Lombard Odier Asset Management Switzerland SA boosted its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,241 shares of the insurance provider’s stock after buying an additional 379 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Reinsurance Group of America were worth $1,285,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Reinsurance Group of America by 103.3% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,441 shares of the insurance provider’s stock valued at $5,526,000 after purchasing an additional 18,008 shares during the period. Invictus RG bought a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at about $271,000. Pensionfund Sabic bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $1,559,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $2,298,000. Finally, BlackRock Inc. grew its stake in shares of Reinsurance Group of America by 0.7% during the 4th quarter. BlackRock Inc. now owns 5,904,800 shares of the insurance provider’s stock valued at $920,736,000 after acquiring an additional 42,031 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.
In other Reinsurance Group of America news, Director Alan C. Henderson sold 556 shares of Reinsurance Group of America stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $148.84, for a total value of $82,755.04. Following the sale, the director now owns 19,862 shares in the company, valued at $2,956,260.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $155.60, for a total value of $77,800.00. Following the completion of the sale, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,456 shares of company stock worth $222,659. 1.76% of the stock is currently owned by company insiders.
A number of brokerages recently issued reports on RGA. Zacks Investment Research downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group began coverage on Reinsurance Group of America in a research note on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price target for the company. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a report on Tuesday, November 21st. Wells Fargo & Co restated a “market perform” rating and set a $165.00 price target (up previously from $160.00) on shares of Reinsurance Group of America in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $165.00 price objective on shares of Reinsurance Group of America in a research report on Friday, December 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $152.63.
Shares of Reinsurance Group of America Inc (RGA) traded down $0.90 during trading hours on Wednesday, hitting $158.24. The stock had a trading volume of 261,195 shares, compared to its average volume of 334,102. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $10,190.00, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. Reinsurance Group of America Inc has a 1 year low of $121.93 and a 1 year high of $165.12.
Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.24). The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 earnings per share. research analysts expect that Reinsurance Group of America Inc will post 12.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. Reinsurance Group of America’s payout ratio is 16.68%.
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Reinsurance Group of America Company 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.
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