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

Franklin Resources Inc. lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 7.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

Other large investors have also recently added to or reduced their stakes in the company. Earnest Partners LLC grew its stake in shares of Reinsurance Group of America by 1.9% in the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider's stock worth $539,476,000 after acquiring an additional 50,228 shares in the last quarter. WCM Investment Management LLC grew its stake in Reinsurance Group of America by 1,208.5% during the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after purchasing an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC increased its holdings in Reinsurance Group of America by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock worth $241,849,000 after purchasing an additional 18,162 shares during the period. Sei Investments Co. raised its position in Reinsurance Group of America by 5.9% in the 2nd 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 in the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its stake in shares of Reinsurance Group of America by 681.8% in the 2nd 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. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Performance

NYSE:RGA traded up $2.83 during trading hours on Friday, reaching $207.54. 1,110,194 shares of the company's stock 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 company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 19.06 and a beta of 0.93. The company has a 50-day moving average of $219.46 and a 200 day moving average of $214.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.57 earnings per share. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is currently 32.69%.

Analysts Set New Price Targets

RGA has been the topic of several analyst reports. Barclays raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. Raymond James increased their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 24th. Piper Sandler lifted their price target on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their price objective 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 equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target 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.