Teacher Retirement System of Texas Has $14.81 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Teacher Retirement System of Texas lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,317 shares of the insurance provider's stock after purchasing an additional 13,830 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Reinsurance Group of America worth $14,808,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Private Trust Co. NA raised its stake in Reinsurance Group of America by 333.3% during the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider's stock valued at $34,000 after buying an additional 120 shares in the last quarter. Spire Wealth Management raised its position in shares of Reinsurance Group of America by 39.0% during the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America during the 4th quarter valued at approximately $44,000. Versant Capital Management Inc lifted its stake in Reinsurance Group of America by 38.1% during the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider's stock worth $62,000 after purchasing an additional 80 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Reinsurance Group of America by 105.3% in the third quarter. First Horizon Advisors Inc. now owns 312 shares of the insurance provider's stock worth $68,000 after purchasing an additional 160 shares during the period. Institutional investors own 95.11% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on RGA shares. Evercore ISI dropped their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Barclays lowered their target price on Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company raised their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.85.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded up $0.21 on Wednesday, reaching $201.57. 287,016 shares of the company traded hands, compared to its average volume of 381,425. 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 stock has a market capitalization of $13.31 billion, a PE ratio of 18.77 and a beta of 0.91. The company's 50 day moving average is $206.37 and its 200-day moving average is $213.78. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) 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 anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is currently 33.15%.

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.