Quest Partners LLC Has $1.11 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quest Partners LLC lessened its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 53.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,083 shares of the insurance provider's stock after selling 5,851 shares during the quarter. Quest Partners LLC's holdings in Reinsurance Group of America were worth $1,107,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Reinsurance Group of America by 50.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider's stock valued at $1,459,000 after purchasing an additional 2,524 shares during the period. Covestor Ltd raised its position in Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider's stock worth $72,000 after purchasing an additional 63 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Reinsurance Group of America by 1.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 51,454 shares of the insurance provider's stock valued at $9,919,000 after purchasing an additional 779 shares in the last quarter. Wellington Wealth Strategies LLC. acquired a new position in shares of Reinsurance Group of America in the 1st quarter worth approximately $236,000. Finally, Keeley Teton Advisors LLC lifted its position in shares of Reinsurance Group of America by 7.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 20,980 shares of the insurance provider's stock worth $4,047,000 after buying an additional 1,434 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA traded up $1.43 during midday trading on Thursday, reaching $228.46. 71,438 shares of the stock were exchanged, compared to its average volume of 353,603. The stock's 50 day simple moving average is $218.39 and its 200 day simple moving average is $212.53. The company has a market cap of $15.05 billion, a P/E ratio of 20.84 and a beta of 0.92. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.14. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the business posted $5.57 EPS. The business's revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.56%. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

RGA has been the subject of a number of recent analyst reports. Morgan Stanley dropped 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. Keefe, Bruyette & Woods raised Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $250.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $227.38.

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.