Quantinno Capital Management LP Grows Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Quantinno Capital Management LP grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 18.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,478 shares of the insurance provider's stock after buying an additional 3,226 shares during the quarter. Quantinno Capital Management LP's holdings in Reinsurance Group of America were worth $4,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGA. Eagle Asset Management Inc. lifted its stake in Reinsurance Group of America by 15.7% during the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider's stock worth $25,297,000 after purchasing an additional 15,289 shares during the last quarter. M&G Plc boosted its stake in Reinsurance Group of America by 5.0% in 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in Reinsurance Group of America in the second quarter valued at about $1,925,000. Insight Wealth Strategies LLC acquired a new position in Reinsurance Group of America during the third quarter worth about $3,548,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Reinsurance Group of America by 23.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider's stock worth $6,527,000 after acquiring an additional 6,144 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RGA shares. Raymond James upped their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Morgan Stanley reduced their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. TD Cowen assumed coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, October 3rd. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.77.

Reinsurance Group of America Stock Down 0.6 %

Reinsurance Group of America stock traded down $1.23 during mid-day trading on Friday, reaching $220.30. The stock had a trading volume of 239,017 shares, compared to its average volume of 317,483. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81. The stock's 50-day simple moving average is $220.76 and its 200-day simple moving average is $214.20. The firm has a market capitalization of $14.51 billion, a PE ratio of 20.23 and a beta of 0.93.

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, topping the consensus estimate 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 the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company posted $5.57 earnings per share. The business's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America's payout ratio is currently 32.69%.

Insider Activity at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the company's stock in a transaction that occurred on 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. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.37% of the stock is currently owned by insiders.

Reinsurance Group of America Company 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.