Schwab Charles Investment Management Inc. cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 33.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,517 shares of the insurance provider’s stock after selling 202,142 shares during the period. Schwab Charles Investment Management Inc. owned about 0.62% of Reinsurance Group of America worth $56,024,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Reinsurance Group of America by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after acquiring an additional 4,100 shares during the last quarter. Trillium Asset Management LLC increased its holdings in Reinsurance Group of America by 0.8% in the 3rd quarter. Trillium Asset Management LLC now owns 142,795 shares of the insurance provider’s stock worth $19,924,000 after acquiring an additional 1,135 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Reinsurance Group of America in the 2nd quarter worth about $3,080,000. Airain ltd purchased a new stake in Reinsurance Group of America in the 2nd quarter worth about $1,740,000. Finally, Canada Pension Plan Investment Board increased its holdings in Reinsurance Group of America by 14.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,200 shares of the insurance provider’s stock worth $1,310,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

RGA has been the subject of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $134.00 price objective on shares of Reinsurance Group of America in a report on Tuesday, October 10th. Goldman Sachs Group initiated coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company reaffirmed a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America in a report on Friday, November 10th. Finally, Citigroup set a $171.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $138.63.

Reinsurance Group of America, Incorporated (NYSE RGA) traded up $1.00 during mid-day trading on Tuesday, reaching $161.71. The company’s stock had a trading volume of 460,400 shares, compared to its average volume of 321,840. The stock has a market cap of $10,350.38, a price-to-earnings ratio of 14.77, a PEG ratio of 1.61 and a beta of 0.82. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. 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 issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.82. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $2.46 EPS. sell-side analysts expect that Reinsurance Group of America, Incorporated will post 11.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th were given a dividend of $0.50 per share. The ex-dividend date was Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 16.46%.

In other news, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $149.50, for a total transaction of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares in the company, valued at approximately $601,438.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of Reinsurance Group of America stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $149.96, for a total value of $149,960.00. Following the sale, the executive vice president now owns 27,277 shares of the company’s stock, valued at approximately $4,090,458.92. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

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Reinsurance Group of America Profile

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.

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

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