Nationwide Fund Advisors Trims Stake in Reinsurance Group of America, Incorporated (RGA)

Nationwide Fund Advisors lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,953 shares of the insurance provider’s stock after selling 3,133 shares during the quarter. Nationwide Fund Advisors owned about 0.25% of Reinsurance Group of America worth $22,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its stake in Reinsurance Group of America by 5.2% during the 2nd quarter. US Bancorp DE now owns 13,995 shares of the insurance provider’s stock worth $1,797,000 after acquiring an additional 691 shares during the period. APG Asset Management N.V. boosted its stake in Reinsurance Group of America by 47.1% during the second quarter. APG Asset Management N.V. now owns 15,000 shares of the insurance provider’s stock worth $1,926,000 after buying an additional 4,800 shares during the period. ING Groep NV purchased a new stake in shares of Reinsurance Group of America during the second quarter valued at $1,006,000. Aviance Capital Partners LLC boosted its stake in shares of Reinsurance Group of America by 2.8% during the second quarter. Aviance Capital Partners LLC now owns 5,830 shares of the insurance provider’s stock valued at $748,000 after purchasing an additional 159 shares during the period. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of Reinsurance Group of America during the second quarter valued at about $244,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now owns 27,277 shares in the company, valued at $4,090,458.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Rose Detrick sold 659 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now directly owns 4,023 shares in the company, valued at approximately $601,438.50. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

A number of brokerages recently commented on RGA. Royal Bank Of Canada reiterated a “hold” rating and issued a $134.00 target price on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Wells Fargo & Company reissued 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. Goldman Sachs Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target on the stock. Citigroup set a $171.00 price target on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Reinsurance Group of America has a consensus rating of “Hold” and a consensus target price of $138.63.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) traded down $0.89 during midday trading on Wednesday, reaching $160.82. 197,400 shares of the company were exchanged, compared to its average volume of 321,308. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $10,414.78, a P/E ratio of 14.86, a PEG ratio of 1.62 and a beta of 0.82. Reinsurance Group of America, Incorporated has a fifty-two week low of $121.93 and a fifty-two week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.82. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, November 6th. Reinsurance Group of America’s payout ratio is presently 16.46%.

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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.

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

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