People s United Financial Inc. lifted its position in Reinsurance Group of America Inc (NYSE:RGA) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,220 shares of the insurance provider’s stock after purchasing an additional 387 shares during the period. People s United Financial Inc.’s holdings in Reinsurance Group of America were worth $1,478,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RGA. Robecosam AG bought a new position in shares of Reinsurance Group of America in the second quarter worth approximately $133,000. Iberiabank Corp bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $205,000. Fulton Bank N.A. bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $211,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Reinsurance Group of America in the second quarter worth approximately $218,000. Finally, Twin Tree Management LP bought a new position in shares of Reinsurance Group of America in the third quarter worth approximately $243,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

In related news, President Anna Manning sold 4,034 shares of the firm’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 completion of the sale, the president now owns 20,667 shares of the company’s stock, valued at $3,063,469.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd C. Larson sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $149.38, for a total value of $672,210.00. Following the completion of the sale, the chief financial officer now directly owns 31,743 shares of the company’s stock, valued at approximately $4,741,769.34. The disclosure for this sale can be found here. Insiders sold 11,154 shares of company stock valued at $1,656,950 in the last ninety days. 1.47% of the stock is currently owned by insiders.

RGA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a report on Thursday, October 4th. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $131.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, November 13th. Credit Suisse Group cut their target price on shares of 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 research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $146.00.

Shares of RGA stock opened at $139.60 on Friday. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $164.86. The firm has a market capitalization of $9.02 billion, a P/E ratio of 12.67 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.32.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.74. Reinsurance Group of America had a return on equity of 8.26% and a net margin of 14.21%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Sell-side analysts anticipate that Reinsurance Group of America Inc will post 12.16 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Tuesday, November 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, November 5th. Reinsurance Group of America’s payout ratio is 22.14%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/reinsurance-group-of-america-inc-rga-stake-lifted-by-people-s-united-financial-inc/2670479.html.

Reinsurance Group of America Company 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.

See Also: Stock Symbols, CUSIP and Other Stock Identifiers

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.