GHP Investment Advisors Inc. Acquires 95 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

GHP Investment Advisors Inc. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 9,557 shares of the insurance provider’s stock after purchasing an additional 95 shares during the period. GHP Investment Advisors Inc.’s holdings in Reinsurance Group of America were worth $2,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Meeder Asset Management Inc. bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $675,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Reinsurance Group of America by 22.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after acquiring an additional 26,306 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Reinsurance Group of America by 50.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after purchasing an additional 2,524 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Reinsurance Group of America by 57.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 232,773 shares of the insurance provider’s stock worth $44,897,000 after purchasing an additional 84,647 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Reinsurance Group of America by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 67,400 shares of the insurance provider’s stock valued at $13,000,000 after purchasing an additional 3,247 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Citigroup raised their price target on Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. TD Cowen assumed coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective on the stock. Raymond James raised their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.62.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

Reinsurance Group of America Trading Down 1.0 %

RGA opened at $210.43 on Friday. Reinsurance Group of America, Incorporated has a fifty-two week low of $144.74 and a fifty-two week high of $227.87. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 16.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $215.33 and a 200 day simple moving average of $208.08.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the business posted $4.40 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.89 per share. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s payout ratio is presently 27.66%.

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.