Reinsurance Group of America, Incorporated (NYSE:RGA) Stake Lessened by Centiva Capital LP

Centiva Capital LP lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 44.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,707 shares of the insurance provider's stock after selling 3,791 shares during the quarter. Centiva Capital LP's holdings in Reinsurance Group of America were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in 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 worth $3,103,000 after buying an additional 8,881 shares during the period. Cetera Advisors LLC lifted its holdings 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 in the last quarter. GAMMA Investing LLC boosted its position in Reinsurance Group of America by 16.5% during the 2nd 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 period. CWM LLC increased its holdings in Reinsurance Group of America by 27.1% in the 2nd quarter. CWM LLC now owns 1,359 shares of the insurance provider's stock valued at $279,000 after purchasing an additional 290 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in Reinsurance Group of America by 10.1% in the second quarter. Simplicity Wealth LLC now owns 2,053 shares of the insurance provider's stock valued at $421,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Insider Activity

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 stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares of the company's stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $1.23 during midday trading on Friday, hitting $220.30. The company's stock had a trading volume of 238,953 shares, compared to its average volume of 354,370. The firm has a market cap of $14.51 billion, a P/E ratio of 20.34 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 1-year low of $157.48 and a 1-year high of $233.81. The firm's fifty day moving average price is $220.67 and its 200-day moving average price is $214.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its 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. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.57 earnings per share. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is 32.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RGA shares. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective on the stock. Finally, Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $227.77.

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.