Reinsurance Group of America Inc (NYSE:RGA) Shares Purchased by BB&T Securities LLC

BB&T Securities LLC increased its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,093 shares of the insurance provider’s stock after acquiring an additional 143 shares during the quarter. BB&T Securities LLC’s holdings in Reinsurance Group of America were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. increased its stake in shares of Reinsurance Group of America by 0.5% during the third quarter. Diamond Hill Capital Management Inc. now owns 444,783 shares of the insurance provider’s stock worth $71,112,000 after buying an additional 2,430 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Reinsurance Group of America by 27.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 708 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 152 shares during the last quarter. Chicago Equity Partners LLC increased its stake in Reinsurance Group of America by 19.1% in the third quarter. Chicago Equity Partners LLC now owns 50,319 shares of the insurance provider’s stock valued at $8,045,000 after purchasing an additional 8,065 shares during the last quarter. MainStreet Investment Advisors LLC increased its stake in Reinsurance Group of America by 1.8% in the third quarter. MainStreet Investment Advisors LLC now owns 6,377 shares of the insurance provider’s stock valued at $1,019,000 after purchasing an additional 112 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new position in Reinsurance Group of America in the third quarter valued at approximately $150,000. 92.01% of the stock is currently owned by hedge funds and other institutional investors.

RGA has been the topic of several recent analyst reports. ValuEngine lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Royal Bank of Canada set a $170.00 price target on shares of Reinsurance Group of America and gave the company a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 price target on the stock in a research note on Friday, October 11th. Citigroup increased their price target on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, UBS Group dropped their price target on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $162.20.

In other news, EVP William L. Hutton sold 4,200 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $161.41, for a total value of $677,922.00. Following the completion of the sale, the executive vice president now directly owns 22,713 shares of the company’s stock, valued at $3,666,105.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arnoud W.A. Boot sold 800 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $145.12, for a total value of $116,096.00. The disclosure for this sale can be found here. Insiders sold 10,573 shares of company stock valued at $1,698,001 over the last three months. Corporate insiders own 0.78% of the company’s stock.

Shares of Reinsurance Group of America stock opened at $167.16 on Wednesday. The firm has a market capitalization of $10.52 billion, a P/E ratio of 13.79 and a beta of 0.65. Reinsurance Group of America Inc has a 52 week low of $129.17 and a 52 week high of $169.26. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $159.34 and its two-hundred day moving average is $154.48.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $4.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.42 by $0.60. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.45 billion. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.03 earnings per share. As a group, research analysts expect that Reinsurance Group of America Inc will post 13.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be issued a $0.70 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 23.10%.

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.

Featured Story: Outstanding Shares

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.