Dimensional Fund Advisors LP Has $169.06 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Dimensional Fund Advisors LP raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,378 shares of the insurance provider's stock after acquiring an additional 50,997 shares during the quarter. Dimensional Fund Advisors LP owned about 1.20% of Reinsurance Group of America worth $169,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP raised its position in Reinsurance Group of America by 46.9% in the 4th quarter. First Trust Advisors LP now owns 481,035 shares of the insurance provider's stock worth $102,764,000 after purchasing an additional 153,564 shares during the last quarter. Forum Financial Management LP raised its position in shares of Reinsurance Group of America by 7.6% during the fourth quarter. Forum Financial Management LP now owns 1,836 shares of the insurance provider's stock worth $392,000 after acquiring an additional 129 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Reinsurance Group of America by 9.4% during the fourth quarter. GeoWealth Management LLC now owns 1,882 shares of the insurance provider's stock valued at $402,000 after acquiring an additional 161 shares during the period. Commerce Bank boosted its holdings in Reinsurance Group of America by 8.9% in the fourth quarter. Commerce Bank now owns 4,066 shares of the insurance provider's stock valued at $869,000 after acquiring an additional 333 shares during the last quarter. Finally, Dean Investment Associates LLC increased its position in Reinsurance Group of America by 4.5% in the fourth quarter. Dean Investment Associates LLC now owns 16,285 shares of the insurance provider's stock worth $3,479,000 after purchasing an additional 704 shares during the period. 95.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods dropped their price objective on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.15.

Reinsurance Group of America Stock Down 0.4 %

Shares of RGA traded down $0.85 on Tuesday, hitting $189.74. The company's stock had a trading volume of 38,524 shares, compared to its average volume of 405,797. The firm's fifty day moving average price is $189.38 and its 200-day moving average price is $208.17. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.54 billion, a price-to-earnings ratio of 17.67 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

About Reinsurance Group of America

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.