Bridgewater Associates LP Buys 10,411 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Bridgewater Associates LP raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 51.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,638 shares of the insurance provider's stock after purchasing an additional 10,411 shares during the period. Bridgewater Associates LP's holdings in Reinsurance Group of America were worth $6,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of Reinsurance Group of America during the second quarter valued at approximately $28,000. Family Firm Inc. purchased a new position in Reinsurance Group of America during the second quarter valued at $29,000. LRI Investments LLC purchased a new position in shares of Reinsurance Group of America in the 1st quarter worth about $33,000. Finally, Wolff Wiese Magana LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter valued at about $34,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGA has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Barclays upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Raymond James upped their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price target on the stock. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.77.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded down $1.06 during mid-day trading on Friday, hitting $228.40. 227,007 shares of the company's stock traded hands, compared to its average volume of 354,945. The company has a market capitalization of $15.04 billion, a P/E ratio of 20.97 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 1 year low of $157.48 and a 1 year high of $233.81. 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 company's 50-day moving average is $220.25 and its two-hundred day moving average is $213.73.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.57 earnings per share. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is 32.69%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company's stock, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.37% of the company's stock.

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.