Livforsakringsbolaget Skandia Omsesidigt Raises Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 25.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,900 shares of the insurance provider's stock after purchasing an additional 4,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Reinsurance Group of America were worth $4,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America in the second quarter worth about $28,000. Family Firm Inc. purchased a new position in Reinsurance Group of America during the 2nd quarter valued at $29,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America in the 1st quarter valued at $28,000. Rise Advisors LLC bought a new position in Reinsurance Group of America in the 1st quarter valued at $29,000. Finally, LRI Investments LLC bought a new stake in shares of Reinsurance Group of America during the first quarter worth $33,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Reinsurance Group of America from a "buy" rating to a "hold" rating in a report on Wednesday. TD Cowen started coverage on shares of Reinsurance Group of America in a research report on Wednesday. They set a "hold" rating and a $235.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. Evercore ISI increased their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 26th. Finally, Wells Fargo & Company lifted their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.62.

Reinsurance Group of America Stock Up 1.1 %

Reinsurance Group of America stock traded up $2.27 during trading hours on Friday, reaching $216.49. The stock had a trading volume of 255,868 shares, compared to its average volume of 357,948. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91. The business's 50 day moving average price is $212.62 and its 200-day moving average price is $206.56. Reinsurance Group of America, Incorporated has a 52 week low of $143.96 and a 52 week high of $227.87. The company has a debt-to-equity ratio of 0.52, 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, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the business posted $4.40 EPS. Reinsurance Group of America's revenue was up 17.4% on a year-over-year basis. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.72 EPS for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.64%. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. Reinsurance Group of America's payout ratio is 27.66%.

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

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.