LRI Investments LLC Acquires Shares of 159 Reinsurance Group of America, Incorporated (NYSE:RGA)

LRI Investments LLC bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 159 shares of the insurance provider’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Reinsurance Group of America during the first quarter valued at $28,000. Rise Advisors LLC bought a new position in Reinsurance Group of America during the 1st quarter valued at about $29,000. Lindbrook Capital LLC boosted its holdings 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. Pineridge Advisors LLC purchased a new position in shares of Reinsurance Group of America during the fourth quarter valued at approximately $26,000. Finally, Toth Financial Advisory Corp lifted its position in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGA has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and set a $225.00 price objective on shares of Reinsurance Group of America in a research report on Friday, June 14th. Morgan Stanley raised their target price on Reinsurance Group of America from $216.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. Evercore ISI upped their price target on shares of Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Finally, UBS Group raised their price objective on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average target price of $216.73.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $206.31 on Friday. Reinsurance Group of America, Incorporated has a 1-year low of $135.07 and a 1-year high of $227.87. The company’s 50-day moving average is $209.78 and its 200 day moving average is $193.42. The firm has a market capitalization of $13.57 billion, a P/E ratio of 16.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a return on equity of 16.23% and a net margin of 4.01%. Reinsurance Group of America’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $4.40 EPS. Research analysts forecast that Reinsurance Group of America, Incorporated will post 21.11 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.89 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, August 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was 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 $3,410,956.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Reinsurance Group of America 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.