Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Reinsurance Group of America Inc (RGA)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 69.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,423 shares of the insurance provider’s stock after purchasing an additional 11,624 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Reinsurance Group of America were worth $4,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RGA. Oregon Public Employees Retirement Fund lifted its position in shares of Reinsurance Group of America by 13,803.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,536,741 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 3,511,304 shares during the period. Riverview Trust Co purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth approximately $32,000. FTB Advisors Inc. lifted its position in shares of Reinsurance Group of America by 43.4% in the 4th quarter. FTB Advisors Inc. now owns 327 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 99 shares during the period. JOYN Advisors Inc. lifted its position in shares of Reinsurance Group of America by 68.9% in the 4th quarter. JOYN Advisors Inc. now owns 434 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 177 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of Reinsurance Group of America by 16.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 91 shares during the period. 93.08% of the stock is owned by hedge funds and other institutional investors.

NYSE RGA opened at $150.69 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.13. The company has a market cap of $9.42 billion, a P/E ratio of 12.43 and a beta of 0.68. Reinsurance Group of America Inc has a 52 week low of $127.84 and a 52 week high of $155.24.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Monday, April 29th. The insurance provider reported $2.61 EPS for the quarter, missing the consensus estimate of $2.63 by ($0.02). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.34 billion. Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 EPS. Research analysts forecast that Reinsurance Group of America Inc will post 13.17 earnings per share for the current fiscal year.

Reinsurance Group of America declared that its Board of Directors has initiated a share buyback plan on Monday, January 28th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to buy up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 9th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, May 8th. This represents a $2.40 annualized dividend and a dividend yield of 1.59%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 19.80%.

In related news, SVP John W. Hayden sold 1,797 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $144.19, for a total transaction of $259,109.43. Following the completion of the transaction, the senior vice president now owns 10,733 shares in the company, valued at approximately $1,547,591.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John P. Laughlin, Jr. sold 2,753 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $143.19, for a total transaction of $394,202.07. Following the transaction, the executive vice president now owns 31,922 shares of the company’s stock, valued at approximately $4,570,911.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,533 shares of company stock valued at $1,662,897. 0.69% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on RGA shares. Zacks Investment Research cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. ValuEngine lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, UBS Group boosted their price objective on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $145.43.

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About Reinsurance Group of America

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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