Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,516 shares of the insurance provider's stock after purchasing an additional 5,699 shares during the period. Franklin Resources Inc. owned approximately 0.12% of Reinsurance Group of America worth $16,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RGA. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America during the 2nd quarter worth $28,000. Family Firm Inc. acquired a new position in shares of Reinsurance Group of America during the 2nd quarter worth $29,000. Wolff Wiese Magana LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at about $34,000. Finally, Private Trust Co. NA boosted its stake in shares of Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after acquiring an additional 120 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 1.4 %

Shares of RGA stock traded up $2.83 during trading hours on Friday, hitting $207.54. 1,110,194 shares of the company were exchanged, compared to its average volume of 360,650. Reinsurance Group of America, Incorporated has a 1 year low of $159.82 and a 1 year high of $233.81. The firm has a fifty day moving average of $219.46 and a 200 day moving average of $214.23. The firm has a market cap of $13.67 billion, a PE ratio of 19.06 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $5.57 EPS. Analysts expect that Reinsurance Group of America, Incorporated will post 21.67 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, November 26th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

Insiders Place Their Bets

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RGA shares. Royal Bank of Canada boosted 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 report on Monday, November 4th. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. TD Cowen assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a "hold" rating and a $235.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. Finally, Raymond James raised their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $227.77.

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.