Xact Kapitalforvaltning AB Sells 1,110 Shares of Reinsurance Group of America Inc (RGA)

Xact Kapitalforvaltning AB reduced its position in Reinsurance Group of America Inc (NYSE:RGA) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,967 shares of the insurance provider’s stock after selling 1,110 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Reinsurance Group of America were worth $3,031,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Reinsurance Group of America by 4.6% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,671 shares of the insurance provider’s stock valued at $1,157,000 after buying an additional 385 shares during the period. Eagle Boston Investment Management Inc. increased its stake in Reinsurance Group of America by 19.2% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 2,439 shares of the insurance provider’s stock valued at $325,000 after buying an additional 393 shares during the period. US Bancorp DE increased its stake in Reinsurance Group of America by 2.7% in the 2nd quarter. US Bancorp DE now owns 15,050 shares of the insurance provider’s stock valued at $2,009,000 after buying an additional 393 shares during the period. GHP Investment Advisors Inc. increased its stake in Reinsurance Group of America by 10.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 4,484 shares of the insurance provider’s stock valued at $648,000 after buying an additional 424 shares during the period. Finally, First Mercantile Trust Co. increased its stake in Reinsurance Group of America by 10.8% in the 2nd quarter. First Mercantile Trust Co. now owns 4,427 shares of the insurance provider’s stock valued at $591,000 after buying an additional 430 shares during the period. 91.58% of the stock is currently owned by institutional investors.

RGA has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $132.00 to $131.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 11th. Zacks Investment Research cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Royal Bank of Canada reissued a “hold” rating and issued a $150.00 price objective on shares of Reinsurance Group of America in a research note on Friday, July 27th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $148.75.



Shares of NYSE RGA opened at $140.22 on Wednesday. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 12.94 and a beta of 0.80. Reinsurance Group of America Inc has a one year low of $127.84 and a one year high of $165.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.12 and a current ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, topping the consensus estimate of $3.29 by $0.74. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. Analysts forecast that Reinsurance Group of America Inc will post 12.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 5th. This represents a $2.40 annualized dividend and a dividend yield of 1.71%. Reinsurance Group of America’s payout ratio is currently 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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