SG Americas Securities LLC Sells 14,387 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

SG Americas Securities LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 93.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,023 shares of the insurance provider’s stock after selling 14,387 shares during the quarter. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Reinsurance Group of America during the first quarter worth approximately $28,000. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America during the second quarter worth approximately $28,000. Family Firm Inc. bought a new stake in Reinsurance Group of America during the second quarter worth approximately $29,000. LRI Investments LLC bought a new stake in Reinsurance Group of America during the first quarter worth approximately $33,000. Finally, Versant Capital Management Inc increased its stake in Reinsurance Group of America by 2,062.5% during the second quarter. Versant Capital Management Inc now owns 173 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 165 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Stock Down 0.9 %

Reinsurance Group of America stock opened at $213.32 on Wednesday. The business has a fifty day moving average of $215.02 and a two-hundred day moving average of $207.91. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.05 billion, a P/E ratio of 16.60 and a beta of 0.91. Reinsurance Group of America, Incorporated has a twelve month low of $144.74 and a twelve month high of $227.87.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. Reinsurance Group of America’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.40 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.89 per share. The ex-dividend date was Friday, August 9th. This represents a $3.56 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. Reinsurance Group of America’s dividend payout ratio is currently 27.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on RGA. Jefferies Financial Group upped their target price on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays cut their target price on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Raymond James upped their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $226.62.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.