Consolidated Planning Corp Purchases New Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Consolidated Planning Corp acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,384 shares of the insurance provider's stock, valued at approximately $737,000.

Several other large investors also recently modified their holdings of RGA. Armstrong Advisory Group Inc. bought a new stake in shares of Reinsurance Group of America in the third quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new stake in Reinsurance Group of America in the first quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the second quarter worth about $28,000. Family Firm Inc. purchased a new position in shares of Reinsurance Group of America during the second quarter valued at approximately $29,000. Finally, LRI Investments LLC bought a new stake in shares of Reinsurance Group of America in the 1st quarter worth approximately $33,000. 95.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Reinsurance Group of America 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 transaction of $264,734.73. Following the completion of the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at $2,705,812.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RGA. Morgan Stanley dropped their price target on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Citigroup upped their price objective on Reinsurance Group of America from $194.00 to $252.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $227.38.

Reinsurance Group of America Price Performance

RGA stock traded up $3.50 during trading on Friday, reaching $224.06. The company's stock had a trading volume of 326,556 shares, compared to its average volume of 356,719. Reinsurance Group of America, Incorporated has a 1 year low of $154.89 and a 1 year high of $227.87. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $14.76 billion, a P/E ratio of 20.57 and a beta of 0.92. The company's fifty day moving average is $216.09 and its 200-day moving average is $210.26.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the business posted $5.57 EPS. Reinsurance Group of America's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $3.56 dividend on an annualized basis and a yield of 1.59%. Reinsurance Group of America's payout ratio is presently 32.69%.

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.