Reinsurance Group Of America, Incorporated (NYSE:RGA) Under Analyst Spotlight

Cornelia Mascio
Agosto 13, 2017

Sumitomo Mitsui Asset Management Company LTD decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The company presently has an average rating of "Hold" and an average price target of $125.89.

Several equities analysts recently issued reports on the company. Reinsurance Group of America, now has a consensus rating of "Hold" and a consensus target price of $125.89.

Dimensional Fund Advisors Lp says it bought 1,917 shares during the last quarter increasing its exposure to Reinsurance Group of America, I by 0.1%. Finally, Wells Fargo & Company reiterated a "hold" rating on shares of Reinsurance Group of America, in a research note on Friday, April 28th. Finally, Jefferies Group LLC reduced their price target on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a "hold" rating for the company in a research report on Monday, May 1st.

TRADEMARK VIOLATION WARNING: This report was originally posted by BNB Daily and is the property of of BNB Daily. If you are viewing this report on another publication, it was stolen and reposted in violation of worldwide trademark & copyright legislation. The original version of this article can be accessed at Thus the company expects operating income per share to grow 5% to 8% and operating ROE between 10% and 12% in the intermediate term. Following the transaction, the director now owns 4,682 shares of the company's stock, valued at approximately $653,139. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $139.50, for a total transaction of $104,625.00. Following the transaction, the executive vice president now directly owns 2,430 shares in the company, valued at approximately $309,557.70. The disclosure for this purchase can be found here. Reinsurance Group of America, comprises approximately 1.0% of Forsta AP Fonden's holdings, making the stock its 27th largest position.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Reinsurance Group of America, by 3,630.1% in the first quarter. BlackRock Inc. now owns 6,064,017 shares of the insurance provider's stock worth $770,008,000 after buying an additional 5,901,447 shares in the last quarter. Neuberger Berman Grp Inc Lc invested 0.16% in Reinsurance Group of America Inc (NYSE:RGA). Israel Discount Bank of NY purchased a new position in Reinsurance Group of America, during the first quarter valued at $125,000. State Street Corp now owns 2,446,204 shares of the insurance provider's stock worth $310,607,000 after buying an additional 255,846 shares in the last quarter. The De Burlo Group Inc holds 120,950 shares with $15.22 million value, up from 59,100 last quarter. 1,854 shares valued at $240,315 were sold by EASON J CLIFF on Friday, March 3. Cubist Systematic Strategies Ltd Llc has invested 0.02% in Reinsurance Group of America Inc (NYSE:RGA). AQR Capital Management LLC now owns 1,552,081 shares of the insurance provider's stock worth $197,084,000 after buying an additional 331,580 shares during the last quarter. This is a positive change from Reinsurance Group of America, 's previous quarterly dividend of $0.41. 83,725 shares of the stock were exchanged. The company's 50-day moving average price is $130.95 and its 200 day moving average price is $127.70. The stock of Reinsurance Group of America Inc (NYSE:RGA) has "Sector Perform" rating given on Thursday, April 28 by RBC Capital Markets. Reinsurance Group of America, Incorporated has a 1-year low of $98.60 and a 1-year high of $141.89. Aberdeen Asset Mgmt Public Ltd Uk invested 0% of its portfolio in Reinsurance Group of America Inc (NYSE:RGA). The insurance provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.51. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. The firm had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the business posted $2.80 EPS. The company's quarterly revenue was up 3.0% compared to the same quarter past year. Analysts forecast that Reinsurance Group of America, will post $10.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th will be given a dividend of $0.50 per share. The ex-dividend date is Friday the 4th of August 2017. As of quarter end American International Group Inc had acquired a total of 3,054 shares growing its stake by 2.4%. Reinsurance Group of America, 's dividend payout ratio (DPR) is 13.96%.

$381,655 worth of Reinsurance Group of America Inc (NYSE:RGA) was sold by LARSON TODD C on Thursday, February 16. 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.

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