Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Monument Capital Management

Monument Capital Management cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,788 shares of the insurance provider’s stock after selling 517 shares during the period. Monument Capital Management’s holdings in Reinsurance Group of America were worth $2,466,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp grew its position in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 70 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Reinsurance Group of America by 4.3% in the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 82 shares during the period. Lindbrook Capital LLC increased its stake in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Reinsurance Group of America by 2.2% during the fourth quarter. Private Advisor Group LLC now owns 4,246 shares of the insurance provider’s stock worth $687,000 after purchasing an additional 92 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Reinsurance Group of America by 2.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 4,791 shares of the insurance provider’s stock worth $924,000 after buying an additional 104 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the transaction, the executive vice president now owns 16,490 shares in the company, valued at approximately $3,410,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Trading Down 0.5 %

Shares of Reinsurance Group of America stock traded down $0.99 during trading on Wednesday, hitting $204.83. The stock had a trading volume of 67,687 shares, compared to its average volume of 349,072. Reinsurance Group of America, Incorporated has a 1 year low of $135.07 and a 1 year high of $213.21. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $13.48 billion, a PE ratio of 15.99 and a beta of 0.92. The stock has a 50 day simple moving average of $204.22 and a 200 day simple moving average of $185.67.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping the consensus estimate of $4.55 by $1.47. The business had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same quarter last year, the firm posted $5.16 earnings per share. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 20.94 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $225.00 target price on shares of Reinsurance Group of America in a report on Friday, June 14th. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $195.00 to $208.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.18.

About Reinsurance Group of America

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.