Anderson Hoagland & Co. trimmed its stake in Reinsurance Group of America Inc (NYSE:RGA) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,298 shares of the insurance provider’s stock after selling 757 shares during the quarter. Reinsurance Group of America makes up 1.1% of Anderson Hoagland & Co.’s holdings, making the stock its 26th largest holding. Anderson Hoagland & Co.’s holdings in Reinsurance Group of America were worth $1,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RGA. Next Capital Management LLC purchased a new position in shares of Reinsurance Group of America during the second quarter valued at $28,000. First Interstate Bank purchased a new position in shares of Reinsurance Group of America during the second quarter valued at $29,000. Motco purchased a new position in shares of Reinsurance Group of America during the second quarter valued at $31,000. Advisory Services Network LLC grew its holdings in shares of Reinsurance Group of America by 2,806.3% during the second quarter. Advisory Services Network LLC now owns 465 shares of the insurance provider’s stock valued at $73,000 after buying an additional 449 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Reinsurance Group of America during the second quarter valued at $86,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

NYSE RGA traded up $0.87 on Wednesday, reaching $151.92. The stock had a trading volume of 107,664 shares, compared to its average volume of 306,529. The business has a 50 day moving average price of $155.39 and a 200 day moving average price of $152.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $163.46. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 12.53 and a beta of 0.66.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Monday, July 29th. The insurance provider reported $3.31 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.06). Reinsurance Group of America had a net margin of 5.85% and a return on equity of 9.19%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the firm earned $3.10 EPS. On average, analysts anticipate that Reinsurance Group of America Inc will post 13.02 earnings per share for the current fiscal year.

In other Reinsurance Group of America news, EVP William L. Hutton sold 4,200 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $161.41, for a total value of $677,922.00. Following the transaction, the executive vice president now owns 22,713 shares in the company, valued at $3,666,105.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arnoud W.A. Boot sold 800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $145.12, for a total value of $116,096.00. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock worth $1,271,243 in the last 90 days. Corporate insiders own 0.78% of the company’s stock.

A number of brokerages have recently weighed in on RGA. Citigroup lifted their price target on Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a report on Friday, September 13th. Royal Bank of Canada set a $170.00 price target on Reinsurance Group of America and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their price target on Reinsurance Group of America from $142.00 to $144.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. Finally, ValuEngine downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Reinsurance Group of America has an average rating of “Hold” and a consensus target price of $161.00.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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