Blue Trust Inc. Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Blue Trust Inc. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,218 shares of the insurance provider’s stock after acquiring an additional 714 shares during the quarter. Blue Trust Inc.’s holdings in Reinsurance Group of America were worth $359,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in Reinsurance Group of America by 121.9% in the third quarter. Picton Mahoney Asset Management now owns 122,552 shares of the insurance provider’s stock worth $17,794,000 after acquiring an additional 67,318 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Reinsurance Group of America by 93.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,655 shares of the insurance provider’s stock valued at $3,289,000 after buying an additional 10,968 shares in the last quarter. Raymond James & Associates increased its position in shares of Reinsurance Group of America by 13.0% in the fourth quarter. Raymond James & Associates now owns 244,771 shares of the insurance provider’s stock valued at $39,599,000 after buying an additional 28,193 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Reinsurance Group of America by 231.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 142,322 shares of the insurance provider’s stock valued at $23,025,000 after buying an additional 99,406 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Reinsurance Group of America by 12.5% in the third quarter. Amalgamated Bank now owns 48,884 shares of the insurance provider’s stock valued at $7,097,000 after buying an additional 5,434 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on Reinsurance Group of America from $191.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Royal Bank of Canada raised their price target on Reinsurance Group of America from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $186.00 to $193.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Jefferies Financial Group upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating and raised their price target for the company from $171.00 to $189.00 in a research report on Monday, December 11th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Reinsurance Group of America in a research note on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.00.

Read Our Latest Stock Analysis on Reinsurance Group of America

Reinsurance Group of America Stock Down 0.2 %

Shares of NYSE:RGA opened at $192.88 on Friday. The stock’s 50-day moving average price is $176.77 and its two-hundred day moving average price is $163.22. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. Reinsurance Group of America, Incorporated has a 12-month low of $131.29 and a 12-month high of $194.72. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 14.36 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGAGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $2.99 EPS. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 19.26 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.76%. Reinsurance Group of America’s dividend payout ratio (DPR) is 25.32%.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP William L. Hutton sold 1,908 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock worth $1,162,239 in the last three months. 1.31% of the stock is currently owned by company insiders.

Reinsurance Group of America Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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