Sawtooth Solutions LLC Buys New Position in Reinsurance Group of America Inc (NYSE:RGA)

Sawtooth Solutions LLC acquired a new stake in shares of Reinsurance Group of America Inc (NYSE:RGA) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,935 shares of the insurance provider’s stock, valued at approximately $701,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Reinsurance Group of America by 46.1% during the 4th quarter. Rhumbline Advisers now owns 157,517 shares of the insurance provider’s stock worth $22,089,000 after acquiring an additional 49,735 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $683,000. Janney Montgomery Scott LLC lifted its holdings in shares of Reinsurance Group of America by 154.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,839 shares of the insurance provider’s stock valued at $819,000 after buying an additional 3,542 shares during the period. Reliance Trust Co. of Delaware lifted its holdings in shares of Reinsurance Group of America by 7.0% in the fourth quarter. Reliance Trust Co. of Delaware now owns 2,068 shares of the insurance provider’s stock valued at $290,000 after buying an additional 136 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $4,912,000. 91.95% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on RGA. ValuEngine upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Friday, May 17th. UBS Group upped their price objective on 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, Zacks Investment Research upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $162.00 price objective for the company in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Reinsurance Group of America presently has an average rating of “Hold” and an average price target of $142.17.

In other news, EVP Alain Neemeh sold 3,668 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $148.00, for a total transaction of $542,864.00. Following the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $5,548,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

Shares of Reinsurance Group of America stock traded up $1.49 on Friday, reaching $156.03. 423,483 shares of the company were exchanged, compared to its average volume of 306,780. The business has a fifty day simple moving average of $150.81. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 12.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. Reinsurance Group of America Inc has a fifty-two week low of $127.84 and a fifty-two week high of $156.97.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.02). The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.34 billion. Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. As a group, research analysts anticipate that Reinsurance Group of America Inc will post 13.22 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Wednesday, May 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 19.80%.

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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