AE Wealth Management LLC Has $520,000 Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

AE Wealth Management LLC lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.0% in the 2nd quarter, Holdings Channel reports. The firm owned 2,532 shares of the insurance provider’s stock after buying an additional 210 shares during the quarter. AE Wealth Management LLC’s holdings in Reinsurance Group of America were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RGA. Junto Capital Management LP acquired a new stake in Reinsurance Group of America in the 4th quarter worth approximately $92,083,000. Balyasny Asset Management L.P. acquired a new stake in shares of Reinsurance Group of America in the fourth quarter worth $67,177,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of Reinsurance Group of America by 713.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 291,125 shares of the insurance provider’s stock worth $47,098,000 after buying an additional 255,326 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Reinsurance Group of America in the 1st quarter valued at $24,918,000. Finally, Sei Investments Co. raised its holdings in Reinsurance Group of America by 18.1% in the 4th quarter. Sei Investments Co. now owns 737,875 shares of the insurance provider’s stock worth $119,373,000 after acquiring an additional 113,306 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGA. Evercore ISI lifted their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Royal Bank of Canada upped their price target on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays began coverage on shares of Reinsurance Group of America in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 price objective on the stock. UBS Group upped their target price on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, Raymond James raised their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $225.17.

Reinsurance Group of America Stock Down 0.1 %

NYSE RGA opened at $218.43 on Friday. The stock’s 50 day simple moving average is $213.26 and its 200 day simple moving average is $204.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $140.39 and a one year high of $227.87. The firm has a market cap of $14.37 billion, a PE ratio of 16.97 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $4.40 earnings per share. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 21.7 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.89 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.63%. Reinsurance Group of America’s payout ratio is currently 27.66%.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the completion of the sale, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.37% of the stock is owned by company insiders.

About Reinsurance Group of America

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.