Canada Pension Plan Investment Board grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 165.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,100 shares of the insurance provider’s stock after purchasing an additional 16,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Reinsurance Group of America, were worth $3,781,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in shares of Reinsurance Group of America, by 2.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,186 shares of the insurance provider’s stock worth $1,051,000 after purchasing an additional 160 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Reinsurance Group of America, by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 203,494 shares of the insurance provider’s stock worth $26,127,000 after purchasing an additional 4,100 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Reinsurance Group of America, during the 2nd quarter worth approximately $3,080,000. Airain ltd acquired a new position in shares of Reinsurance Group of America, during the 2nd quarter worth approximately $1,740,000. Finally, Capital Fund Management S.A. increased its position in shares of Reinsurance Group of America, by 54.0% during the 2nd quarter. Capital Fund Management S.A. now owns 21,400 shares of the insurance provider’s stock worth $2,748,000 after purchasing an additional 7,500 shares during the last quarter. 91.12% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America, Incorporated (RGA) opened at $150.05 on Thursday. The firm has a market capitalization of $9,643.22, a P/E ratio of 13.76, a P/E/G ratio of 1.50 and a beta of 0.80. Reinsurance Group of America, Incorporated has a 1-year low of $119.07 and a 1-year high of $152.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.11 and a current ratio of 0.11.

Reinsurance Group of America, (NYSE:RGA) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $3.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.82. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.08 billion. Reinsurance Group of America, had a return on equity of 11.36% and a net margin of 7.23%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 EPS. analysts anticipate that Reinsurance Group of America, Incorporated will post 11.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 7th will be paid a $0.50 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.33%. Reinsurance Group of America,’s dividend payout ratio (DPR) is presently 16.46%.

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In related news, EVP John P. Laughlin, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $149.96, for a total value of $149,960.00. Following the completion of the sale, the executive vice president now directly owns 27,277 shares in the company, valued at approximately $4,090,458.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Rose Detrick sold 659 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $149.50, for a total value of $98,520.50. Following the completion of the sale, the director now owns 4,023 shares of the company’s stock, valued at $601,438.50. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

A number of research firms recently weighed in on RGA. Royal Bank Of Canada set a $145.00 target price on Reinsurance Group of America, and gave the stock a “hold” rating in a report on Friday, October 27th. Wells Fargo & Company reissued a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America, in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $148.00 target price on shares of Reinsurance Group of America, in a report on Friday, November 10th. Zacks Investment Research raised Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) began coverage on Reinsurance Group of America, in a report on Wednesday, October 18th. They set a “buy” rating and a $153.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $135.25.

About Reinsurance Group of America,

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.

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

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