Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,241 shares of the insurance provider's stock after purchasing an additional 2,729 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Reinsurance Group of America were worth $6,888,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in Reinsurance Group of America during the 3rd quarter valued at approximately $36,000. Spire Wealth Management grew its position in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America in the fourth quarter worth $44,000. Finally, Versant Capital Management Inc raised its holdings in Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

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Analyst Ratings Changes

RGA has been the subject of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Morgan Stanley cut their price objective 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. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Evercore ISI dropped their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $0.05 during midday trading on Friday, reaching $191.53. 1,184,580 shares of the stock traded hands, compared to its average volume of 382,178. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 17.83 and a beta of 0.91. The firm has a fifty day moving average price of $207.55 and a two-hundred day moving average price of $214.25.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

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.