Parallel Advisors LLC Has $226,000 Stock Position in Reinsurance Group of America Inc (NYSE:RGA)

Parallel Advisors LLC decreased its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,411 shares of the insurance provider’s stock after selling 155 shares during the quarter. Parallel Advisors LLC’s holdings in Reinsurance Group of America were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mackay Shields LLC boosted its holdings in shares of Reinsurance Group of America by 10.9% during the 3rd quarter. Mackay Shields LLC now owns 94,590 shares of the insurance provider’s stock worth $15,123,000 after buying an additional 9,274 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Reinsurance Group of America by 35.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 6,526 shares of the insurance provider’s stock worth $1,043,000 after buying an additional 1,715 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $514,000. ARP Americas LP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth $1,055,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Reinsurance Group of America by 4.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 143,902 shares of the insurance provider’s stock worth $23,024,000 after buying an additional 6,183 shares during the period. Institutional investors own 91.42% of the company’s stock.

Reinsurance Group of America stock traded up $0.33 during mid-day trading on Friday, reaching $167.95. The company had a trading volume of 151,162 shares, compared to its average volume of 301,284. The company has a quick ratio of 0.13, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Reinsurance Group of America Inc has a 52 week low of $129.17 and a 52 week high of $169.26. The company has a 50 day moving average of $158.78 and a 200-day moving average of $154.23. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 13.86 and a beta of 0.65.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.42 by $0.60. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm earned $4.03 EPS. The business’s revenue was up 12.4% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America Inc will post 13.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 1.67%. Reinsurance Group of America’s dividend payout ratio is 23.10%.

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,500 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $158.15, for a total value of $237,225.00. Following the completion of the sale, the executive vice president now directly owns 16,239 shares of the company’s stock, valued at approximately $2,568,197.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alka Gautam sold 2,573 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.86, for a total transaction of $426,757.78. Following the completion of the sale, the chief executive officer now directly owns 11,082 shares of the company’s stock, valued at $1,838,060.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,573 shares of company stock valued at $1,698,001. Insiders own 0.78% of the company’s stock.

RGA has been the subject of several recent analyst reports. Royal Bank of Canada set a $170.00 price objective on shares of Reinsurance Group of America and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group decreased their price objective on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Morgan Stanley upped their price objective on shares of Reinsurance Group of America from $144.00 to $146.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Finally, Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 price objective for the company in a report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and a consensus price target of $162.20.

About Reinsurance Group of America

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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