State Treasurer State of Michigan lessened its stake in Reinsurance Group of America Inc (NYSE:RGA) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 23,100 shares of the insurance provider’s stock after selling 1,200 shares during the quarter. State Treasurer State of Michigan’s holdings in Reinsurance Group of America were worth $3,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Gotham Asset Management LLC raised its position in Reinsurance Group of America by 3.2% in the 2nd quarter. Gotham Asset Management LLC now owns 1,794 shares of the insurance provider’s stock worth $230,000 after buying an additional 56 shares during the last quarter. Toronto Dominion Bank raised its position in Reinsurance Group of America by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock worth $101,000 after buying an additional 83 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Reinsurance Group of America by 2.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the insurance provider’s stock worth $575,000 after buying an additional 101 shares during the last quarter. Stifel Financial Corp raised its position in Reinsurance Group of America by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 10,220 shares of the insurance provider’s stock worth $1,428,000 after buying an additional 337 shares during the last quarter. Finally, Barings LLC raised its position in Reinsurance Group of America by 7.6% in the 3rd quarter. Barings LLC now owns 4,940 shares of the insurance provider’s stock worth $689,000 after buying an additional 350 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on RGA. Zacks Investment Research lowered Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Royal Bank of Canada reissued a “hold” rating and issued a $165.00 target price on shares of Reinsurance Group of America in a research report on Friday, December 8th. Wells Fargo & Co reissued a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a research report 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 report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $150.43.

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 stock was sold at an average price of $155.60, for a total transaction of $77,800.00. Following the completion of the sale, the executive vice president now directly owns 26,777 shares in the company, valued at approximately $4,166,501.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.47% of the company’s stock.

Shares of Reinsurance Group of America Inc (NYSE:RGA) opened at $146.45 on Friday. The stock has a market capitalization of $9,868.89, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.36 and a beta of 0.75. Reinsurance Group of America Inc has a 52 week low of $121.93 and a 52 week high of $165.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.24). The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.92 earnings per share. equities research analysts anticipate that Reinsurance Group of America Inc will post 12.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid 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 dividend yield of 1.37%. Reinsurance Group of America’s dividend payout ratio is currently 7.22%.

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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.

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

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