Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,480,750 shares of the insurance provider’s stock after acquiring an additional 33,082 shares during the period. WCM Investment Management LLC owned approximately 3.77% of Reinsurance Group of America worth $526,911,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth about $206,000. Vest Financial LLC grew its holdings in Reinsurance Group of America by 71.0% during the fourth quarter. Vest Financial LLC now owns 11,719 shares of the insurance provider’s stock worth $2,504,000 after acquiring an additional 4,864 shares during the period. Triasima Portfolio Management inc. acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $489,000. Lecap Asset Management Ltd. boosted its position in shares of Reinsurance Group of America by 103.2% in the 4th quarter. Lecap Asset Management Ltd. now owns 2,825 shares of the insurance provider’s stock valued at $604,000 after purchasing an additional 1,435 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of Reinsurance Group of America by 1.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 9,663 shares of the insurance provider’s stock valued at $2,064,000 after purchasing an additional 106 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 9.5 %

Shares of Reinsurance Group of America stock opened at $208.71 on Friday. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 19.43 and a beta of 0.93. 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 52-week low of $165.38 and a 52-week high of $233.81. The stock has a 50-day simple moving average of $218.73 and a 200-day simple moving average of $217.43.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 23.14 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RGA. Barclays decreased 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. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.