Retirement Systems of Alabama Sells 863 Shares of Reinsurance Group of America Inc (RGA)

Retirement Systems of Alabama cut its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 141,837 shares of the insurance provider’s stock after selling 863 shares during the period. Retirement Systems of Alabama’s holdings in Reinsurance Group of America were worth $19,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Reinsurance Group of America by 0.4% during the third quarter. BlackRock Inc. now owns 5,947,506 shares of the insurance provider’s stock worth $859,771,000 after purchasing an additional 20,957 shares during the period. Alliancebernstein L.P. boosted its position in shares of Reinsurance Group of America by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,501,467 shares of the insurance provider’s stock worth $217,052,000 after acquiring an additional 8,180 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Reinsurance Group of America by 5.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,192,431 shares of the insurance provider’s stock worth $172,370,000 after acquiring an additional 60,948 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Reinsurance Group of America by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,045,892 shares of the insurance provider’s stock worth $151,194,000 after acquiring an additional 10,563 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Reinsurance Group of America by 33.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock worth $143,029,000 after acquiring an additional 248,223 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

In other Reinsurance Group of America news, President Anna Manning sold 4,034 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $148.23, for a total value of $597,959.82. Following the sale, the president now owns 20,667 shares in the company, valued at $3,063,469.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arnoud W.A. Boot sold 620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $146.00, for a total transaction of $90,520.00. Following the completion of the sale, the director now owns 6,409 shares in the company, valued at approximately $935,714. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 400 shares of company stock worth $53,620 and sold 11,154 shares worth $1,656,950. Company insiders own 0.69% of the company’s stock.



NYSE RGA opened at $144.31 on Friday. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $164.86. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.90 billion, a P/E ratio of 13.31 and a beta of 0.73.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 25th. The insurance provider reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.74. Reinsurance Group of America had a net margin of 14.21% and a return on equity of 8.26%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Equities analysts expect that Reinsurance Group of America Inc will post 12.12 EPS for the current year.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Royal Bank of Canada upgraded shares of Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and set a $165.00 price target on the stock in a research report on Tuesday, December 11th. Finally, Morgan Stanley increased their price target on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $148.14.

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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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