Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 493,596 shares of the insurance provider's stock after acquiring an additional 26,151 shares during the quarter. Envestnet Asset Management Inc. owned about 0.75% of Reinsurance Group of America worth $105,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RGA. Alliancebernstein L.P. boosted its position in Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after purchasing an additional 893,537 shares in the last quarter. Norges Bank purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $174,082,000. Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $48,724,000. JPMorgan Chase & Co. grew its position in shares of Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after buying an additional 117,829 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Reinsurance Group of America by 234.7% during the 4th quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider's stock worth $23,121,000 after acquiring an additional 75,891 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

RGA has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a report on Thursday. Keefe, Bruyette & Woods reduced their target price on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a research report on Wednesday. Evercore ISI decreased their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Morgan Stanley dropped their price target on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three equities research 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 company has a consensus rating of "Moderate Buy" and an average target price of $230.15.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $4.19 during midday trading on Friday, reaching $177.76. The company's stock had a trading volume of 557,958 shares, compared to its average volume of 407,886. 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 stock has a fifty day moving average of $193.93 and a 200 day moving average of $210.49. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The firm has a market capitalization of $11.74 billion, a PE ratio of 16.55 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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 return on equity of 14.55% and a net margin of 3.24%. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's payout ratio 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.