AQR Capital Management LLC Lowers Position in Reinsurance Group of America Inc (NYSE:RGA)

AQR Capital Management LLC lessened its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,223,121 shares of the insurance provider’s stock after selling 88,299 shares during the quarter. AQR Capital Management LLC owned about 1.95% of Reinsurance Group of America worth $190,097,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Next Capital Management LLC purchased a new position in Reinsurance Group of America during the second quarter worth about $28,000. Icon Wealth Partners LLC purchased a new position in Reinsurance Group of America during the first quarter worth about $29,000. First Interstate Bank purchased a new position in Reinsurance Group of America during the second quarter worth about $29,000. Motco purchased a new position in Reinsurance Group of America during the second quarter worth about $31,000. Finally, Advisory Services Network LLC raised its holdings in Reinsurance Group of America by 2,806.3% during the second quarter. Advisory Services Network LLC now owns 465 shares of the insurance provider’s stock worth $73,000 after purchasing an additional 449 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

In other Reinsurance Group of America news, EVP William L. Hutton sold 4,200 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $161.41, for a total transaction of $677,922.00. Following the completion of the transaction, the executive vice president now directly owns 22,713 shares of the company’s stock, valued at approximately $3,666,105.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arnoud W.A. Boot sold 800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $145.12, for a total transaction of $116,096.00. The disclosure for this sale can be found here. In the last three months, insiders sold 8,000 shares of company stock worth $1,271,243. Insiders own 0.78% of the company’s stock.

NYSE RGA traded up $2.60 during mid-day trading on Friday, reaching $154.74. 370,312 shares of the stock were exchanged, compared to its average volume of 305,773. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $9.71 billion, a PE ratio of 12.77 and a beta of 0.66. Reinsurance Group of America Inc has a 1-year low of $127.84 and a 1-year high of $163.46. The business’s fifty day simple moving average is $155.64 and its 200 day simple moving average is $152.23.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $3.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.37 by ($0.06). Reinsurance Group of America had a return on equity of 9.19% and a net margin of 5.85%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business earned $3.10 EPS. On average, analysts anticipate that Reinsurance Group of America Inc will post 13.02 EPS for the current year.

Several research analysts recently issued reports on RGA shares. ValuEngine cut shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group lowered 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 report on Thursday. Citigroup upped their target price on shares of Reinsurance Group of America from $173.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $160.00 target price on the stock in a research report on Friday. Finally, Morgan Stanley upped their target price on shares of Reinsurance Group of America from $142.00 to $144.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. 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 stock presently has an average rating of “Hold” and a consensus target price of $161.80.

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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