Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by UBS Group AG

UBS Group AG lessened its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,495 shares of the insurance provider’s stock after selling 2,456 shares during the quarter. UBS Group AG’s holdings in Reinsurance Group of America were worth $4,843,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Reinsurance Group of America by 27.3% during the first quarter. JPMorgan Chase & Co. now owns 132,902 shares of the insurance provider’s stock worth $14,548,000 after purchasing an additional 28,536 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Reinsurance Group of America by 13.0% during the first quarter. Private Advisor Group LLC now owns 2,817 shares of the insurance provider’s stock worth $309,000 after purchasing an additional 324 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Reinsurance Group of America by 11.6% during the first quarter. Great West Life Assurance Co. Can now owns 39,323 shares of the insurance provider’s stock worth $4,428,000 after purchasing an additional 4,073 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Reinsurance Group of America by 20.9% during the first quarter. Baird Financial Group Inc. now owns 10,421 shares of the insurance provider’s stock worth $1,141,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Reinsurance Group of America by 47.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 96.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RGA shares. Morgan Stanley increased their target price on Reinsurance Group of America from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 10th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Wednesday, February 22nd. Royal Bank of Canada raised Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $145.00 to $170.00 in a research report on Tuesday, December 6th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $136.00 to $141.00 and gave the stock a “neutral” rating in a research report on Friday, January 6th. Finally, Evercore ISI raised Reinsurance Group of America from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $148.00 to $167.00 in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $150.89.

Reinsurance Group of America Stock Up 0.4 %

Shares of NYSE RGA opened at $144.47 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $97.61 and a 1 year high of $153.35. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 15.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.14 and a current ratio of 0.13. The stock’s 50-day simple moving average is $145.81 and its 200-day simple moving average is $138.62.

Reinsurance Group of America (NYSE:RGA – Get Rating) last posted its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.99 EPS for the quarter, missing analysts’ consensus estimates of $3.51 by ($0.52). The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.33 billion. Reinsurance Group of America had a return on equity of 16.86% and a net margin of 3.83%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted ($0.56) earnings per share. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 15.81 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.20 dividend on an annualized basis and a yield of 2.21%. Reinsurance Group of America’s dividend payout ratio (DPR) is 34.78%.

Reinsurance Group of America Profile

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.