Teacher Retirement System of Texas Sells 3,719 Shares of Reinsurance Group of America, Incorporated $RGA

Teacher Retirement System of Texas cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,513 shares of the insurance provider’s stock after selling 3,719 shares during the quarter. Teacher Retirement System of Texas’ holdings in Reinsurance Group of America were worth $8,937,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. WCM Investment Management LLC boosted its position in Reinsurance Group of America by 5.0% during the second quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock worth $521,343,000 after purchasing an additional 125,937 shares during the period. American Century Companies Inc. boosted its holdings in shares of Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after buying an additional 532,891 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Reinsurance Group of America by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock worth $241,960,000 after buying an additional 53,211 shares during the period. Norges Bank acquired a new position in Reinsurance Group of America in the 2nd quarter valued at about $167,955,000. Finally, AQR Capital Management LLC raised its holdings in Reinsurance Group of America by 29.6% in the 2nd quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider’s stock valued at $158,352,000 after acquiring an additional 182,729 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $194.98 on Monday. The firm has a market cap of $12.81 billion, a PE ratio of 15.00 and a beta of 0.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13. The stock’s fifty day moving average price is $197.41 and its two-hundred day moving average price is $193.07. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the company posted $6.13 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is presently 28.62%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RGA shares. Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a report on Monday, December 15th. Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Keefe, Bruyette & Woods reduced their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Barclays set a $237.00 price objective on Reinsurance Group of America in a report on Thursday, January 8th. Finally, Wells Fargo & Company lifted their target price on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.67.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.