Ameriprise Financial Inc. reduced its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 320,029 shares of the insurance provider’s stock after selling 21,624 shares during the quarter. Ameriprise Financial Inc. owned about 0.50% of Reinsurance Group of America worth $44,654,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Reinsurance Group of America by 2.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock valued at $26,127,000 after acquiring an additional 4,100 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Reinsurance Group of America by 0.8% during the third quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock valued at $19,924,000 after acquiring an additional 1,135 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Reinsurance Group of America during the second quarter valued at approximately $3,080,000. Airain ltd bought a new stake in shares of Reinsurance Group of America during the second quarter valued at approximately $1,740,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Reinsurance Group of America by 14.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock valued at $1,310,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) traded down $1.34 during trading hours on Friday, hitting $160.71. The company had a trading volume of 426,582 shares, compared to its average volume of 415,756. The stock has a market capitalization of $10,437.97, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. Reinsurance Group of America, Incorporated has a one year low of $121.93 and a one year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company 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%. Reinsurance Group of America’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 earnings per share. analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

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

In related 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 transaction, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Several research firms have recently commented on RGA. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Royal Bank Of Canada restated a “hold” rating and set a $134.00 price objective on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Goldman Sachs Group began coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 price objective for the company. Wells Fargo & Company restated a “hold” rating and set a $131.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $148.00 price objective on shares of Reinsurance Group of America in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Reinsurance Group of America has a consensus rating of “Hold” and an average target price of $138.63.

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About Reinsurance Group of America

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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