Reinsurance Group of America, Incorporated (RGA) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,066 shares of the insurance provider’s stock after buying an additional 5,312 shares during the period. State of Wisconsin Investment Board owned 0.10% of Reinsurance Group of America, worth $8,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RGA. Toronto Dominion Bank raised its position in shares of Reinsurance Group of America, by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares during the last quarter. Acrospire Investment Management LLC increased its position in Reinsurance Group of America, by 66.7% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 400 shares during the last quarter. D.A. Davidson & CO. increased its position in Reinsurance Group of America, by 27.3% during the second quarter. D.A. Davidson & CO. now owns 1,157 shares of the insurance provider’s stock worth $148,000 after purchasing an additional 248 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Reinsurance Group of America, during the second quarter worth about $167,000. Finally, IFP Advisors Inc acquired a new stake in Reinsurance Group of America, during the second quarter worth about $207,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE:RGA) opened at $150.37 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $9,643.22, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.50 and a beta of 0.80. Reinsurance Group of America, Incorporated has a 12 month low of $120.31 and a 12 month high of $152.19.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America, had a net margin of 7.23% and a return on equity of 11.36%. Reinsurance Group of America,’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. equities analysts forecast that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, November 6th. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 16.46%.

In other news, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the transaction, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the transaction, the executive vice president now directly owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada set a $145.00 price objective on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, October 27th. Wells Fargo & Company restated a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America, in a research report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America, in a research report on Friday, November 10th. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Tuesday, August 1st. Finally, The Goldman Sachs Group, Inc. began coverage on shares of Reinsurance Group of America, in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America, presently has a consensus rating of “Hold” and an average target price of $135.25.

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Reinsurance Group of America, 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.

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

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