Dean Capital Investments Management LLC Has $573,000 Holdings in Reinsurance Group of America Inc (NYSE:RGA)

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Dean Capital Investments Management LLC cut its stake in shares of Reinsurance Group of America Inc (NYSE:RGA) by 6.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,585 shares of the insurance provider’s stock after selling 238 shares during the period. Dean Capital Investments Management LLC’s holdings in Reinsurance Group of America were worth $573,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RGA. Next Capital Management LLC acquired a new position in shares of Reinsurance Group of America during the second quarter worth $28,000. Usca Ria LLC acquired a new position in shares of Reinsurance Group of America during the third quarter worth $28,000. First Interstate Bank acquired a new position in shares of Reinsurance Group of America during the second quarter worth $29,000. Motco acquired a new position in shares of Reinsurance Group of America during the second quarter worth $31,000. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Reinsurance Group of America by 50.0% during the third quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock worth $48,000 after buying an additional 100 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.

NYSE RGA traded up $0.12 on Tuesday, reaching $168.20. The company had a trading volume of 14,457 shares, compared to its average volume of 252,725. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 13.88 and a beta of 0.65. Reinsurance Group of America Inc has a fifty-two week low of $129.17 and a fifty-two week high of $169.26. The business has a 50 day moving average of $159.17 and a two-hundred day moving average of $154.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $4.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.42 by $0.60. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.45 billion. Reinsurance Group of America had a return on equity of 8.49% and a net margin of 5.40%. Reinsurance Group of America’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.03 earnings per share. As a group, research analysts predict that Reinsurance Group of America Inc will post 13.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.66%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 23.10%.

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,500 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $158.15, for a total transaction of $237,225.00. Following the completion of the sale, the executive vice president now directly owns 16,239 shares in the company, valued at approximately $2,568,197.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 4,200 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $161.41, for a total value of $677,922.00. Following the sale, the executive vice president now owns 22,713 shares of the company’s stock, valued at $3,666,105.33. The disclosure for this sale can be found here. Insiders sold 10,573 shares of company stock valued at $1,698,001 over the last 90 days. 0.78% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on RGA shares. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $144.00 to $146.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 price target for the company in a report on Friday, October 11th. UBS Group lowered their price target on shares of Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Citigroup upped their price target on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, ValuEngine downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $162.20.

Reinsurance Group of America 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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