LPL Financial LLC Purchases 628 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

LPL Financial LLC lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,184 shares of the insurance provider’s stock after purchasing an additional 628 shares during the period. LPL Financial LLC’s holdings in Reinsurance Group of America were worth $2,300,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB raised its holdings in Reinsurance Group of America by 2,641.2% in the fourth quarter. Handelsbanken Fonder AB now owns 279,600 shares of the insurance provider’s stock worth $39,728,000 after purchasing an additional 269,400 shares during the period. Envestnet Asset Management Inc. raised its holdings in Reinsurance Group of America by 2.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 174,933 shares of the insurance provider’s stock worth $24,856,000 after purchasing an additional 4,753 shares during the period. Arjuna Capital raised its holdings in Reinsurance Group of America by 2.4% in the fourth quarter. Arjuna Capital now owns 8,246 shares of the insurance provider’s stock worth $1,172,000 after purchasing an additional 197 shares during the period. Pacer Advisors Inc. acquired a new stake in Reinsurance Group of America in the fourth quarter worth $1,820,000. Finally, Los Angeles Capital Management LLC raised its holdings in Reinsurance Group of America by 38.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 11,634 shares of the insurance provider’s stock worth $1,653,000 after purchasing an additional 3,246 shares during the period. 96.46% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $150.19 on Monday. The firm has a 50 day moving average of $137.59 and a 200-day moving average of $141.38. The stock has a market capitalization of $9.99 billion, a PE ratio of 10.84 and a beta of 0.91. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58. Reinsurance Group of America, Incorporated has a 12 month low of $109.06 and a 12 month high of $153.35.

Reinsurance Group of America (NYSE:RGA – Get Rating) last issued its earnings results on Friday, May 5th. The insurance provider reported $5.16 EPS for the quarter, beating the consensus estimate of $3.37 by $1.79. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Reinsurance Group of America had a net margin of 5.66% and a return on equity of 23.94%. During the same period in the previous year, the company earned $0.47 EPS. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 17.74 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Investors of record on Tuesday, May 16th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Monday, May 15th. Reinsurance Group of America’s dividend payout ratio is 23.10%.

Insider Buying and Selling

In related news, EVP William L. Hutton sold 1,952 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $150.03, for a total transaction of $292,858.56. Following the completion of the transaction, the executive vice president now directly owns 13,970 shares in the company, valued at approximately $2,095,919.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP William L. Hutton sold 1,952 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $150.03, for a total transaction of $292,858.56. Following the completion of the transaction, the executive vice president now directly owns 13,970 shares in the company, valued at approximately $2,095,919.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd C. Larson sold 1,018 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $148.96, for a total transaction of $151,641.28. Following the completion of the transaction, the chief financial officer now owns 44,260 shares of the company’s stock, valued at $6,592,969.60. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RGA. Barclays raised their price objective on shares of Reinsurance Group of America from $146.00 to $149.00 in a report on Tuesday, May 9th. Wells Fargo & Company initiated coverage on shares of Reinsurance Group of America in a report on Tuesday, April 25th. They set an “overweight” rating and a $163.00 price objective on the stock. Citigroup upgraded shares of Reinsurance Group of America from a “sell” rating to a “buy” rating and lifted their price target for the company from $133.00 to $158.00 in a research note on Wednesday, March 15th. Royal Bank of Canada lowered their price target on shares of Reinsurance Group of America from $170.00 to $164.00 and set an “outperform” rating on the stock in a research note on Thursday, April 20th. Finally, StockNews.com initiated coverage on shares of Reinsurance Group of America in a research note on Thursday. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.80.

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.