Redpoint Investment Management Pty Ltd boosted its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,008 shares of the insurance provider’s stock after acquiring an additional 1,660 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Reinsurance Group of America were worth $4,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RGA. Federated Investors Inc. PA lifted its position in Reinsurance Group of America by 2,249.4% during the 3rd quarter. Federated Investors Inc. PA now owns 541,432 shares of the insurance provider’s stock worth $78,269,000 after acquiring an additional 518,386 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Reinsurance Group of America by 4,168.7% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 516,642 shares of the insurance provider’s stock worth $74,686,000 after purchasing an additional 504,539 shares during the period. Rockefeller Capital Management L.P. increased its holdings 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 purchasing an additional 248,223 shares during the period. Strs Ohio increased its holdings in shares of Reinsurance Group of America by 2,614.7% during the 4th quarter. Strs Ohio now owns 138,314 shares of the insurance provider’s stock worth $19,395,000 after purchasing an additional 133,219 shares during the period. Finally, Nuance Investments LLC increased its holdings in shares of Reinsurance Group of America by 27.5% during the 3rd quarter. Nuance Investments LLC now owns 551,020 shares of the insurance provider’s stock worth $79,618,000 after purchasing an additional 118,692 shares during the period. 98.16% of the stock is owned by hedge funds and other institutional investors.

NYSE RGA opened at $142.32 on Monday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 11.74 and a beta of 0.68. Reinsurance Group of America Inc has a twelve month low of $127.84 and a twelve month high of $163.00. The company has a current ratio of 0.13, a quick ratio of 0.12 and a debt-to-equity ratio of 0.33.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Monday, January 28th. The insurance provider reported $3.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.08. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Reinsurance Group of America had a net margin of 5.56% and a return on equity of 9.11%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.60 earnings per share. As a group, research analysts anticipate that Reinsurance Group of America Inc will post 13.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 7th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 1.69%. Reinsurance Group of America’s payout ratio is currently 19.80%.

Reinsurance Group of America announced that its Board of Directors has authorized a stock buyback program on Monday, January 28th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Several research analysts have recently issued reports on RGA shares. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, November 13th. 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 upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, 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 objective on the stock in a report on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $148.14.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 2,753 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $143.19, for a total transaction of $394,202.07. Following the sale, the executive vice president now directly owns 31,922 shares of the company’s stock, valued at $4,570,911.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Anna Manning sold 4,034 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $148.23, for a total transaction of $597,959.82. Following the sale, the president now directly owns 20,667 shares in the company, valued at $3,063,469.41. The disclosure for this sale can be found here. In the last three months, insiders purchased 400 shares of company stock worth $53,620 and sold 8,787 shares worth $1,288,422. Insiders own 0.69% of the company’s stock.

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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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