Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 272,742 shares of the insurance provider's stock after buying an additional 39,095 shares during the period. Russell Investments Group Ltd. owned approximately 0.41% of Reinsurance Group of America worth $58,266,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Benjamin Edwards Inc. acquired a new stake in Reinsurance Group of America during the 3rd quarter valued at approximately $427,000. Hilltop Holdings Inc. purchased a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $228,000. HighTower Advisors LLC grew its position in shares of Reinsurance Group of America by 13.3% during the third quarter. HighTower Advisors LLC now owns 51,855 shares of the insurance provider's stock worth $11,266,000 after buying an additional 6,101 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Reinsurance Group of America by 18.7% in the third quarter. Quantinno Capital Management LP now owns 20,478 shares of the insurance provider's stock worth $4,462,000 after buying an additional 3,226 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in Reinsurance Group of America by 91.7% in the third quarter. MML Investors Services LLC now owns 33,321 shares of the insurance provider's stock valued at $7,260,000 after acquiring an additional 15,943 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

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Reinsurance Group of America Stock Performance

RGA stock traded up $4.19 on Friday, reaching $177.76. The company's stock had a trading volume of 557,958 shares, compared to its average volume of 407,418. The firm has a fifty day moving average of $193.93 and a two-hundred day moving average of $210.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The company has a market capitalization of $11.74 billion, a P/E ratio of 16.55 and a beta of 0.70. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts' consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RGA shares. UBS Group reissued a "neutral" rating and issued a $216.00 target price (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Reinsurance Group of America from $264.00 to $246.00 and set an "overweight" rating for the company in a report on Thursday. Barclays reduced their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Evercore ISI lowered their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley reduced their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.15.

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.