Rockefeller Financial Services Inc. increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649,148 shares of the insurance provider’s stock after buying an additional 1,300 shares during the period. Reinsurance Group of America, comprises about 1.7% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 20th largest position. Rockefeller Financial Services Inc. owned 1.01% of Reinsurance Group of America, worth $83,345,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its stake in shares of Reinsurance Group of America, by 99.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider’s stock valued at $18,604,000 after buying an additional 73,733 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Reinsurance Group of America, by 132.8% in the first quarter. Stifel Financial Corp now owns 7,532 shares of the insurance provider’s stock valued at $962,000 after buying an additional 4,297 shares during the last quarter. Norges Bank bought a new stake in shares of Reinsurance Group of America, during the fourth quarter valued at about $53,245,000. Quadrature Capital Ltd bought a new stake in shares of Reinsurance Group of America, during the fourth quarter valued at about $269,000. Finally, Pensionfund Sabic acquired a new stake in shares of Reinsurance Group of America, during the first quarter worth $1,460,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) traded up 3.66% during trading on Friday, reaching $139.20. 261,635 shares of the company were exchanged. Reinsurance Group of America, Incorporated has a 1-year low of $94.33 and a 1-year high of $139.35. The firm has a market capitalization of $8.96 billion, a P/E ratio of 11.76 and a beta of 0.82. The firm’s 50 day moving average is $129.84 and its 200 day moving average is $127.30.
Reinsurance Group of America, (NYSE:RGA) last posted its earnings results on Thursday, July 27th. The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.43% and a net margin of 6.41%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm earned $2.80 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post $9.66 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company restated a “hold” rating on shares of Reinsurance Group of America, in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Friday, July 7th. Jefferies Group LLC decreased their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating on the stock in a research note on Monday, May 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $125.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, April 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $127.00 target price on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Eight research analysts have rated the stock with 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 price target of $122.44.
In related news, EVP Timothy T. Matson bought 500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of $127.39 per share, for a total transaction of $63,695.00. Following the completion of the purchase, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at $309,557.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.47% of the stock is owned by insiders.
Reinsurance Group of America, Company Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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