Wellington Management Group LLP Has $43.12 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Wellington Management Group LLP cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 197,924 shares of the insurance provider's stock after selling 8,031 shares during the period. Wellington Management Group LLP owned about 0.30% of Reinsurance Group of America worth $43,122,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Eagle Asset Management Inc. grew its position in Reinsurance Group of America by 15.7% in the 3rd 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. Sanctuary Advisors LLC bought a new position in Reinsurance Group of America in the 2nd quarter worth about $1,925,000. Insight Wealth Strategies LLC bought a new position in Reinsurance Group of America in the 3rd quarter worth about $3,548,000. Oppenheimer Asset Management Inc. grew its position in Reinsurance Group of America by 23.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider's stock worth $6,527,000 after purchasing an additional 6,144 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Reinsurance Group of America by 27.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 164,046 shares of the insurance provider's stock worth $33,674,000 after purchasing an additional 35,750 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RGA. Raymond James increased their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 24th. 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 report on Thursday, October 3rd. StockNews.com upgraded shares of Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on shares of 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. Three investment 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $227.77.

Reinsurance Group of America Price Performance

RGA stock traded up $2.02 on Thursday, hitting $212.43. 129,265 shares of the company's stock traded hands, compared to its average volume of 354,403. Reinsurance Group of America, Incorporated has a 1-year low of $157.48 and a 1-year high of $233.81. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 19.32 and a beta of 0.93. The stock has a fifty day moving average of $220.43 and a 200-day moving average of $214.23. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating the consensus estimate of $5.31 by $0.82. The business 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 quarter in the prior year, the firm earned $5.57 EPS. On average, 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 company 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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.68%. Reinsurance Group of America's dividend payout ratio (DPR) is presently 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 company'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. This represents a 8.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company's stock.

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.