Longboard Asset Management LP Makes New $265,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Longboard Asset Management LP acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,241 shares of the insurance provider's stock, valued at approximately $265,000. Reinsurance Group of America accounts for 0.7% of Longboard Asset Management LP's investment portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGA. WCM Investment Management LLC increased its stake in shares of Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider's stock worth $527,742,000 after acquiring an additional 2,260,605 shares during the last quarter. Geode Capital Management LLC grew its stake in Reinsurance Group of America by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider's stock valued at $241,849,000 after purchasing an additional 18,162 shares in the last quarter. Stifel Financial Corp increased its position in Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider's stock worth $79,872,000 after purchasing an additional 27,931 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider's stock worth $79,512,000 after purchasing an additional 117,829 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Reinsurance Group of America by 0.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider's stock worth $45,683,000 after purchasing an additional 649 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RGA shares. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. 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. Finally, Barclays cut their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $21.78 during mid-day trading on Friday, hitting $208.71. The company's stock had a trading volume of 1,437,743 shares, compared to its average volume of 451,254. Reinsurance Group of America, Incorporated has a one year low of $165.38 and a one year high of $233.81. The stock's 50-day moving average is $219.12 and its two-hundred day moving average is $217.48. The firm has a market capitalization of $13.75 billion, a PE ratio of 19.16 and a beta of 0.93. 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 posted its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.71%. Reinsurance Group of America's dividend payout ratio (DPR) is 32.69%.

Reinsurance Group of America 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.