Public Employees Retirement System of Ohio Grows Holdings in Reinsurance Group of America Inc (NYSE:RGA)

Public Employees Retirement System of Ohio increased its holdings in shares of Reinsurance Group of America Inc (NYSE:RGA) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,110 shares of the insurance provider’s stock after acquiring an additional 5,431 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Reinsurance Group of America worth $6,045,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Daiwa SB Investments Ltd. lifted its stake in shares of Reinsurance Group of America by 11.1% in the fourth quarter. Daiwa SB Investments Ltd. now owns 700 shares of the insurance provider’s stock worth $98,000 after buying an additional 70 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Reinsurance Group of America by 16.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock worth $91,000 after buying an additional 91 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Reinsurance Group of America by 7.8% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,274 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 92 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Reinsurance Group of America by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,451 shares of the insurance provider’s stock valued at $764,000 after purchasing an additional 99 shares during the last quarter. Finally, FTB Advisors Inc. raised its holdings in shares of Reinsurance Group of America by 43.4% during the fourth quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 99 shares during the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Monday, February 25th. UBS Group boosted their price objective on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, ValuEngine cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Reinsurance Group of America presently has a consensus rating of “Hold” and an average target price of $145.43.

In other Reinsurance Group of America news, EVP John P. Laughlin, Jr. sold 2,753 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $143.19, for a total transaction of $394,202.07. Following the completion of the sale, the executive vice president now directly owns 31,922 shares of the company’s stock, valued at $4,570,911.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan C. Henderson sold 947 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $145.00, for a total transaction of $137,315.00. Following the sale, the director now directly owns 18,915 shares of the company’s stock, valued at $2,742,675. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,533 shares of company stock valued at $1,662,897. 0.69% of the stock is owned by corporate insiders.

Shares of RGA traded down $1.11 during mid-day trading on Wednesday, hitting $149.21. 207,391 shares of the company traded hands, compared to its average volume of 331,696. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.33. Reinsurance Group of America Inc has a 1 year low of $127.84 and a 1 year high of $159.95. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 12.31 and a beta of 0.67.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, January 28th. The insurance provider reported $3.46 EPS for the quarter, beating the Zacks’ consensus estimate of $3.38 by $0.08. Reinsurance Group of America had a net margin of 5.56% and a return on equity of 9.11%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, analysts expect that Reinsurance Group of America Inc will post 13.22 earnings per share for the current year.

Reinsurance Group of America declared that its board has authorized a share buyback program on Monday, January 28th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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