KBC Group NV Has $1.17 Million Holdings in Reinsurance Group of America, Incorporated (RGA)

KBC Group NV raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,415 shares of the insurance provider’s stock after acquiring an additional 1,235 shares during the quarter. KBC Group NV’s holdings in Reinsurance Group of America were worth $1,174,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of RGA. IFP Advisors Inc bought a new position in shares of Reinsurance Group of America during the second quarter valued at $207,000. Canada Pension Plan Investment Board increased its stake in shares of Reinsurance Group of America by 14.6% in the second quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock valued at $1,310,000 after buying an additional 1,300 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Reinsurance Group of America by 1.1% in the second quarter. Arizona State Retirement System now owns 27,100 shares of the insurance provider’s stock valued at $3,479,000 after buying an additional 300 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Reinsurance Group of America by 61.9% in the second quarter. First Trust Advisors LP now owns 165,763 shares of the insurance provider’s stock valued at $21,282,000 after buying an additional 63,380 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Reinsurance Group of America by 8.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 39,667 shares of the insurance provider’s stock valued at $5,156,000 after buying an additional 2,960 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on RGA shares. Royal Bank of Canada raised their target price on Reinsurance Group of America and gave the company a “market perform” rating in a research note on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $148.00 target price on shares of Reinsurance Group of America in a research note on Friday, November 10th. Wells Fargo & Company restated a “hold” rating and issued a $131.00 target price on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Goldman Sachs Group started coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 target price for the company. Finally, Citigroup set a $171.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a research note on Tuesday, November 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $141.13.

In other news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the completion of the transaction, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total value of $98,520.50. Following the transaction, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. 1.47% of the stock is owned by company insiders.

Shares of Reinsurance Group of America, Incorporated (RGA) traded down $2.65 during mid-day trading on Thursday, reaching $157.71. The company had a trading volume of 222,500 shares, compared to its average volume of 321,952. 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 firm has a market capitalization of $10,327.83, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. Reinsurance Group of America, Incorporated has a 1 year low of $121.93 and a 1 year high of $165.12.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $3.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.08 billion. Reinsurance Group of America had a return on equity of 9.32% and a net margin of 6.44%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. analysts expect that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th were given a $0.50 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. Reinsurance Group of America’s payout ratio is 16.46%.

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About Reinsurance Group of America

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

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