Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,555 shares of the insurance provider’s stock after acquiring an additional 486 shares during the quarter. New York Life Investment Management LLC’s holdings in Reinsurance Group of America were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Reinsurance Group of America by 116.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. Toth Financial Advisory Corp boosted its position in shares of Reinsurance Group of America by 41.2% during the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Covestor Ltd boosted its position in shares of Reinsurance Group of America by 532.8% during the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 357 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Reinsurance Group of America during the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.2 %

Shares of NYSE:RGA opened at $203.32 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.17. The firm has a market capitalization of $13.38 billion, a PE ratio of 15.80 and a beta of 0.88. The firm’s 50-day moving average is $187.73 and its two-hundred day moving average is $171.82. Reinsurance Group of America, Incorporated has a 1 year low of $135.07 and a 1 year high of $205.59.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm earned $5.16 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Wall Street Analyst Weigh In

RGA has been the topic of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Evercore ISI boosted their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. UBS Group boosted their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

Insider Transactions at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,462 shares of company stock valued at $1,162,239. 1.37% of the stock is currently owned by corporate insiders.

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.