FMR LLC & Abigail Johnson Disclose 8.46% Stake in RGA
Ticker: RZC · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 898174
| Field | Detail |
|---|---|
| Company | Reinsurance Group Of America Inc (RZC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own 8.46% of RGA, signaling continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Reinsurance Group of America Inc. (RGA). As of December 31, 2023, they collectively beneficially own 5,575,253 shares of RGA's common stock, representing 8.459% of the company. This filing indicates a significant, but not controlling, interest by a major institutional investor, which can signal confidence in RGA's long-term prospects to current and potential shareholders.
Why It Matters
This filing shows that a large, influential investment firm and its leader maintain a substantial position in RGA, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, indicating a stable, significant institutional ownership, which generally reduces perceived risk.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a stable long-term view from a major player, but this filing alone doesn't indicate new buying or selling activity.
Key Numbers
- 5,575,253 — Shares Beneficially Owned (Represents the total common stock shares of REINSURANCE GROUP OF AMERICA INC held by FMR LLC and Abigail P. Johnson.)
- 8.459% — Percent of Class (Indicates the proportion of REINSURANCE GROUP OF AMERICA INC's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — the reporting person and parent holding company
- Abigail P. Johnson (person) — the principal owner of FMR LLC, also a reporting person
- REINSURANCE GROUP OF AMERICA INC (company) — the subject company (issuer) of the securities
- 5,575,253 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 8.459% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant ownership stake in REINSURANCE GROUP OF AMERICA INC. (FMR LLC) — high confidence, target: Next 12-24 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of REINSURANCE GROUP OF AMERICA INC common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 5,575,253 shares of REINSURANCE GROUP OF AMERICA INC common stock, as indicated in Item 7 and Item 4(a) of their respective sections.
What percentage of REINSURANCE GROUP OF AMERICA INC's common stock do the reporting persons collectively own?
FMR LLC and Abigail P. Johnson collectively own 8.459% of the class of REINSURANCE GROUP OF AMERICA INC's common stock, as shown in Item 11 and Item 4(b) for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box at the beginning of the filing and in Item 3.
What is the CUSIP number for the common stock of REINSURANCE GROUP OF AMERICA INC?
The CUSIP number for the common stock of REINSURANCE GROUP OF AMERICA INC is 759351604, as stated in the filing's header and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding REINSURANCE GROUP OF AMERICA INC (RZC).