BB&T Corp Decreases Position in Reinsurance Group of America Inc (NYSE:RGA)

BB&T Corp lessened its holdings in Reinsurance Group of America Inc (NYSE:RGA) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,935 shares of the insurance provider’s stock after selling 64 shares during the period. BB&T Corp’s holdings in Reinsurance Group of America were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RGA. Next Capital Management LLC acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter worth $28,000. Usca Ria LLC acquired a new stake in Reinsurance Group of America in the third quarter valued at about $28,000. First Interstate Bank acquired a new stake in Reinsurance Group of America in the second quarter valued at about $29,000. Motco acquired a new stake in Reinsurance Group of America in the second quarter valued at about $31,000. Finally, Valeo Financial Advisors LLC boosted its stake in Reinsurance Group of America by 50.0% in the third quarter. Valeo Financial Advisors LLC now owns 300 shares of the insurance provider’s stock valued at $48,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Several equities analysts have commented on RGA shares. Zacks Investment Research upgraded Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price for the company in a research report on Friday, October 11th. Citigroup increased their target price on Reinsurance Group of America from $173.00 to $181.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group dropped their target price on Reinsurance Group of America from $156.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $161.80.

In related news, 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 transaction of $677,922.00. Following the completion of the sale, the executive vice president now directly owns 22,713 shares in the company, valued at approximately $3,666,105.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Hutton sold 1,500 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $160.00, for a total value of $240,000.00. Following the sale, the executive vice president now owns 14,739 shares of the company’s stock, valued at $2,358,240. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $2,761,581 over the last quarter. Company insiders own 0.78% of the company’s stock.

RGA stock traded down $1.31 during mid-day trading on Monday, reaching $164.15. The company’s stock had a trading volume of 251,625 shares, compared to its average volume of 299,208. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Reinsurance Group of America Inc has a 12 month low of $129.17 and a 12 month high of $169.26. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 13.54 and a beta of 0.65. The business’s 50 day moving average price is $162.61 and its 200 day moving average price is $156.09.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $4.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.42 by $0.60. Reinsurance Group of America had a return on equity of 8.49% and a net margin of 5.40%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the business earned $4.03 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, equities analysts expect 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. Stockholders of record on Tuesday, November 12th will be issued a $0.70 dividend. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio 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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