Metropolitan Life Insurance Co. NY cut its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 69.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,445 shares of the insurance provider’s stock after selling 42,223 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Reinsurance Group of America were worth $2,876,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Toronto Dominion Bank increased its stake in shares of Reinsurance Group of America by 244.2% during the third quarter. Toronto Dominion Bank now owns 2,719 shares of the insurance provider’s stock worth $379,000 after acquiring an additional 1,929 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Reinsurance Group of America by 0.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 204,088 shares of the insurance provider’s stock worth $28,476,000 after acquiring an additional 594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Reinsurance Group of America by 31.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,655 shares of the insurance provider’s stock worth $1,766,000 after acquiring an additional 3,014 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Reinsurance Group of America by 5.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,593 shares of the insurance provider’s stock worth $1,757,000 after acquiring an additional 600 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Reinsurance Group of America by 5.8% during the third quarter. TD Asset Management Inc. now owns 288,185 shares of the insurance provider’s stock worth $40,210,000 after acquiring an additional 15,858 shares during the period. Institutional investors own 93.38% of the company’s stock.

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In other Reinsurance Group of America news, Director Arnoud W.A. Boot sold 400 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $155.26, for a total value of $62,104.00. Following the sale, the director now owns 6,357 shares of the company’s stock, valued at $986,987.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $148.84, for a total transaction of $82,755.04. Following the completion of the sale, the director now directly owns 19,862 shares in the company, valued at approximately $2,956,260.08. The disclosure for this sale can be found here. Insiders sold 1,456 shares of company stock worth $222,659 in the last ninety days. Insiders own 1.76% of the company’s stock.

RGA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock 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. Wells Fargo reiterated a “market perform” rating and set a $160.00 price target (up from $150.00) on shares of Reinsurance Group of America in a research note on Tuesday, January 9th. Finally, UBS initiated coverage on shares of Reinsurance Group of America in a research note on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Reinsurance Group of America presently has an average rating of “Hold” and a consensus target price of $153.25.

Shares of Reinsurance Group of America stock opened at $161.55 on Thursday. The company has a market cap of $10,398.91, a PE ratio of 5.83, a P/E/G ratio of 1.43 and a beta of 0.75. Reinsurance Group of America Inc has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.24). The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Reinsurance Group of America had a return on equity of 8.62% and a net margin of 14.56%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.92 EPS. analysts forecast that Reinsurance Group of America Inc will post 12.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, February 7th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 7.22%.

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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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