BNP Paribas Arbitrage SA Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

BNP Paribas Arbitrage SA lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 136.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,273 shares of the insurance provider’s stock after purchasing an additional 34,168 shares during the period. BNP Paribas Arbitrage SA’s holdings in Reinsurance Group of America were worth $6,490,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Willis Investment Counsel grew its stake in Reinsurance Group of America by 19.2% in the 3rd quarter. Willis Investment Counsel now owns 150,098 shares of the insurance provider’s stock valued at $16,700,000 after buying an additional 24,229 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in Reinsurance Group of America by 14.1% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 117,242 shares of the insurance provider’s stock valued at $13,044,000 after buying an additional 14,456 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Reinsurance Group of America by 4.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 397,779 shares of the insurance provider’s stock valued at $44,257,000 after buying an additional 15,843 shares in the last quarter. Crestline Management LP purchased a new position in Reinsurance Group of America in the 3rd quarter valued at approximately $3,044,000. Finally, Inspire Investing LLC purchased a new position in Reinsurance Group of America in the 3rd quarter valued at approximately $235,000. Institutional investors own 96.37% of the company’s stock.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 4,300 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $113.34, for a total value of $487,362.00. Following the completion of the sale, the director now directly owns 1,618 shares of the company’s stock, valued at $183,384.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

A number of research analysts recently weighed in on RGA shares. TheStreet lowered shares of Reinsurance Group of America from a “b-” rating to a “c” rating in a research note on Thursday, May 5th. Jefferies Financial Group began coverage on shares of Reinsurance Group of America in a report on Tuesday, January 25th. They issued a “buy” rating and a $130.00 price target for the company. Credit Suisse Group raised their price target on shares of Reinsurance Group of America from $76.00 to $80.00 and gave the company an “underperform” rating in a report on Thursday, March 3rd. Zacks Investment Research raised shares of Reinsurance Group of America from a “strong sell” rating to a “hold” rating and set a $116.00 price target for the company in a report on Wednesday, April 6th. Finally, Morgan Stanley cut their price target on shares of Reinsurance Group of America from $125.00 to $123.00 and set an “underweight” rating for the company in a report on Friday, February 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $122.10.

NYSE RGA opened at $117.91 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $94.32 and a 52-week high of $129.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $7.90 billion, a P/E ratio of 19.43 and a beta of 1.10. The company has a fifty day moving average of $109.54 and a 200-day moving average of $110.11.

Reinsurance Group of America (NYSE:RGAGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $1.02. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reinsurance Group of America had a net margin of 2.52% and a return on equity of 1.59%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.24) EPS. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 9.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, May 16th. Reinsurance Group of America’s dividend payout ratio is presently 48.11%.

About Reinsurance Group of America (Get Rating)

Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

Further Reading

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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