Barclays PLC Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Barclays PLC boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,790 shares of the insurance provider's stock after buying an additional 5,398 shares during the period. Barclays PLC owned approximately 0.16% of Reinsurance Group of America worth $22,396,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC raised its stake in shares of Reinsurance Group of America by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock worth $539,476,000 after buying an additional 50,228 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after acquiring an additional 2,260,605 shares during the period. Sei Investments Co. boosted its position in shares of Reinsurance Group of America by 5.9% during the 2nd quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock worth $169,497,000 after purchasing an additional 45,709 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of 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 worth $104,244,000 after purchasing an additional 442,883 shares during the period. Finally, Millennium Management LLC grew its stake in shares of 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 purchasing an additional 133,212 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 0.4 %

Shares of NYSE RGA traded up $0.94 during midday trading on Friday, reaching $212.27. 496,446 shares of the stock were exchanged, compared to its average volume of 323,087. The stock has a 50 day moving average price of $220.22 and a 200-day moving average price of $214.32. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $13.98 billion, a P/E ratio of 19.49 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 52-week low of $157.48 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. During the same period in the previous year, the company earned $5.57 EPS. Reinsurance Group of America's revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.68%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RGA shares. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. TD Cowen assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a "hold" rating and a $235.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada upped their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $227.77.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction 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 transaction, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by company insiders.

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.