Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,459 shares of the insurance provider's stock after buying an additional 15,489 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Reinsurance Group of America worth $7,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. bought a new stake in Reinsurance Group of America during the third quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the 2nd quarter worth approximately $28,000. Family Firm Inc. purchased a new stake in shares of Reinsurance Group of America in the 2nd quarter valued at $29,000. Wolff Wiese Magana LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA raised its position in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock worth $34,000 after purchasing an additional 120 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on RGA shares. 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, November 4th. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays lifted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, StockNews.com raised shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $227.77.

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 value of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.37% of the company's stock.

Reinsurance Group of America Stock Down 0.4 %

Shares of RGA stock traded down $0.99 during midday trading on Monday, reaching $227.41. 421,830 shares of the stock were exchanged, compared to its average volume of 355,233. The firm has a market cap of $14.98 billion, a PE ratio of 20.88 and a beta of 0.92. 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's 50 day moving average is $220.39 and its two-hundred day moving average is $213.88. Reinsurance Group of America, Incorporated has a 1 year low of $157.48 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company earned $5.57 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.69%.

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.