Parallel Advisors LLC Has $226,000 Holdings in Reinsurance Group of America Inc (NYSE:RGA)

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Parallel Advisors LLC lessened its stake in Reinsurance Group of America Inc (NYSE:RGA) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,411 shares of the insurance provider’s stock after selling 155 shares during the quarter. Parallel Advisors LLC’s holdings in Reinsurance Group of America were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Next Capital Management LLC bought a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $28,000. Usca Ria LLC bought a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $28,000. First Interstate Bank bought a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $29,000. Motco bought a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $31,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Reinsurance Group of America by 50.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.42% of the company’s stock.

In related news, EVP William L. Hutton sold 1,500 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $158.15, for a total transaction of $237,225.00. Following the transaction, the executive vice president now owns 16,239 shares of the company’s stock, valued at approximately $2,568,197.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alka Gautam sold 2,573 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.86, for a total transaction of $426,757.78. Following the transaction, the chief executive officer now directly owns 11,082 shares in the company, valued at approximately $1,838,060.52. The disclosure for this sale can be found here. Insiders have sold a total of 10,573 shares of company stock worth $1,698,001 in the last three months. 0.78% of the stock is owned by insiders.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada set a $170.00 target price on shares of Reinsurance Group of America and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $144.00 to $146.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. UBS Group reduced their target price on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Citigroup raised their target price on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, ValuEngine lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $162.20.

Reinsurance Group of America stock traded up $0.33 during midday trading on Friday, hitting $167.95. 151,162 shares of the stock were exchanged, compared to its average volume of 301,284. The company has a fifty day simple moving average of $158.78 and a two-hundred day simple moving average of $154.23. Reinsurance Group of America Inc has a 52 week low of $129.17 and a 52 week high of $169.26. The stock has a market capitalization of $10.34 billion, a PE ratio of 13.86 and a beta of 0.65. The company has a quick ratio of 0.13, a current ratio of 0.12 and a debt-to-equity ratio of 0.29.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.42 by $0.60. Reinsurance Group of America had a net margin of 5.40% and a return on equity of 8.49%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the firm earned $4.03 EPS. Reinsurance Group of America’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Reinsurance Group of America Inc will post 13.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.70 per share. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, November 8th. This represents a $2.80 annualized dividend and a yield of 1.67%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 23.10%.

Reinsurance Group of America Company Profile

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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