Park Avenue Securities LLC Buys 2,759 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Park Avenue Securities LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,744 shares of the insurance provider's stock after acquiring an additional 2,759 shares during the period. Park Avenue Securities LLC's holdings in Reinsurance Group of America were worth $3,363,000 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. acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC acquired a new position in Reinsurance Group of America during the third quarter worth $34,000. Private Trust Co. NA raised its holdings in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after buying an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

RGA stock traded down $0.70 during trading on Friday, hitting $223.16. The company had a trading volume of 243,927 shares, compared to its average volume of 434,230. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $219.83 and a two-hundred day moving average price of $215.79. Reinsurance Group of America, Incorporated has a fifty-two week low of $163.81 and a fifty-two week high of $233.81. The company has a market cap of $14.70 billion, a P/E ratio of 20.49 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $5.57 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's payout ratio is presently 32.69%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RGA shares. StockNews.com upgraded Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 price objective for the company. Royal Bank of Canada lifted their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Raymond James lifted their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 24th. Three research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $228.31.

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.