US Bancorp DE Has $7.82 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

US Bancorp DE grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 32.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,900 shares of the insurance provider's stock after buying an additional 8,735 shares during the quarter. US Bancorp DE owned about 0.05% of Reinsurance Group of America worth $7,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RGA. GAMMA Investing LLC boosted its position in shares of Reinsurance Group of America by 8.9% during the 3rd quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after purchasing an additional 50 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Reinsurance Group of America by 1.2% during the third quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider's stock worth $952,000 after buying an additional 53 shares in the last quarter. GHP Investment Advisors Inc. grew its position in Reinsurance Group of America by 0.7% in the second quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider's stock worth $1,942,000 after buying an additional 62 shares during the last quarter. Covestor Ltd increased its holdings in shares of Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider's stock valued at $72,000 after buying an additional 63 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in shares of Reinsurance Group of America by 3.0% during the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after acquiring an additional 69 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Performance

RGA stock traded down $3.55 during midday trading on Monday, hitting $211.55. The stock had a trading volume of 368,181 shares, compared to its average volume of 356,904. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 19.59 and a beta of 0.92. The stock has a 50-day simple moving average of $215.72 and a 200 day simple moving average of $209.43. Reinsurance Group of America, Incorporated has a 52 week low of $151.90 and a 52 week high of $227.87. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating the consensus estimate 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 15.68% and a net margin of 3.32%. The company's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $5.57 EPS. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, November 12th. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RGA shares. Morgan Stanley decreased their target price on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price target 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, Royal Bank of Canada upped their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Monday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.38.

About Reinsurance Group of America

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.