J. Safra Sarasin Holding AG Increases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

J. Safra Sarasin Holding AG increased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 11.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 160,661 shares of the insurance provider's stock after purchasing an additional 16,043 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.24% of Reinsurance Group of America worth $34,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. OneDigital Investment Advisors LLC lifted its holdings in Reinsurance Group of America by 42.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 2,365 shares of the insurance provider's stock worth $505,000 after buying an additional 699 shares during the period. Stifel Financial Corp lifted its position in Reinsurance Group of America by 0.5% during the 4th quarter. Stifel Financial Corp now owns 368,381 shares of the insurance provider's stock valued at $78,698,000 after acquiring an additional 1,780 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Reinsurance Group of America by 205.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the insurance provider's stock worth $1,141,000 after buying an additional 3,592 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Reinsurance Group of America by 9.1% in the fourth quarter. MetLife Investment Management LLC now owns 37,126 shares of the insurance provider's stock worth $7,931,000 after acquiring an additional 3,090 shares during the last quarter. Finally, Ossiam increased its stake in Reinsurance Group of America by 8.5% during the 4th quarter. Ossiam now owns 7,619 shares of the insurance provider's stock valued at $1,628,000 after purchasing an additional 597 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Down 1.9 %

Shares of NYSE:RGA traded down $3.56 during mid-day trading on Friday, reaching $187.99. 411,536 shares of the company were exchanged, compared to its average volume of 407,766. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 17.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The firm's 50-day simple moving average is $189.55 and its 200 day simple moving average is $208.44.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.89%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

RGA has been the topic of several research reports. Evercore ISI dropped their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Barclays dropped their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered their price target on Reinsurance Group of America from $275.00 to $250.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $230.15.

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.