Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Boston Partners

Xavier Trudeau
Août 13, 2017

Barometer Capital Management Inc. cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 95.7% during the second quarter, according to its most recent disclosure with the SEC. Boston Partners now owns 2,427,710 shares of the insurance provider's stock worth $308,271,000 after buying an additional 263,746 shares in the last quarter.

Hedge funds have recently modified their holdings of the company. Finally, James Investment Research Inc. acquired a new position in shares of Reinsurance Group of America, during the first quarter worth about $143,000. UBS Asset Management Americas Inc. now owns 147,863 shares of the insurance provider's stock valued at $18,604,000 after buying an additional 73,733 shares during the period. Oakbrook Invests Lc has invested 0.05% in Reinsurance Group of America Inc (NYSE:RGA). Janus Capital Management LLC raised its stake in shares of Reinsurance Group of America, by 564.5% in the first quarter. In the last three months, insiders have sold 12,589 shares of company stock worth $1,761,582. Creative Planning increased its position in shares of Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider's stock worth $133,000 after buying an additional 33 shares during the period. $240,315 worth of Reinsurance Group of America Inc (NYSE:RGA) was sold by EASON J CLIFF on Friday, March 3. The Schwartz Investment Counsel Inc holds 36,000 shares with $4.53 million value, down from 48,000 last quarter.

The company is now down from yesterday's close of $138.87.

Reinsurance Group of America, Incorporated has a 50 day moving average of 133.24 and a 200 day moving average of 128.40. The stock of Reinsurance Group of America Inc (NYSE:RGA) has "Hold" rating given on Friday, July 28 by RBC Capital Markets. Reinsurance Group Of America now has $9.01 billion valuation. The stock of Reinsurance Group of America Inc (NYSE:RGA) earned "Buy" rating by Citigroup on Thursday, January 26. "The insurance provider reported $2.95 earnings per share for the quarter, beating the Thomson Reuters" consensus estimate of $2.44 by $0.51. The business had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3 billion. Reinsurance Group of America, had a net margin of 6.33% and a return on equity of 8.48%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Sumitomo Life Insurance Co. now owns 20,774 shares of the insurance provider's stock valued at $2,667,000 after buying an additional 2,803 shares during the last quarter. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post $10.21 earnings per share for the current fiscal year.

The company declared a dividend which will be paid on Tuesday the 29th of August 2017. Stockholders of record on Tuesday, August 8th will be issued a dividend of $0.50 per share. The dividend yield will be $1.18. Nasdaq.com's news article titled: "Ex-Dividend Reminder: Reinsurance Group of America, Skyworks Solutions and DCP ..." with publication date: August 02, 2017 was also an interesting one. This is a boost from Reinsurance Group of America, 's previous quarterly dividend of $0.41.

01/03/2017 - Reinsurance Group of America, Incorporated was downgraded to "neutral" by analysts at Goldman Sachs.

In other Reinsurance Group of America, news, EVP Timothy T. Matson purchased 500 shares of Reinsurance Group of America, stock in a transaction dated Wednesday, June 21st. If you are accessing this news story on another website, it was illegally copied and republished in violation of U.S. & global copyright & trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/08/09/reinsurance-group-of-america-incorporated-nyserga-receives-122-44-consensus-price-target-from-analysts-updated-updated.html.

A number of research firms recently commented on RGA.

RGA has been the subject of several research reports.

Dimensional Fund Advisors Lp increased its investment in Reinsurance Group of America, I by 1,917 shares as reported in a filing on 08/11/2017.

07/06/2016 - Evercore ISI began new coverage on Reinsurance Group of America, Incorporated giving the company a "hold" rating. Royal Bank Of Canada reissued a "hold" rating and issued a $127.00 price target on shares of Reinsurance Group of America, in a report on Friday, April 28th. Jefferies Group LLC decreased their target price on Reinsurance Group of America, from $80.00 to $77.00 and set a "hold" rating for the company in a research note on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $137.00 target price on shares of Reinsurance Group of America, in a research note on Thursday, August 3rd. The stock declined 0.58% or $0.81 reaching $138.11 per share. 1,000 PVH Corp (NYSE:PVH) shares with value of $101,721 were sold by FISCHER MARK D. Following the completion of the acquisition, the executive vice president now owns 2,430 shares in the company, valued at approximately $309,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were purchased at an average cost of $127.39 per share, with a total value of $63,695.00. The disclosure for this purchase can be found here. The fund owned 285,729 shares of the insurance provider's stock after selling 43,616 shares during the period.

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