Segall Bryant & Hamill LLC Reduces Position in Reinsurance Group of America Inc (RGA)

Segall Bryant & Hamill LLC trimmed its position in shares of Reinsurance Group of America Inc (NYSE:RGA) by 6.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,038 shares of the insurance provider’s stock after selling 21,524 shares during the quarter. Reinsurance Group of America makes up approximately 1.0% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 24th largest position. Segall Bryant & Hamill LLC owned about 0.45% of Reinsurance Group of America worth $44,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. Captrust Financial Advisors acquired a new position in Reinsurance Group of America during the fourth quarter worth $116,000. Focused Wealth Management Inc acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $156,000. Synovus Financial Corp acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at $183,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $217,000. Finally, IBM Retirement Fund acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at $218,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Reinsurance Group of America traded down $0.92, hitting $144.92, during mid-day trading on Thursday, according to MarketBeat. 2,946 shares of the stock were exchanged, compared to its average volume of 406,218. Reinsurance Group of America Inc has a 1-year low of $125.90 and a 1-year high of $165.12. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.45 and a beta of 0.73.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, April 26th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.48 by ($0.87). Reinsurance Group of America had a return on equity of 8.04% and a net margin of 14.01%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $1.86 EPS. Reinsurance Group of America’s revenue was up 5.5% on a year-over-year basis. research analysts forecast that Reinsurance Group of America Inc will post 11.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Investors of record on Tuesday, May 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, May 7th. Reinsurance Group of America’s payout ratio is 18.45%.

In related news, EVP Timothy T. Matson purchased 300 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were bought at an average price of $149.15 per share, for a total transaction of $44,745.00. Following the acquisition, the executive vice president now directly owns 2,095 shares in the company, valued at $312,469.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Neemeh sold 2,955 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $153.66, for a total value of $454,065.30. Following the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $5,761,020.72. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. Wells Fargo & Co set a $165.00 price target on Reinsurance Group of America and gave the company a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, April 3rd. UBS Group assumed coverage on Reinsurance Group of America in a research note on Friday, March 2nd. They issued a “neutral” rating and a $168.00 price target on the stock. ValuEngine lowered Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Credit Suisse Group assumed coverage on Reinsurance Group of America in a research note on Wednesday, April 25th. They issued a “neutral” rating and a $164.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $159.78.

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.

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

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