41,516 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 41,516 shares of the insurance provider's stock, valued at approximately $8,869,000. Assenagon Asset Management S.A. owned 0.06% of Reinsurance Group of America as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC boosted its stake in Reinsurance Group of America by 1.9% during the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock worth $539,476,000 after acquiring an additional 50,228 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after purchasing an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock worth $241,849,000 after buying an additional 18,162 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position 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 buying an additional 442,883 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Reinsurance Group of America by 43.8% during the second quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider's stock valued at $89,758,000 after buying an additional 133,212 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $0.70 during mid-day trading on Monday, reaching $223.16. 243,927 shares of the stock traded hands, compared to its average volume of 420,285. The stock has a market capitalization of $14.70 billion, a PE ratio of 20.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The business's 50-day moving average is $219.83 and its 200-day moving average is $215.94. Reinsurance Group of America, Incorporated has a 12-month low of $163.81 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.57 EPS. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio is presently 32.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RGA shares. TD Cowen started coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 target price on the stock. Raymond James raised their price objective on shares of 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 decreased 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 report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.31.

Reinsurance Group of America Company 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.