Ameriprise Financial Inc. Has $42.10 Million Position in Reinsurance Group of America, Incorporated (RGA)

Ameriprise Financial Inc. cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 331,572 shares of the insurance provider’s stock after selling 15,269 shares during the period. Ameriprise Financial Inc. owned approximately 0.52% of Reinsurance Group of America, worth $42,102,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its stake in Reinsurance Group of America, by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock worth $117,000 after buying an additional 263 shares during the last quarter. Israel Discount Bank of New York GFN bought a new stake in Reinsurance Group of America, during the fourth quarter worth about $124,000. Focused Wealth Management Inc bought a new stake in Reinsurance Group of America, during the fourth quarter worth about $126,000. Creative Planning raised its stake in Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the last quarter. Finally, James Investment Research Inc. bought a new stake in Reinsurance Group of America, during the first quarter worth about $143,000. Institutional investors and hedge funds own 94.77% of the company’s stock.

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

Shares of Reinsurance Group of America, Incorporated (RGA) traded up 0.79% during mid-day trading on Friday, hitting $128.75. The stock had a trading volume of 354,331 shares. The stock has a 50-day moving average price of $125.58 and a 200 day moving average price of $126.39. The stock has a market cap of $8.29 billion, a P/E ratio of 10.88 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 52 week low of $90.26 and a 52 week high of $132.79.

Reinsurance Group of America, (NYSE:RGA) last announced its earnings results on Thursday, April 27th. The insurance provider reported $1.86 EPS for the quarter, missing the consensus estimate of $2.11 by $0.25. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.86 billion. Reinsurance Group of America, had a return on equity of 8.43% and a net margin of 6.41%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post $9.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Tuesday, May 9th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $1.64 annualized dividend and a yield of 1.27%. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 13.84%.

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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 note on Tuesday, May 2nd. Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $125.00 price target on shares of Reinsurance Group of America, in a research note on Thursday, April 6th. Royal Bank of Canada reissued a “hold” rating and set a $127.00 price target on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Jefferies Group LLC dropped their price objective on Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $119.00.

In related news, Director Christine Rose Detrick sold 500 shares of Reinsurance Group of America, stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $127.00, for a total value of $63,500.00. Following the transaction, the director now owns 5,432 shares in the company, valued at approximately $689,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.47% of the company’s stock.

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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