State Board of Administration of Florida Retirement System grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,489 shares of the insurance provider’s stock after purchasing an additional 1,650 shares during the period. State Board of Administration of Florida Retirement System owned about 0.14% of Reinsurance Group of America, worth $12,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Syntal Capital Partners LLC grew its position in Reinsurance Group of America, by 13.5% in the 3rd quarter. Syntal Capital Partners LLC now owns 4,528 shares of the insurance provider’s stock worth $631,000 after purchasing an additional 539 shares during the last quarter. Artemis Investment Management LLP grew its position in Reinsurance Group of America, by 53.6% in the 3rd quarter. Artemis Investment Management LLP now owns 31,355 shares of the insurance provider’s stock worth $4,374,000 after purchasing an additional 10,945 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Reinsurance Group of America, by 165.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 27,100 shares of the insurance provider’s stock worth $3,781,000 after purchasing an additional 16,900 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Reinsurance Group of America, in the 3rd quarter worth $1,247,000. Finally, Pictet Asset Management Ltd. grew its position in Reinsurance Group of America, by 2.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 24,800 shares of the insurance provider’s stock worth $3,460,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

In other news, Director Christine Rose Detrick sold 659 shares of Reinsurance Group of America, stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total transaction of $98,520.50. Following the sale, the director now directly owns 4,023 shares in the company, valued at approximately $601,438.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan C. Henderson sold 440 shares of Reinsurance Group of America, stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $139.87, for a total transaction of $61,542.80. Following the sale, the director now owns 20,418 shares in the company, valued at $2,855,865.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,040 shares of company stock worth $583,258. 1.47% of the stock is owned by company insiders.

Shares of Reinsurance Group of America, Incorporated (NYSE RGA) opened at $149.62 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.34. Reinsurance Group of America, Incorporated has a 12-month low of $114.78 and a 12-month high of $152.19. The firm has a market cap of $9,726.30, a PE ratio of 13.88, a PEG ratio of 1.52 and a beta of 0.80.

Reinsurance Group of America, (NYSE:RGA) last issued its earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.82. Reinsurance Group of America, had a net margin of 6.44% and a return on equity of 9.32%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the business earned $2.46 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Reinsurance Group of America,’s dividend payout ratio (DPR) is currently 16.46%.

Several analysts have issued reports on RGA shares. Zacks Investment Research lowered shares of Reinsurance Group of America, from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Goldman Sachs Group, Inc. (The) started coverage on shares of Reinsurance Group of America, in a research report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target on the stock. Royal Bank Of Canada set a $134.00 price target on shares of Reinsurance Group of America, and gave the stock a “hold” rating in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $137.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company restated a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America, in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $135.25.

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Reinsurance Group of America, Company 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.

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

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