HighTower Advisors LLC Acquires 6,101 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

HighTower Advisors LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,855 shares of the insurance provider's stock after buying an additional 6,101 shares during the period. HighTower Advisors LLC owned about 0.08% of Reinsurance Group of America worth $11,266,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America in the second quarter valued at approximately $28,000. Family Firm Inc. purchased a new stake in Reinsurance Group of America in the second quarter valued at approximately $29,000. Wolff Wiese Magana LLC purchased a new stake in Reinsurance Group of America in the third quarter valued at approximately $34,000. Finally, Private Trust Co. NA raised its position in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 120 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 0.6 %

RGA traded down $1.23 during trading on Friday, reaching $220.30. 239,017 shares of the stock were exchanged, compared to its average volume of 317,483. The stock has a market cap of $14.51 billion, a P/E ratio of 20.23 and a beta of 0.93. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.81. The stock's 50 day moving average price is $220.76 and its two-hundred day moving average price is $214.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the company earned $5.57 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 1.62%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America 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 sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RGA. Barclays boosted 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. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley dropped their price target on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $227.77.

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.