Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 41.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 863 shares of the insurance provider’s stock after purchasing an additional 254 shares during the period. GAMMA Investing LLC’s holdings in Reinsurance Group of America were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RGA. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America during the third quarter worth about $34,000. Private Trust Co. NA lifted its holdings in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RGA shares. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Raymond James increased their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Barclays cut their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Price Performance

RGA opened at $221.82 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The company’s 50 day simple moving average is $219.44 and its 200 day simple moving average is $215.16. The stock has a market capitalization of $14.61 billion, a PE ratio of 20.37 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $5.57 EPS. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.