Alliancebernstein L.P. Has $239.91 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Alliancebernstein L.P. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 389.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,123,022 shares of the insurance provider's stock after purchasing an additional 893,537 shares during the period. Alliancebernstein L.P. owned 1.71% of Reinsurance Group of America worth $239,911,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC increased its holdings in shares of Reinsurance Group of America by 17.3% during the 3rd quarter. Townsquare Capital LLC now owns 1,813 shares of the insurance provider's stock worth $395,000 after acquiring an additional 267 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Reinsurance Group of America by 73.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,459 shares of the insurance provider's stock worth $7,943,000 after purchasing an additional 15,489 shares during the period. Captrust Financial Advisors increased its holdings in shares of Reinsurance Group of America by 3.5% in the third quarter. Captrust Financial Advisors now owns 15,531 shares of the insurance provider's stock valued at $3,384,000 after purchasing an additional 529 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Reinsurance Group of America in the third quarter valued at about $5,416,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $427,000. Institutional investors and hedge funds own 95.11% of the company's stock.

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Reinsurance Group of America Trading Down 7.9 %

Shares of RGA stock traded down $14.84 during trading hours on Friday, hitting $172.27. 874,362 shares of the company's stock traded hands, compared to its average volume of 403,866. The stock's 50 day simple moving average is $201.62 and its 200 day simple moving average is $212.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $11.37 billion, a PE ratio of 16.04 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 12 month low of $170.19 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. Reinsurance Group of America's dividend payout ratio is 33.15%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group reissued a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday. Morgan Stanley lowered their target price on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Evercore ISI reduced their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $232.00 to $237.00 in a research report on Wednesday. Finally, Barclays reduced 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 report on Monday, January 6th. Three investment 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $230.38.

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.