Fmr LLC Has $304.02 Million Holdings in Reinsurance Group of America Inc (RGA)

Fmr LLC reduced its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 10.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,103,056 shares of the insurance provider’s stock after selling 258,126 shares during the quarter. Fmr LLC’s holdings in Reinsurance Group of America were worth $304,018,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RGA. Voya Investment Management LLC increased its stake in Reinsurance Group of America by 1,282.4% during the 2nd quarter. Voya Investment Management LLC now owns 722,721 shares of the insurance provider’s stock valued at $96,468,000 after purchasing an additional 670,441 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Reinsurance Group of America by 4,168.7% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 516,642 shares of the insurance provider’s stock valued at $74,686,000 after purchasing an additional 504,539 shares in the last quarter. Nuance Investments LLC increased its stake in Reinsurance Group of America by 432.1% during the 2nd quarter. Nuance Investments LLC now owns 432,328 shares of the insurance provider’s stock valued at $57,707,000 after purchasing an additional 351,078 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Reinsurance Group of America by 33.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock valued at $143,029,000 after purchasing an additional 248,223 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

Shares of RGA stock opened at $149.38 on Monday. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $165.12. The company has a market capitalization of $9.38 billion, a PE ratio of 13.78 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.74. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Equities research analysts anticipate that Reinsurance Group of America Inc will post 12.16 EPS for the current fiscal year.

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

A number of analysts have weighed in on the stock. Credit Suisse Group reduced their price objective on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Morgan Stanley raised their price objective on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $146.00.

In other news, EVP John P. Laughlin, Jr. sold 2,000 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $148.13, for a total value of $296,260.00. Following the completion of the sale, the executive vice president now directly owns 30,169 shares in the company, valued at $4,468,933.97. 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 Reinsurance Group of America stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $146.00, for a total transaction of $90,520.00. Following the completion of the sale, the director now owns 6,409 shares of the company’s stock, valued at $935,714. The disclosure for this sale can be found here. Insiders sold 7,120 shares of company stock valued at $1,058,990 over the last quarter. Company insiders own 1.47% of the company’s stock.

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Reinsurance Group of America 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.

Further Reading: Institutional Investors

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).

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

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