Dimensional Fund Advisors LP Has $172.37 Million Holdings in Reinsurance Group of America Inc (RGA)

Dimensional Fund Advisors LP boosted its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,192,431 shares of the insurance provider’s stock after buying an additional 60,948 shares during the period. Dimensional Fund Advisors LP owned 1.90% of Reinsurance Group of America worth $172,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Reinsurance Group of America during the second quarter worth $2,325,000. Swiss National Bank lifted its holdings in Reinsurance Group of America by 3.3% during the second quarter. Swiss National Bank now owns 213,100 shares of the insurance provider’s stock worth $28,445,000 after buying an additional 6,900 shares during the period. Fulton Bank N.A. purchased a new stake in Reinsurance Group of America during the third quarter worth $211,000. Rockefeller Capital Management L.P. lifted its holdings in Reinsurance Group of America by 33.5% during the third quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock worth $143,029,000 after buying an additional 248,223 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Reinsurance Group of America by 15.9% during the 2nd quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock valued at $35,271,000 after purchasing an additional 128,283 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.

RGA has been the subject of several analyst reports. Morgan Stanley increased their price objective on Reinsurance Group of America from $131.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, November 13th. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Credit Suisse Group decreased their price objective on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, August 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $146.00.

Shares of RGA opened at $149.38 on Friday. Reinsurance Group of America Inc has a 12 month low of $127.84 and a 12 month high of $165.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. The firm has a market cap of $9.26 billion, a PE ratio of 13.78 and a beta of 0.74.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, beating the consensus estimate of $3.29 by $0.74. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Analysts forecast that Reinsurance Group of America Inc will post 12.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 6th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 5th. This represents a $2.40 annualized dividend and a dividend yield of 1.61%. Reinsurance Group of America’s dividend payout ratio is presently 22.14%.

In related news, CFO Todd C. Larson sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total value of $672,210.00. Following the completion of the transaction, the chief financial officer now owns 31,743 shares in the company, valued at approximately $4,741,769.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arnoud W.A. Boot sold 620 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $146.00, for a total value of $90,520.00. Following the completion of the transaction, the director now owns 6,409 shares of the company’s stock, valued at approximately $935,714. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,120 shares of company stock valued at $1,058,990. Company insiders own 1.47% of the company’s stock.

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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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