Cerity Partners LLC Purchases 17,253 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Cerity Partners LLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 88.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,672 shares of the insurance provider's stock after acquiring an additional 17,253 shares during the period. Cerity Partners LLC owned approximately 0.06% of Reinsurance Group of America worth $7,990,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Reinsurance Group of America by 22.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider's stock valued at $27,617,000 after acquiring an additional 26,306 shares during the last quarter. Tidal Investments LLC increased its position in shares of Reinsurance Group of America by 88.5% during the 1st quarter. Tidal Investments LLC now owns 9,942 shares of the insurance provider's stock valued at $1,918,000 after purchasing an additional 4,667 shares during the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Reinsurance Group of America during the 1st quarter valued at about $28,000. LRI Investments LLC bought a new stake in Reinsurance Group of America in the 1st quarter worth approximately $33,000. Finally, Atria Investments Inc purchased a new stake in Reinsurance Group of America in the first quarter worth approximately $2,660,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 0.9 %

Reinsurance Group of America stock opened at $229.46 on Thursday. Reinsurance Group of America, Incorporated has a 12 month low of $157.48 and a 12 month high of $233.81. 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 business's fifty day simple moving average is $219.86 and its two-hundred day simple moving average is $213.42. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 21.07 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $5.57 EPS. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.55%. Reinsurance Group of America's dividend payout ratio is 32.69%.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on RGA shares. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Barclays raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $227.77.

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.