Sit Investment Associates Inc. Sells 27,115 Shares of Reinsurance Group of America Inc (RGA)

Sit Investment Associates Inc. lessened its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 97.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the insurance provider’s stock after selling 27,115 shares during the period. Sit Investment Associates Inc.’s holdings in Reinsurance Group of America were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Boston Partners increased its stake in Reinsurance Group of America by 0.4% during the 3rd quarter. Boston Partners now owns 2,240,938 shares of the insurance provider’s stock worth $312,678,000 after acquiring an additional 7,824 shares during the period. Bank of New York Mellon Corp increased its stake in Reinsurance Group of America by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,117,646 shares of the insurance provider’s stock worth $155,945,000 after acquiring an additional 3,981 shares during the period. Schroder Investment Management Group increased its stake in Reinsurance Group of America by 7.1% during the 3rd quarter. Schroder Investment Management Group now owns 896,676 shares of the insurance provider’s stock worth $125,490,000 after acquiring an additional 59,385 shares during the period. Wells Fargo & Company MN increased its stake in Reinsurance Group of America by 65.9% during the 3rd quarter. Wells Fargo & Company MN now owns 791,981 shares of the insurance provider’s stock worth $110,504,000 after acquiring an additional 314,479 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Reinsurance Group of America by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 765,227 shares of the insurance provider’s stock worth $106,772,000 after acquiring an additional 96,645 shares during the period. Hedge funds and other institutional investors own 91.50% of the company’s stock.

RGA has been the topic of a number of recent research reports. Citigroup set a $171.00 price objective on Reinsurance Group of America and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research note on Thursday, January 4th. Goldman Sachs Group began coverage on Reinsurance Group of America in a research note on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price target on the stock. 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. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $131.00 price target on shares of Reinsurance Group of America in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $146.88.

In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total transaction of $149,960.00. Following the sale, the executive vice president now owns 27,277 shares in the company, valued at approximately $4,090,458.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John P. Laughlin, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $155.60, for a total value of $77,800.00. Following the sale, the executive vice president now owns 26,777 shares in the company, valued at approximately $4,166,501.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,159 shares of company stock worth $326,281 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Inc (RGA) opened at $162.55 on Wednesday. Reinsurance Group of America Inc has a 52 week low of $121.93 and a 52 week high of $165.12. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $10,560.98, a price-to-earnings ratio of 13.38, a PEG ratio of 1.48 and a beta of 0.82.

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 Thomson Reuters’ consensus estimate of $2.62 by $0.82. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 EPS. sell-side analysts expect that Reinsurance Group of America Inc will post 11.07 earnings per share for the current year.

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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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