Credit Suisse AG Acquires 25,604 Shares of Reinsurance Group of America Inc (RGA)

Credit Suisse AG boosted its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 133,838 shares of the insurance provider’s stock after buying an additional 25,604 shares during the quarter. Credit Suisse AG owned 0.21% of Reinsurance Group of America worth $19,348,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Robecosam AG purchased a new position in Reinsurance Group of America during the 2nd quarter worth approximately $133,000. Iberiabank Corp purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $205,000. Fulton Bank N.A. purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $211,000. Raymond James Financial Services Advisors Inc. purchased a new position in Reinsurance Group of America during the 2nd quarter worth approximately $218,000. Finally, Twin Tree Management LP purchased a new position in Reinsurance Group of America during the 3rd quarter worth approximately $243,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Several equities analysts have weighed in on RGA shares. Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Credit Suisse Group lowered their price objective on shares of Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. One equities 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 company currently has a consensus rating of “Hold” and a consensus price target of $146.00.

In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 620 shares of Reinsurance Group of America stock in a transaction on Tuesday, November 6th. The shares were 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 approximately $935,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd C. Larson sold 4,500 shares of Reinsurance Group of America stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $149.38, for a total transaction of $672,210.00. Following the sale, the chief financial officer now directly owns 31,743 shares of the company’s stock, valued at approximately $4,741,769.34. The disclosure for this sale can be found here. Insiders have sold a total of 11,154 shares of company stock valued at $1,656,950 in the last three months. Company insiders own 0.69% of the company’s stock.

Shares of NYSE:RGA opened at $150.26 on Tuesday. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 13.86 and a beta of 0.73. Reinsurance Group of America Inc has a 12-month low of $127.84 and a 12-month high of $164.86. 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 issued its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $0.74. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. Equities analysts forecast that Reinsurance Group of America Inc will post 12.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, November 5th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 22.14%.

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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.

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

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