Reinsurance Group of America Inc (RGA) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,837 shares of the insurance provider’s stock after purchasing an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Reinsurance Group of America were worth $1,329,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RGA. Oregon Public Employees Retirement Fund raised its holdings in shares of Reinsurance Group of America by 13,803.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,536,741 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 3,511,304 shares in the last quarter. FTB Advisors Inc. raised its holdings in shares of Reinsurance Group of America by 43.4% in the fourth quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 99 shares in the last quarter. Daiwa SB Investments Ltd. raised its holdings in shares of Reinsurance Group of America by 11.1% in the fourth quarter. Daiwa SB Investments Ltd. now owns 700 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 70 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of Reinsurance Group of America by 45.2% in the fourth quarter. Private Capital Group LLC now owns 1,069 shares of the insurance provider’s stock valued at $150,000 after acquiring an additional 333 shares in the last quarter. Finally, Veritable L.P. bought a new stake in shares of Reinsurance Group of America in the third quarter valued at about $203,000. Institutional investors and hedge funds own 91.41% of the company’s stock.

In related news, EVP Timothy T. Matson bought 200 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were bought at an average price of $137.57 per share, for a total transaction of $27,514.00. Following the completion of the purchase, the executive vice president now directly owns 4,130 shares of the company’s stock, valued at $568,164.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan C. Henderson sold 947 shares of Reinsurance Group of America stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $145.00, for a total value of $137,315.00. Following the completion of the transaction, the director now owns 18,915 shares in the company, valued at approximately $2,742,675. The disclosure for this sale can be found here. In the last quarter, insiders acquired 400 shares of company stock worth $53,620 and sold 11,533 shares worth $1,662,897. 0.69% of the stock is owned by insiders.

Several research firms recently weighed in on RGA. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Morgan Stanley lifted their price objective on Reinsurance Group of America from $131.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, November 13th. Finally, Royal Bank of Canada upgraded Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a report on Tuesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Reinsurance Group of America currently has an average rating of “Hold” and a consensus target price of $144.83.

RGA opened at $143.01 on Monday. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $163.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.12 and a current ratio of 0.13. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 11.80 and a beta of 0.68.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, January 28th. The insurance provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.08. Reinsurance Group of America had a return on equity of 9.11% and a net margin of 5.56%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Reinsurance Group of America Inc will post 13.13 EPS for the current fiscal year.

Reinsurance Group of America announced that its Board of Directors has authorized a share buyback program on Monday, January 28th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $2.40 annualized dividend and a yield of 1.68%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 19.80%.

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About Reinsurance Group of America

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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