Shell Asset Management Co. cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 20,698 shares of the company’s stock after selling 947 shares during the period. Shell Asset Management Co.’s holdings in Reinsurance Group of America, were worth $2,234,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Mackenzie Financial Corp increased its stake in shares of Reinsurance Group of America, by 1.0% in the second quarter. Mackenzie Financial Corp now owns 6,737 shares of the company’s stock valued at $653,000 after buying an additional 69 shares during the last quarter. United Services Automobile Association increased its stake in shares of Reinsurance Group of America, by 2.9% in the second quarter. United Services Automobile Association now owns 5,290 shares of the company’s stock valued at $513,000 after buying an additional 150 shares during the last quarter. RDL Financial Inc. increased its stake in shares of Reinsurance Group of America, by 0.5% in the second quarter. RDL Financial Inc. now owns 31,956 shares of the company’s stock valued at $3,099,000 after buying an additional 153 shares during the last quarter. US Bancorp DE increased its stake in shares of Reinsurance Group of America, by 1.4% in the second quarter. US Bancorp DE now owns 11,827 shares of the company’s stock valued at $1,147,000 after buying an additional 168 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Reinsurance Group of America, by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 24,330 shares of the company’s stock valued at $2,360,000 after buying an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) opened at 124.99 on Friday. The company has a market cap of $8.03 billion, a PE ratio of 12.10 and a beta of 0.97. The firm’s 50-day moving average price is $125.35 and its 200 day moving average price is $110.25. Reinsurance Group of America, Incorporated has a 12 month low of $76.96 and a 12 month high of $129.28.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings data on Wednesday, October 26th. The company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. Reinsurance Group of America, had a return on equity of 9.14% and a net margin of 5.98%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the firm posted $1.90 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post $9.63 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Reinsurance Group of America, Incorporated (RGA) Stake Decreased by Shell Asset Management Co.” was first published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of US & international copyright and trademark laws. The legal version of this piece of content can be read at http://www.dailypolitical.com/2017/01/14/reinsurance-group-of-america-incorporated-rga-stake-decreased-by-shell-asset-management-co.html.

Several equities research analysts have recently weighed in on the company. RBC Capital Markets reiterated a “hold” rating and issued a $120.00 price target on shares of Reinsurance Group of America, in a report on Tuesday, January 3rd. Zacks Investment Research downgraded Reinsurance Group of America, from a “buy” rating to a “hold” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) downgraded Reinsurance Group of America, from a “buy” rating to a “neutral” rating and set a $134.00 price target on the stock. in a report on Tuesday, January 3rd. Credit Suisse Group assumed coverage on Reinsurance Group of America, in a report on Friday, October 7th. They issued a “neutral” rating and a $115.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on Reinsurance Group of America, in a report on Friday, September 23rd. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Reinsurance Group of America, presently has a consensus rating of “Hold” and an average target price of $111.22.

In related news, EVP Alain Neemeh sold 5,705 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $107.66, for a total value of $614,200.30. Following the transaction, the executive vice president now directly owns 40,829 shares in the company, valued at $4,395,650.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by corporate insiders.

Reinsurance Group of America, Company Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

5 Day Chart for NYSE:RGA

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGA).

Receive News & Ratings for Reinsurance Group of America Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.