Metropolitan Life Insurance Co. NY Has $2.88 Million Stake in Reinsurance Group of America Inc (RGA)

Metropolitan Life Insurance Co. NY lessened its position in Reinsurance Group of America Inc (NYSE:RGA) by 69.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,445 shares of the insurance provider’s stock after selling 42,223 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Reinsurance Group of America were worth $2,876,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RGA. Fieldpoint Private Securities LLC acquired a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $113,000. Captrust Financial Advisors acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $116,000. Focused Wealth Management Inc acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $156,000. Parkside Financial Bank & Trust raised its position in shares of Reinsurance Group of America by 250.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock valued at $186,000 after buying an additional 854 shares during the last quarter. Finally, Foster & Motley Inc. acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $207,000. 93.38% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Tuesday. UBS assumed coverage on shares of Reinsurance Group of America in a research report on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target for the company. Wells Fargo reaffirmed a “market perform” rating and set a $165.00 price target (up previously from $160.00) on shares of Reinsurance Group of America in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $165.00 price target on shares of Reinsurance Group of America in a research report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $153.25.

Shares of Reinsurance Group of America stock opened at $161.55 on Thursday. Reinsurance Group of America Inc has a 52-week low of $121.93 and a 52-week high of $165.12. The stock has a market cap of $10,398.91, a price-to-earnings ratio of 5.83, a PEG ratio of 1.43 and a beta of 0.75. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, January 29th. The insurance provider reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.24). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.22 billion. Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. Reinsurance Group of America’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.92 earnings per share. research analysts forecast that Reinsurance Group of America Inc will post 12.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 7.22%.

In other news, Director Arnoud W.A. Boot sold 400 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $155.26, for a total value of $62,104.00. Following the completion of the transaction, the director now directly owns 6,357 shares in the company, valued at $986,987.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan C. Henderson sold 556 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $148.84, for a total transaction of $82,755.04. Following the completion of the transaction, the director now owns 19,862 shares of the company’s stock, valued at $2,956,260.08. The disclosure for this sale can be found here. Insiders sold 1,456 shares of company stock valued at $222,659 over the last 90 days. Insiders own 1.76% of the company’s stock.

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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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