2,500 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the insurance provider's stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in Reinsurance Group of America in the 1st quarter worth $675,000. Price T Rowe Associates Inc. MD lifted its holdings in Reinsurance Group of America by 22.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider's stock worth $27,617,000 after purchasing an additional 26,306 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Reinsurance Group of America by 50.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider's stock worth $1,459,000 after purchasing an additional 2,524 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Reinsurance Group of America by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 67,400 shares of the insurance provider's stock valued at $13,000,000 after buying an additional 3,247 shares in the last quarter. Finally, M&G Plc raised its position in shares of Reinsurance Group of America by 5.0% during the second quarter. M&G Plc now owns 85,153 shares of the insurance provider's stock valued at $17,456,000 after buying an additional 4,025 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 1.9 %

Shares of NYSE:RGA traded up $4.02 during trading hours on Friday, hitting $215.10. 924,285 shares of the company's stock traded hands, compared to its average volume of 317,857. The firm has a market capitalization of $14.17 billion, a P/E ratio of 19.75 and a beta of 0.92. The business has a fifty day moving average price of $215.72 and a 200-day moving average price of $209.43. Reinsurance Group of America, Incorporated has a 1 year low of $146.16 and a 1 year 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, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.68% and a net margin of 3.32%. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. During the same quarter in the previous year, the business earned $5.57 EPS. Reinsurance Group of America's revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.89 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.56 dividend on an annualized basis and a yield of 1.66%. Reinsurance Group of America's payout ratio is 32.69%.

Analyst Ratings Changes

Several research firms recently weighed in on RGA. Royal Bank of Canada raised their target price on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Morgan Stanley cut their price target on 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 objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 24th. Jefferies Financial Group raised their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $226.62.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is owned by corporate 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.