Blue Trust Inc. lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,378 shares of the insurance provider's stock after acquiring an additional 1,449 shares during the quarter. Blue Trust Inc.'s holdings in Reinsurance Group of America were worth $1,390,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $25,000. Private Trust Co. NA boosted its stake in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 120 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $34,000. Strengthening Families & Communities LLC bought a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Reinsurance Group of America during the third quarter valued at approximately $37,000. 95.11% of the stock is owned by hedge funds and other institutional investors.
Reinsurance Group of America Stock Performance
Shares of NYSE:RGA traded down $1.48 on Wednesday, hitting $228.46. 217,494 shares of the company were exchanged, compared to its average volume of 383,027. Reinsurance Group of America, Incorporated has a 1-year low of $163.81 and a 1-year high of $233.81. The stock's 50 day moving average price is $219.26 and its 200 day moving average price is $216.80. 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 firm has a market capitalization of $15.05 billion, a P/E ratio of 20.91 and a beta of 0.94.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (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 quarter last year, the company posted $5.57 earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.
Reinsurance Group of America Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.56%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on RGA shares. Wells Fargo & Company increased their price objective 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. Royal Bank of Canada raised their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a "hold" rating and a $235.00 target price for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.31.
View Our Latest Report on RGA
About Reinsurance Group of America
(
Free Report)
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.
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