1,050 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Purchased by Invst LLC

Invst LLC acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,050 shares of the insurance provider’s stock, valued at approximately $229,000.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. acquired a new stake in Reinsurance Group of America during the 3rd quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in Reinsurance Group of America during the 2nd quarter valued at about $28,000. Family Firm Inc. acquired a new stake in Reinsurance Group of America in the 2nd quarter valued at about $29,000. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America in the 3rd quarter worth approximately $34,000. Finally, Private Trust Co. NA lifted its stake in Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $210.37 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $13.86 billion, a P/E ratio of 19.32 and a beta of 0.93. The firm’s 50 day moving average price is $220.43 and its 200-day moving average price is $214.23. Reinsurance Group of America, Incorporated has a one year low of $157.48 and a one 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. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the business earned $5.57 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a dividend yield of 1.69%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Analysts Set New Price Targets

Several research firms recently commented on RGA. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley cut their target price on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Raymond James increased their price target on shares of 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.77.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

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.