Nisa Investment Advisors LLC Trims Stake in Reinsurance Group of America Inc (RGA)

Nisa Investment Advisors LLC cut its position in Reinsurance Group of America Inc (NYSE:RGA) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,021 shares of the insurance provider’s stock after selling 2,077 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Reinsurance Group of America worth $6,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. Boston Partners boosted its stake in Reinsurance Group of America by 0.4% during the 3rd quarter. Boston Partners now owns 2,240,938 shares of the insurance provider’s stock valued at $312,678,000 after purchasing an additional 7,824 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Reinsurance Group of America by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock valued at $155,945,000 after purchasing an additional 3,981 shares during the last quarter. Schroder Investment Management Group boosted its stake in Reinsurance Group of America by 7.1% during the 3rd quarter. Schroder Investment Management Group now owns 896,676 shares of the insurance provider’s stock valued at $125,490,000 after purchasing an additional 59,385 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Reinsurance Group of America by 65.9% during the 3rd quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock valued at $110,504,000 after purchasing an additional 314,479 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Reinsurance Group of America by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 765,227 shares of the insurance provider’s stock valued at $106,772,000 after purchasing an additional 96,645 shares during the last quarter. Institutional investors own 91.50% of the company’s stock.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 500 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 26,777 shares of the company’s stock, valued at approximately $4,166,501.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the transaction, the director now directly owns 4,023 shares in the company, valued at approximately $601,438.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,159 shares of company stock worth $326,281. Insiders own 1.76% of the company’s stock.

Reinsurance Group of America Inc (RGA) opened at $163.98 on Tuesday. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $10,560.98, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.82.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.82. Reinsurance Group of America had a net margin of 6.44% and a return on equity of 9.32%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the firm earned $2.46 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts forecast that Reinsurance Group of America Inc will post 11.07 earnings per share for the current year.

A number of research firms have issued reports on RGA. Wells Fargo & Co reiterated a “market perform” rating and set a $160.00 price target (up previously from $150.00) on shares of Reinsurance Group of America in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a research note on Thursday, January 4th. Royal Bank of Canada reiterated a “hold” rating and set a $165.00 price target on shares of Reinsurance Group of America in a research note on Friday, December 8th. Citigroup set a $171.00 price target on Reinsurance Group of America and gave the company a “buy” rating in a research note on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $148.00 price target on shares of Reinsurance Group of America in a research note on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Reinsurance Group of America currently has a consensus rating of “Hold” and a consensus price target of $146.88.

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Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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