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

Blue Trust Inc. lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,378 shares of the insurance provider’s stock after purchasing an additional 1,449 shares during the quarter. Blue Trust Inc.’s holdings in Reinsurance Group of America were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in shares of Reinsurance Group of America in the third quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Reinsurance Group of America in the third quarter worth about $34,000. Private Trust Co. NA raised its stake in shares of Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the last quarter. Strengthening Families & Communities LLC purchased a new position in shares of Reinsurance Group of America in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America in the third quarter worth about $37,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $229.77 on Wednesday. The business’s 50 day moving average price is $219.21 and its 200-day moving average price is $216.68. The firm has a market capitalization of $15.13 billion, a PE ratio of 21.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.57 EPS. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.89 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.55%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Analysts Set New Price Targets

Several research analysts recently weighed in on RGA shares. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada lifted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $228.31.

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.