Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Fmr LLC

FMR LLC reduced its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,076,095 shares of the insurance provider's stock after selling 6,911 shares during the quarter. FMR LLC owned approximately 7.71% of Reinsurance Group of America worth $1,105,929,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RGA. Price T Rowe Associates Inc. MD grew its stake in Reinsurance Group of America by 22.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider's stock worth $27,617,000 after buying an additional 26,306 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after acquiring an additional 15,289 shares during the last quarter. M&G Plc increased its holdings in shares of Reinsurance Group of America by 5.0% during the second quarter. M&G Plc now owns 85,153 shares of the insurance provider's stock valued at $17,456,000 after acquiring an additional 4,025 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Reinsurance Group of America in the 2nd quarter valued at approximately $1,925,000. Finally, Insight Wealth Strategies LLC acquired a new stake in Reinsurance Group of America in the 3rd quarter worth approximately $3,548,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 0.9 %

Shares of RGA stock traded down $2.18 during trading on Thursday, hitting $229.46. 273,586 shares of the stock traded hands, compared to its average volume of 355,501. The firm has a market capitalization of $15.11 billion, a P/E ratio of 21.07 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 52-week low of $157.48 and a 52-week high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The firm's fifty day moving average price is $219.86 and its 200-day moving average price is $213.42.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The company 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%. Reinsurance Group of America's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.57 earnings per share. As a group, research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.55%. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RGA shares. Raymond James upped their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a research note on Tuesday, September 24th. Barclays upped their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on 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 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.