Pictet Asset Management Ltd. grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,800 shares of the insurance provider’s stock after acquiring an additional 600 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Reinsurance Group of America, were worth $3,460,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. First Quadrant L P CA increased its stake in shares of Reinsurance Group of America, by 23.2% in the 3rd quarter. First Quadrant L P CA now owns 161,614 shares of the insurance provider’s stock valued at $22,550,000 after acquiring an additional 30,455 shares during the last quarter. Korea Investment CORP increased its stake in shares of Reinsurance Group of America, by 57.2% in the 3rd quarter. Korea Investment CORP now owns 38,200 shares of the insurance provider’s stock valued at $5,330,000 after acquiring an additional 13,900 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Reinsurance Group of America, by 2.8% in the 3rd quarter. First Trust Advisors LP now owns 170,336 shares of the insurance provider’s stock valued at $23,767,000 after acquiring an additional 4,573 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Reinsurance Group of America, in the 3rd quarter valued at about $600,000. Finally, APG Asset Management N.V. increased its stake in shares of Reinsurance Group of America, by 55.3% in the 3rd quarter. APG Asset Management N.V. now owns 23,300 shares of the insurance provider’s stock valued at $3,251,000 after acquiring an additional 8,300 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

A number of brokerages have recently commented on RGA. Royal Bank Of Canada set a $145.00 price target on Reinsurance Group of America, and gave the company a “hold” rating in a research note on Friday, October 27th. Wells Fargo & Company reissued a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America, in a research note on Friday. Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Reinsurance Group of America, in a research note on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $135.25.

In other Reinsurance Group of America, news, EVP John P. Laughlin, Jr. sold 1,941 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $140.77, for a total transaction of $273,234.57. Following the completion of the transaction, the executive vice president now owns 28,218 shares of the company’s stock, valued at approximately $3,972,247.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John P. Laughlin, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the transaction, the executive vice president now directly 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. In the last ninety days, insiders have sold 3,600 shares of company stock valued at $521,715. Insiders own 1.76% of the company’s stock.

Shares of Reinsurance Group of America, Incorporated (NYSE:RGA) opened at $149.62 on Monday. Reinsurance Group of America, Incorporated has a 52 week low of $114.78 and a 52 week high of $152.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $9,636.13, a P/E ratio of 13.75, a P/E/G ratio of 1.50 and a beta of 0.80.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.82. Reinsurance Group of America, had a return on equity of 9.32% and a net margin of 6.44%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. The business’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 company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, November 6th. Reinsurance Group of America,’s dividend payout ratio (DPR) is currently 16.46%.

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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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