WCM Investment Management LLC Raises Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

WCM Investment Management LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1,208.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,447,668 shares of the insurance provider's stock after buying an additional 2,260,605 shares during the quarter. WCM Investment Management LLC owned about 3.72% of Reinsurance Group of America worth $527,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its holdings in shares of Reinsurance Group of America by 30.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,233 shares of the insurance provider's stock valued at $1,140,000 after acquiring an additional 1,216 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $380,000. Capital Performance Advisors LLP acquired a new position in Reinsurance Group of America during the 3rd quarter valued at approximately $37,000. Summit Global Investments raised its holdings in shares of Reinsurance Group of America by 177.0% in the third quarter. Summit Global Investments now owns 17,989 shares of the insurance provider's stock worth $3,919,000 after buying an additional 11,495 shares during the last quarter. Finally, Consolidated Planning Corp acquired a new stake in shares of Reinsurance Group of America during the third quarter worth $737,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RGA shares. TD Cowen began coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They issued a "hold" rating and a $235.00 target price on the stock. StockNews.com raised Reinsurance Group of America from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Citigroup increased their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Raymond James raised their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and an average price target of $227.38.

Insider Activity at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $4.18 during trading hours on Monday, reaching $228.24. The stock had a trading volume of 318,816 shares, compared to its average volume of 356,545. Reinsurance Group of America, Incorporated has a twelve month low of $156.98 and a twelve month high of $230.39. 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 firm has a market capitalization of $15.03 billion, a PE ratio of 21.01 and a beta of 0.92. The stock's 50 day moving average is $216.09 and its 200 day moving average is $210.54.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share 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 company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.29 billion. During the same quarter in the prior year, the firm posted $5.57 EPS. Reinsurance Group of America's quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be paid a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 1.56%. Reinsurance Group of America's dividend payout ratio is currently 32.69%.

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.