Mitsubishi UFJ Trust & Banking Corp decreased its position in Reinsurance Group of America Inc (NYSE:RGA) by 56.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 62,503 shares of the insurance provider’s stock after selling 81,898 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of Reinsurance Group of America worth $9,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Reinsurance Group of America during the 2nd quarter worth approximately $2,325,000. Swiss National Bank increased its position in shares of Reinsurance Group of America by 3.3% during the 2nd quarter. Swiss National Bank now owns 213,100 shares of the insurance provider’s stock worth $28,445,000 after purchasing an additional 6,900 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $211,000. Rockefeller Capital Management L.P. increased its position in shares of Reinsurance Group of America by 33.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 989,410 shares of the insurance provider’s stock worth $143,029,000 after purchasing an additional 248,223 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Reinsurance Group of America by 15.9% during the 2nd quarter. Schroder Investment Management Group now owns 932,724 shares of the insurance provider’s stock worth $35,271,000 after purchasing an additional 128,283 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Shares of NYSE RGA opened at $143.72 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. Reinsurance Group of America Inc has a one year low of $127.84 and a one year high of $164.86. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 13.26 and a beta of 0.73.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.29 by $0.74. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.20 billion. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. Equities analysts forecast that Reinsurance Group of America Inc will post 12.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 6th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.67%. Reinsurance Group of America’s payout ratio is 22.14%.

In related news, CFO Todd C. Larson sold 4,500 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total transaction of $672,210.00. Following the completion of the sale, the chief financial officer now directly owns 31,743 shares in the company, valued at approximately $4,741,769.34. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Anna Manning sold 4,034 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $148.23, for a total value of $597,959.82. Following the sale, the president now owns 20,667 shares of the company’s stock, valued at $3,063,469.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,154 shares of company stock valued at $1,656,950. Corporate insiders own 1.47% of the company’s stock.

A number of research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, November 13th. Zacks Investment Research lowered Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Monday, August 27th. Credit Suisse Group decreased their target price on Reinsurance Group of America from $155.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, August 17th. Finally, ValuEngine raised Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $146.00.

ILLEGAL ACTIVITY NOTICE: “Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Reinsurance Group of America Inc (RGA)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.watchlistnews.com/mitsubishi-ufj-trust-banking-corp-cuts-holdings-in-reinsurance-group-of-america-inc-rga/2667669.html.

About Reinsurance Group of America

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.

Featured Story: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America Inc (NYSE:RGA).

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

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.