Reinsurance Group of America Inc (RGA) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Reinsurance Group of America Inc (NYSE:RGA) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,785 shares of the insurance provider’s stock after purchasing an additional 2,657 shares during the quarter. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of RGA. Nordea Investment Management AB lifted its holdings in Reinsurance Group of America by 35.3% during the third quarter. Nordea Investment Management AB now owns 105,502 shares of the insurance provider’s stock valued at $15,253,000 after purchasing an additional 27,528 shares in the last quarter. First Hawaiian Bank lifted its holdings in Reinsurance Group of America by 40.7% during the fourth quarter. First Hawaiian Bank now owns 7,060 shares of the insurance provider’s stock valued at $990,000 after purchasing an additional 2,041 shares in the last quarter. Anderson Hoagland & Co. lifted its holdings in Reinsurance Group of America by 0.8% during the fourth quarter. Anderson Hoagland & Co. now owns 15,421 shares of the insurance provider’s stock valued at $2,095,000 after purchasing an additional 118 shares in the last quarter. Daiwa SB Investments Ltd. lifted its holdings in Reinsurance Group of America by 11.1% during the fourth quarter. Daiwa SB Investments Ltd. now owns 700 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 70 shares in the last quarter. Finally, Boston Advisors LLC lifted its holdings in Reinsurance Group of America by 25.0% during the fourth quarter. Boston Advisors LLC now owns 4,995 shares of the insurance provider’s stock valued at $700,000 after purchasing an additional 1,000 shares in the last quarter. 93.20% of the stock is currently owned by hedge funds and other institutional investors.

RGA opened at $144.27 on Tuesday. The company has a current ratio of 0.12, a quick ratio of 0.13 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 11.90 and a beta of 0.68. Reinsurance Group of America Inc has a 52-week low of $127.84 and a 52-week high of $154.10.



Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Monday, April 29th. The insurance provider reported $2.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.63 by ($0.02). The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.34 billion. Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. On average, research analysts anticipate that Reinsurance Group of America Inc will post 13.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, May 8th. Reinsurance Group of America’s dividend payout ratio is currently 19.80%.

Reinsurance Group of America declared that its board has authorized a stock buyback program on Monday, January 28th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several equities analysts have issued reports on RGA shares. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Friday, February 1st. ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, UBS Group increased their price objective on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $145.43.

In other news, Director Alan C. Henderson sold 947 shares of the firm’s 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 transaction, the director now directly owns 18,915 shares of the company’s stock, valued at $2,742,675. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alain Neemeh sold 3,668 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $148.00, for a total transaction of $542,864.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $5,548,816. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,448 shares of company stock worth $1,811,558. Insiders own 0.78% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://dakotafinancialnews.com/2019/05/14/reinsurance-group-of-america-inc-rga-shares-bought-by-sg-americas-securities-llc.html.

Reinsurance Group of America Company Profile

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.

Featured Story: Return On Assets

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.