Reinsurance Group of America Inc (RGA) Stake Raised by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC boosted its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,256 shares of the insurance provider’s stock after purchasing an additional 1,412 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Reinsurance Group of America were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGA. Oregon Public Employees Retirement Fund increased its holdings in Reinsurance Group of America by 13,803.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,536,741 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 3,511,304 shares during the period. Riverview Trust Co purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at $32,000. FTB Advisors Inc. increased its holdings in shares of Reinsurance Group of America by 43.4% in the 4th quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 99 shares during the period. JOYN Advisors Inc. increased its holdings in shares of Reinsurance Group of America by 68.9% in the 4th quarter. JOYN Advisors Inc. now owns 434 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 177 shares during the period. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Reinsurance Group of America by 16.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock valued at $91,000 after acquiring an additional 91 shares during the period. Institutional investors own 92.52% of the company’s stock.

Reinsurance Group of America stock opened at $150.61 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.30 billion, a PE ratio of 12.43 and a beta of 0.67. Reinsurance Group of America Inc has a 1-year low of $127.84 and a 1-year high of $159.95.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, January 28th. The insurance provider reported $3.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.38 by $0.08. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Reinsurance Group of America had a return on equity of 9.11% and a net margin of 5.56%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 EPS. As a group, equities research analysts expect that Reinsurance Group of America Inc will post 13.22 EPS for the current fiscal year.

Reinsurance Group of America announced that its board has authorized a share buyback program on Monday, January 28th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the insurance provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of research analysts have recently issued reports on RGA shares. UBS Group lifted their price target on Reinsurance Group of America from $142.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $162.00 price target on the stock in a report on Wednesday, April 3rd. Finally, ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.43.

In other news, CFO Todd C. Larson sold 4,836 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $144.39, for a total value of $698,270.04. Following the completion of the sale, the chief financial officer now owns 32,079 shares of the company’s stock, valued at approximately $4,631,886.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John P. Laughlin, Jr. sold 2,753 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $143.19, for a total value of $394,202.07. Following the completion of the sale, the executive vice president now directly owns 31,922 shares of the company’s stock, valued at approximately $4,570,911.18. The disclosure for this sale can be found here. Insiders sold a total of 11,533 shares of company stock valued at $1,662,897 in the last three months. Insiders own 0.69% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Reinsurance Group of America Inc (RGA) Stake Raised by Quantitative Systematic Strategies LLC” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.com-unik.info/2019/04/17/reinsurance-group-of-america-inc-rga-stake-raised-by-quantitative-systematic-strategies-llc.html.

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.

Featured Story: Dow Jones Industrial Average (DJIA)

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)

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit