Anderson Hoagland & Co. trimmed its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,298 shares of the insurance provider’s stock after selling 757 shares during the period. Reinsurance Group of America makes up approximately 1.1% of Anderson Hoagland & Co.’s holdings, making the stock its 26th largest holding. Anderson Hoagland & Co.’s holdings in Reinsurance Group of America were worth $1,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in Reinsurance Group of America by 24.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,006 shares of the insurance provider’s stock valued at $569,000 after acquiring an additional 776 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Reinsurance Group of America in the 1st quarter valued at $491,000. Envestnet Asset Management Inc. lifted its holdings in Reinsurance Group of America by 25.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 48,347 shares of the insurance provider’s stock valued at $6,864,000 after purchasing an additional 9,881 shares in the last quarter. GAM Holding AG lifted its holdings in Reinsurance Group of America by 4.6% in the 1st quarter. GAM Holding AG now owns 4,789 shares of the insurance provider’s stock valued at $680,000 after purchasing an additional 209 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Reinsurance Group of America by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 279,531 shares of the insurance provider’s stock valued at $39,688,000 after purchasing an additional 1,751 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

In other news, EVP William L. Hutton sold 4,200 shares of Reinsurance Group of America stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $161.41, for a total transaction of $677,922.00. Following the transaction, the executive vice president now owns 22,713 shares in the company, valued at approximately $3,666,105.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arnoud W.A. Boot sold 800 shares of Reinsurance Group of America stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.12, for a total value of $116,096.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,000 shares of company stock worth $1,271,243. Insiders own 0.78% of the company’s stock.

RGA stock traded up $0.87 during midday trading on Wednesday, reaching $151.92. The stock had a trading volume of 107,664 shares, compared to its average volume of 306,529. The company’s fifty day simple moving average is $155.39 and its 200 day simple moving average is $152.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 12.53 and a beta of 0.66. Reinsurance Group of America Inc has a 52-week low of $127.84 and a 52-week high of $163.46.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $3.31 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm earned $3.10 EPS. Sell-side analysts predict that Reinsurance Group of America Inc will post 13.02 EPS for the current year.

A number of research analysts have weighed in on RGA shares. Citigroup raised their price objective on Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a report on Friday, September 13th. Morgan Stanley raised their price objective on Reinsurance Group of America from $142.00 to $144.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. ValuEngine lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada set a $170.00 price objective on Reinsurance Group of America and gave the company a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $161.00.

Reinsurance Group of America Profile

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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