% in the second quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock worth $230,000 after buying an additional 56 shares during the last quarter. Toronto Dominion Bank grew its position in Reinsurance Group of America by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Reinsurance Group of America by 2.3% in the second quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the insurance provider’s stock worth $575,000 after buying an additional 101 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Reinsurance Group of America by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 32,595 shares of the insurance provider’s stock worth $4,184,000 after buying an additional 330 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Reinsurance Group of America by 3.4% in the third quarter. Stifel Financial Corp now owns 10,220 shares of the insurance provider’s stock worth $1,428,000 after buying an additional 337 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

In related news, EVP John P. Laughlin, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the transaction, the executive vice president now owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.47% of the company’s stock.

Reinsurance Group of America Inc (NYSE:RGA) opened at $153.12 on Thursday. Reinsurance Group of America Inc has a 52 week low of $121.93 and a 52 week high of $165.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market cap of $9,762.54, a P/E ratio of 13.96, a P/E/G ratio of 1.35 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.24). Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the business posted $2.92 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts forecast that Reinsurance Group of America Inc will post 12.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, February 7th. Reinsurance Group of America’s dividend payout ratio is 7.22%.

Several research firms have issued reports on RGA. Royal Bank of Canada restated a “hold” rating and issued a $165.00 price target on shares of Reinsurance Group of America in a research report on Friday, December 8th. Wells Fargo & Co restated a “market perform” rating and issued a $165.00 price target (up previously from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup set a $171.00 price target on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 price target on shares of Reinsurance Group of America in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Reinsurance Group of America has an average rating of “Hold” and a consensus price target of $150.43.

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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.

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

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