Teachers Retirement System of The State of Kentucky raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,593 shares of the insurance provider’s stock after purchasing an additional 600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Reinsurance Group of America were worth $1,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Asset Management Inc increased its holdings in shares of Reinsurance Group of America by 0.4% in the second quarter. World Asset Management Inc now owns 4,439 shares of the insurance provider’s stock worth $570,000 after buying an additional 19 shares during the period. Advisor Partners LLC grew its stake in shares of Reinsurance Group of America by 1.5% in the second quarter. Advisor Partners LLC now owns 1,956 shares of the insurance provider’s stock worth $251,000 after purchasing an additional 28 shares during the last quarter. Stanley Laman Group Ltd. grew its stake in shares of Reinsurance Group of America by 0.9% in the second quarter. Stanley Laman Group Ltd. now owns 5,630 shares of the insurance provider’s stock worth $723,000 after purchasing an additional 50 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Reinsurance Group of America by 3.2% in the second quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock worth $230,000 after purchasing an additional 56 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Reinsurance Group of America by 0.6% in the second quarter. Commerce Bank now owns 13,690 shares of the insurance provider’s stock worth $1,758,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) traded up $2.46 during trading on Thursday, reaching $164.17. The company’s stock had a trading volume of 509,300 shares, compared to its average volume of 319,549. 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 company has a market cap of $10,414.78, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.62 and a beta of 0.80. Reinsurance Group of America, Incorporated has a fifty-two week low of $120.81 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 EPS. equities analysts forecast that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.22%. Reinsurance Group of America’s payout ratio is 16.46%.

Several research firms recently issued reports on RGA. Royal Bank Of Canada set a $145.00 target price on Reinsurance Group of America and gave the stock a “hold” rating in a research note on Friday, October 27th. Wells Fargo & Company reissued a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a research note on Friday, November 10th. Goldman Sachs Group began coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price on the stock. Finally, Citigroup set a $171.00 target price on Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $138.63.

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

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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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