Leeward Investments LLC MA Sells 17,586 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,134 shares of the insurance provider's stock after selling 17,586 shares during the period. Leeward Investments LLC MA owned approximately 0.11% of Reinsurance Group of America worth $15,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in shares of Reinsurance Group of America during the third quarter worth $25,000. New Covenant Trust Company N.A. bought a new position in shares of Reinsurance Group of America in the first quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America during the second quarter worth $28,000. Family Firm Inc. bought a new stake in Reinsurance Group of America during the second quarter worth $29,000. Finally, LRI Investments LLC acquired a new stake in Reinsurance Group of America in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Raymond James upped their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Monday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $227.38.

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares of the company's stock, valued at $2,705,812.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by insiders.

Reinsurance Group of America Trading Down 3.2 %

NYSE RGA traded down $7.26 on Thursday, reaching $220.40. The company had a trading volume of 331,708 shares, compared to its average volume of 356,859. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 20.23 and a beta of 0.92. Reinsurance Group of America, Incorporated has a fifty-two week low of $154.79 and a fifty-two week high of $227.87. The business has a 50 day moving average of $215.96 and a two-hundred day moving average of $209.94. 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 posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping 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 return on equity of 15.01% and a net margin of 3.32%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.57 earnings per share. Analysts forecast that Reinsurance Group of America, Incorporated will post 21.74 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 12th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

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.