BT Investment Management Ltd grew its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 55.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,683 shares of the insurance provider’s stock after purchasing an additional 17,621 shares during the quarter. BT Investment Management Ltd’s holdings in Reinsurance Group of America were worth $7,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RGA. Toronto Dominion Bank lifted its stake in Reinsurance Group of America by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 83 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in Reinsurance Group of America in the third quarter worth about $113,000. Parkside Financial Bank & Trust lifted its stake in Reinsurance Group of America by 250.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock worth $186,000 after acquiring an additional 854 shares during the period. Halsey Associates Inc. CT purchased a new stake in Reinsurance Group of America in the third quarter worth about $205,000. Finally, Foster & Motley Inc. purchased a new stake in Reinsurance Group of America in the fourth quarter worth about $207,000. 92.08% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on RGA. Wells Fargo & Co reaffirmed a “hold” rating and issued a $131.00 price objective on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Goldman Sachs Group began coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. 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. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Reinsurance Group of America in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America presently has a consensus rating of “Hold” and an average price target of $150.43.

Shares of Reinsurance Group of America Inc (NYSE:RGA) opened at $146.45 on Friday. Reinsurance Group of America Inc has a one year low of $121.93 and a one year high of $165.12. The firm has a market cap of $9,650.00, a PE ratio of 5.41, a P/E/G ratio of 1.35 and a beta of 0.75. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.37%. Reinsurance Group of America’s dividend payout ratio is presently 7.22%.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the transaction, the executive vice president now directly owns 26,777 shares in the company, valued at $4,166,501.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.

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Reinsurance Group of America 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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