Hancock Whitney Corp Increases Stake in Reinsurance Group of America Inc (NYSE:RGA)

Hancock Whitney Corp raised its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,744 shares of the insurance provider’s stock after purchasing an additional 4,180 shares during the period. Hancock Whitney Corp owned 0.14% of Reinsurance Group of America worth $12,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Magnus Financial Group LLC lifted its position in Reinsurance Group of America by 3.4% during the first quarter. Magnus Financial Group LLC now owns 2,626 shares of the insurance provider’s stock valued at $373,000 after purchasing an additional 87 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in Reinsurance Group of America by 16.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 652 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 91 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in 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 lifted its position in 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. lifted its position in 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. Hedge funds and other institutional investors own 91.95% of the company’s stock.

Reinsurance Group of America stock traded up $1.11 during mid-day trading on Monday, reaching $157.14. 317,133 shares of the company traded hands, compared to its average volume of 310,539. Reinsurance Group of America Inc has a 52-week low of $127.84 and a 52-week high of $158.72. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 12.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The stock’s 50 day moving average price is $151.29.

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

Several research analysts have commented on the stock. ValuEngine raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. UBS Group lifted their target price 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. Finally, Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $162.00 target price on the stock in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $142.17.

In related news, EVP Alain Neemeh sold 3,668 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $148.00, for a total value of $542,864.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $5,548,816. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John P. Laughlin, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $156.81, for a total transaction of $470,430.00. Following the completion of the transaction, the executive vice president now owns 35,097 shares in the company, valued at approximately $5,503,560.57. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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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