Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,730 shares of the insurance provider's stock after buying an additional 4,510 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Reinsurance Group of America were worth $6,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RGA. GAMMA Investing LLC increased its holdings in Reinsurance Group of America by 8.9% during the third quarter. GAMMA Investing LLC now owns 609 shares of the insurance provider's stock valued at $133,000 after buying an additional 50 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Reinsurance Group of America by 1.2% in the 3rd 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 during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Reinsurance Group of America by 0.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider's stock worth $1,942,000 after purchasing an additional 62 shares during the period. Baron Wealth Management LLC increased its position in Reinsurance Group of America by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock valued at $324,000 after acquiring an additional 64 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Reinsurance Group of America by 3.0% in the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock worth $514,000 after purchasing an additional 69 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Down 0.4 %

Shares of NYSE RGA traded down $1.01 during trading on Friday, reaching $228.45. The stock had a trading volume of 227,007 shares, compared to its average volume of 354,945. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $15.05 billion, a P/E ratio of 20.98 and a beta of 0.92. The business's 50-day moving average price is $220.25 and its 200-day moving average price is $213.68. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts' consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. During the same period last year, the firm earned $5.57 earnings per share. Reinsurance Group of America's quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.93 EPS 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 $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.56%. Reinsurance Group of America's payout ratio is 32.69%.

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 business'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 sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RGA. StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research note on Thursday, October 17th. Barclays increased their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. TD Cowen started coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They set a "hold" rating and a $235.00 target price for the company. Finally, Morgan Stanley lowered 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. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $227.77.

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.