Shell Asset Management Co. Lowers Stake in Reinsurance Group of America Inc (RGA)

Shell Asset Management Co. reduced its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,532 shares of the insurance provider’s stock after selling 4,229 shares during the period. Shell Asset Management Co.’s holdings in Reinsurance Group of America were worth $3,357,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGA. Assenagon Asset Management S.A. lifted its stake in shares of Reinsurance Group of America by 401.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 422,180 shares of the insurance provider’s stock worth $65,831,000 after buying an additional 337,924 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Reinsurance Group of America by 65.9% during the third quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock worth $110,504,000 after buying an additional 314,479 shares during the period. LSV Asset Management lifted its stake in shares of Reinsurance Group of America by 38.0% during the fourth quarter. LSV Asset Management now owns 1,105,690 shares of the insurance provider’s stock worth $172,410,000 after buying an additional 304,320 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Reinsurance Group of America by 383.4% during the third quarter. BNP Paribas Arbitrage SA now owns 270,749 shares of the insurance provider’s stock worth $37,778,000 after buying an additional 214,738 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Reinsurance Group of America by 14.5% during the third quarter. Principal Financial Group Inc. now owns 765,227 shares of the insurance provider’s stock worth $106,772,000 after buying an additional 96,645 shares during the period. Institutional investors and hedge funds own 91.19% of the company’s stock.

Several equities research analysts have recently commented on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $165.00 price objective (up from $160.00) on shares of Reinsurance Group of America in a research note on Wednesday, January 31st. Citigroup set a $171.00 price objective on shares of Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a research note on Friday, November 10th. 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 note on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $150.43.

In related news, Director Arnoud W.A. Boot sold 400 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $155.26, for a total transaction of $62,104.00. Following the completion of the transaction, the director now directly owns 6,357 shares in the company, valued at $986,987.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 26,777 shares of the company’s stock, valued at $4,166,501.20. The disclosure for this sale can be found here. Insiders have sold 1,456 shares of company stock valued at $222,659 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Reinsurance Group of America Inc (NYSE:RGA) opened at $155.39 on Wednesday. The stock has a market cap of $10,022.93, a price-to-earnings ratio of 5.61, a P/E/G ratio of 1.38 and a beta of 0.75. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.24). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.92 earnings per share. equities analysts anticipate that Reinsurance Group of America Inc will post 12.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. Reinsurance Group of America’s dividend payout ratio is presently 7.22%.

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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.

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

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