Caisse DE Depot ET Placement DU Quebec Purchases 500 Shares of Reinsurance Group of America, Incorporated (RGA)

Caisse DE Depot ET Placement DU Quebec raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,168,715 shares of the insurance provider’s stock after acquiring an additional 500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 1.81% of Reinsurance Group of America worth $163,757,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in Reinsurance Group of America by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after buying an additional 4,100 shares in the last quarter. Trillium Asset Management LLC increased its position in Reinsurance Group of America by 0.8% in the third quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock worth $19,924,000 after buying an additional 1,135 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Reinsurance Group of America during the second quarter worth about $3,080,000. Airain ltd purchased a new stake in shares of Reinsurance Group of America during the second quarter worth about $1,740,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Reinsurance Group of America by 14.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock worth $1,310,000 after purchasing an additional 1,300 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

RGA has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $134.00 target price on shares of Reinsurance Group of America in a research report on Tuesday, October 10th. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a research report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company reiterated a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America in a research report on Friday, November 10th. Finally, Citigroup set a $171.00 target price on Reinsurance Group of America and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $138.63.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the transaction, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Rose Detrick sold 659 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now owns 4,023 shares of the company’s stock, valued at approximately $601,438.50. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Reinsurance Group of America, Incorporated (NYSE RGA) traded up $1.00 during midday trading on Tuesday, reaching $161.71. The company’s stock had a trading volume of 460,400 shares, compared to its average volume of 321,840. The stock has a market cap of $10,350.38, a PE ratio of 14.77, a PEG ratio of 1.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.11 and a quick ratio of 0.11. Reinsurance Group of America, Incorporated has a fifty-two week low of $121.93 and a fifty-two week high of $165.12.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 EPS. equities analysts predict that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Monday, November 6th. Reinsurance Group of America’s dividend payout ratio is presently 16.46%.

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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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