Caisse DE Depot ET Placement DU Quebec Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Caisse DE Depot ET Placement DU Quebec bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,859 shares of the insurance provider's stock, valued at approximately $5,416,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RGA. Cetera Investment Advisers grew its position in shares of Reinsurance Group of America by 123.2% during the first quarter. Cetera Investment Advisers now owns 16,091 shares of the insurance provider's stock valued at $3,103,000 after purchasing an additional 8,881 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Reinsurance Group of America by 85.2% during the 1st quarter. Cetera Advisors LLC now owns 4,147 shares of the insurance provider's stock valued at $800,000 after acquiring an additional 1,908 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Reinsurance Group of America by 5.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,089 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 292 shares in the last quarter. GAMMA Investing LLC increased its position in Reinsurance Group of America by 16.5% in the second quarter. GAMMA Investing LLC now owns 559 shares of the insurance provider's stock worth $115,000 after purchasing an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Reinsurance Group of America during the second quarter valued at $36,000. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price 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. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Raymond James increased their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 24th. Finally, Barclays lifted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Three investment 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $227.77.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.37% of the company's stock.

Reinsurance Group of America Trading Down 0.7 %

Shares of NYSE:RGA traded down $1.56 during trading on Tuesday, reaching $225.85. 378,879 shares of the company were exchanged, compared to its average volume of 355,335. The business's fifty day simple moving average is $220.52 and its 200-day simple moving average is $213.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 12-month low of $157.48 and a 12-month high of $233.81. The firm has a market capitalization of $14.87 billion, a PE ratio of 20.74 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the firm posted $5.57 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a $0.89 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.58%. Reinsurance Group of America's payout ratio is presently 32.69%.

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.