Sentinel Trust Co. LBA Has $3.63 Million Position in Reinsurance Group of America Inc (RGA)

Sentinel Trust Co. LBA increased its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 49.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,200 shares of the insurance provider’s stock after buying an additional 8,980 shares during the quarter. Sentinel Trust Co. LBA’s holdings in Reinsurance Group of America were worth $3,631,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RGA. Summit Trail Advisors LLC lifted its position in shares of Reinsurance Group of America by 8,771.5% during the 1st quarter. Summit Trail Advisors LLC now owns 115,418 shares of the insurance provider’s stock worth $115,000 after buying an additional 114,117 shares during the period. Private Capital Group LLC lifted its position in shares of Reinsurance Group of America by 13,083.3% during the 1st quarter. Private Capital Group LLC now owns 791 shares of the insurance provider’s stock worth $122,000 after buying an additional 785 shares during the period. Robecosam AG bought a new position in shares of Reinsurance Group of America during the 2nd quarter worth approximately $133,000. Synovus Financial Corp bought a new position in shares of Reinsurance Group of America during the 1st quarter worth approximately $183,000. Finally, Hartford Investment Management Co. bought a new position in shares of Reinsurance Group of America during the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 91.65% of the company’s stock.

RGA has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $150.00 price objective on shares of Reinsurance Group of America in a research report on Friday, July 27th. ValuEngine downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Credit Suisse Group cut their price objective on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Zacks Investment Research downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Monday, August 27th. Finally, Wells Fargo & Co set a $165.00 price objective on Reinsurance Group of America and gave the company a “hold” rating in a research report on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $150.11.



In other Reinsurance Group of America news, Director John J. Gauthier acquired 1,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was purchased at an average price of $140.19 per share, for a total transaction of $140,190.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $280,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Shares of RGA opened at $146.17 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a 52-week low of $131.72 and a 52-week high of $165.12. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 13.19 and a beta of 0.80.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 26th. The insurance provider reported $3.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.14 by ($0.04). Reinsurance Group of America had a net margin of 13.72% and a return on equity of 7.99%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $2.95 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities research analysts forecast that Reinsurance Group of America Inc will post 11.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th were given a $0.60 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, August 6th. This represents a $2.40 annualized dividend and a yield of 1.64%. Reinsurance Group of America’s payout ratio is presently 22.14%.

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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