The Timber Hill LLC Takes Position in Reinsurance Group of America Inc (RGA)

The Timber Hill LLC Takes Position in Reinsurance Group of America Inc (RGA)

Several other hedge funds and other institutional investors also recently modified their holdings of RGA. Duncker Streett & Co. Inc. increased its position in shares of Reinsurance Group of America by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock worth $117,000 after buying an additional 263 shares during the last quarter. Israel Discount Bank of New York GFN bought a new position in shares of Reinsurance Group of America during the fourth quarter worth $124,000. Focused Wealth Management Inc bought a new position in shares of Reinsurance Group of America during the fourth quarter worth $126,000. Creative Planning increased its position in shares of Reinsurance Group of America by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Reinsurance Group of America during the first quarter worth $143,000. 92.20% of the stock is currently owned by institutional investors and hedge funds.

Timber Hill LLC purchased a new stake in shares of Reinsurance Group of America Inc (NYSE:RGA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,968 shares of the insurance provider’s stock, valued at approximately $250,000.

Reinsurance Group of America Inc (NYSE RGA) traded down 0.87% during mid-day trading on Friday, hitting $126.08. The stock had a trading volume of 304,550 shares. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 10.65 and a beta of 0.97. Reinsurance Group of America Inc has a one year low of $90.26 and a one year high of $132.79. The stock’s 50 day moving average price is $125.96 and its 200 day moving average price is $126.05.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, April 27th. The insurance provider reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $2.11 by $0.25. Reinsurance Group of America had a return on equity of 8.62% and a net margin of 6.09%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business earned $1.85 EPS. Reinsurance Group of America’s revenue was up 19.7% on a year-over-year basis. Analysts forecast that Reinsurance Group of America Inc will post $9.62 EPS for the current year. The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 30th. Shareholders of record on Tuesday, May 9th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, May 5th. This represents a $1.64 dividend on an annualized basis and a yield of 1.30%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 15.19%.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, April 27th. The insurance provider reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $2.11 by $0.25. Reinsurance Group of America had a return on equity of 8.62% and a net margin of 6.09%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business earned $1.85 EPS. Reinsurance Group of America’s revenue was up 19.7% on a year-over-year basis. Analysts forecast that Reinsurance Group of America Inc will post $9.62 EPS for the current year. A number of brokerages recently weighed in on RGA. Royal Bank of Canada reissued a “hold” rating and issued a $127.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 28th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research report on Friday, April 28th. Zacks Investment Research downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC dropped their price target on Reinsurance Group of America from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Monday, May 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $125.00 price target on shares of Reinsurance Group of America in a research report on Thursday, April 6th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $119.00.

In other Reinsurance Group of America news, Director Christine Rose Detrick sold 500 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $127.00, for a total transaction of $63,500.00. Following the transaction, the director now owns 5,432 shares in the company, valued at approximately $689,864. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.47% of the stock is owned by company insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RGA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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