JPMorgan Chase & Co. Buys 117,829 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

JPMorgan Chase & Co. boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 47.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 364,953 shares of the insurance provider's stock after acquiring an additional 117,829 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of Reinsurance Group of America worth $79,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. acquired a new stake in Reinsurance Group of America during the 3rd quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the second quarter valued at approximately $28,000. Wolff Wiese Magana LLC bought a new position in shares of Reinsurance Group of America during the third quarter worth approximately $34,000. Private Trust Co. NA lifted its holdings in 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 purchasing an additional 120 shares during the last quarter. Finally, Strengthening Families & Communities LLC bought a new stake in Reinsurance Group of America in the 3rd quarter valued at $36,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Up 1.5 %

Reinsurance Group of America stock traded up $3.28 during mid-day trading on Friday, reaching $218.67. The stock had a trading volume of 427,030 shares, compared to its average volume of 466,365. Reinsurance Group of America, Incorporated has a one year low of $162.88 and a one year high of $233.81. The company has a 50-day moving average price of $218.98 and a two-hundred day moving average price of $214.82. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 20.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion for 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 revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.57 earnings per share. On average, analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 1.63%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's payout ratio is 32.69%.

Analysts Set New Price Targets

RGA has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. TD Cowen began coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Barclays boosted 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. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.