Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,169 shares of the insurance provider’s stock after acquiring an additional 169 shares during the quarter. Private Advisor Group LLC’s holdings in Reinsurance Group of America were worth $908,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC raised its position in shares of Reinsurance Group of America by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after purchasing an additional 50,228 shares in the last quarter. Sei Investments Co. increased its stake in shares of Reinsurance Group of America by 5.9% in the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider’s stock worth $169,497,000 after buying an additional 45,709 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Reinsurance Group of America by 2.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider’s stock valued at $112,668,000 after acquiring an additional 15,926 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Reinsurance Group of America by 681.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after acquiring an additional 442,883 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Reinsurance Group of America by 43.8% during the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock worth $89,758,000 after acquiring an additional 133,212 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RGA shares. Raymond James increased 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, September 24th. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 target price on the stock. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $226.62.

Reinsurance Group of America Price Performance

NYSE RGA opened at $215.17 on Friday. The company has a 50-day moving average price of $215.72 and a two-hundred day moving average price of $209.02. Reinsurance Group of America, Incorporated has a 52 week low of $146.16 and a 52 week high of $227.87. The stock has a market cap of $14.17 billion, a price-to-earnings ratio of 16.74 and a beta of 0.91. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.11 by $1.02. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.57 EPS. Analysts forecast that Reinsurance Group of America, Incorporated will post 21.8 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, November 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.70%.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

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.