Dynamic Technology Lab Private Ltd Raises Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Dynamic Technology Lab Private Ltd raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 58.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,851 shares of the insurance provider's stock after acquiring an additional 5,493 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Reinsurance Group of America were worth $3,236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RGA. Earnest Partners LLC lifted its holdings in Reinsurance Group of America by 1.9% during the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock valued at $539,476,000 after purchasing an additional 50,228 shares during the last quarter. WCM Investment Management LLC lifted its holdings in Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock valued at $527,742,000 after purchasing an additional 2,260,605 shares during the last quarter. Sei Investments Co. lifted its holdings in Reinsurance Group of America by 5.9% during the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider's stock valued at $169,497,000 after purchasing an additional 45,709 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of Reinsurance Group of America by 681.8% during the second quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider's stock valued at $104,244,000 after buying an additional 442,883 shares during the period. Finally, Millennium Management LLC increased its position in shares of Reinsurance Group of America by 43.8% during the second quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider's stock valued at $89,758,000 after buying an additional 133,212 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.5 %

RGA traded up $1.18 during midday trading on Monday, reaching $231.88. The company's stock had a trading volume of 104,765 shares, compared to its average volume of 354,095. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 21.18 and a beta of 0.92. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 1 year low of $157.48 and a 1 year high of $233.81. The stock's 50-day moving average is $219.09 and its 200-day moving average is $212.96.

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

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Wall Street Analyst Weigh In

RGA has been the topic of several analyst reports. Barclays upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley lowered their price target on 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. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada increased their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $227.77.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.