Public Employees Retirement System of Ohio Sells 7,905 Shares of Reinsurance Group of America Inc (NYSE:RGA)

Public Employees Retirement System of Ohio decreased its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 15.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,414 shares of the insurance provider’s stock after selling 7,905 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Reinsurance Group of America worth $6,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RGA. Nuance Investments LLC increased its holdings in shares of Reinsurance Group of America by 70.3% during the second quarter. Nuance Investments LLC now owns 1,028,265 shares of the insurance provider’s stock valued at $160,440,000 after acquiring an additional 424,469 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Reinsurance Group of America by 17,390.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 294,360 shares of the insurance provider’s stock valued at $45,928,000 after purchasing an additional 292,677 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Reinsurance Group of America by 54.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 562,384 shares of the insurance provider’s stock worth $89,914,000 after buying an additional 199,394 shares during the last quarter. Boston Partners raised its holdings in Reinsurance Group of America by 10.3% during the second quarter. Boston Partners now owns 2,004,036 shares of the insurance provider’s stock worth $312,711,000 after buying an additional 187,441 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Reinsurance Group of America by 158.5% during the second quarter. JPMorgan Chase & Co. now owns 222,322 shares of the insurance provider’s stock worth $34,358,000 after buying an additional 136,306 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on RGA shares. Citigroup lifted their price objective on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a report on Friday, September 13th. Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price for the company in a research report on Friday, October 11th. Finally, UBS Group lowered their target price on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Reinsurance Group of America currently has an average rating of “Hold” and a consensus price target of $161.80.

RGA stock opened at $164.15 on Tuesday. The firm has a market capitalization of $10.36 billion, a PE ratio of 13.54 and a beta of 0.65. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Reinsurance Group of America Inc has a twelve month low of $129.17 and a twelve month high of $169.26. The stock’s 50 day moving average is $162.61 and its 200-day moving average is $156.09.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 1.71%. Reinsurance Group of America’s dividend payout ratio (DPR) is 23.10%.

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,500 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $160.00, for a total value of $240,000.00. Following the completion of the sale, the executive vice president now owns 14,739 shares in the company, valued at approximately $2,358,240. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John P. Laughlin, Jr. sold 2,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $167.60, for a total transaction of $335,200.00. Following the completion of the sale, the executive vice president now owns 34,097 shares of the company’s stock, valued at approximately $5,714,657.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $2,761,581 over the last ninety days. Insiders own 0.78% of the company’s stock.

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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