Blue Trust Inc. Grows Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Blue Trust Inc. boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 29.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,378 shares of the insurance provider’s stock after buying an additional 1,449 shares during the period. Blue Trust Inc.’s holdings in Reinsurance Group of America were worth $1,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Reinsurance Group of America in the second quarter worth $210,000. Cubist Systematic Strategies LLC increased its stake in Reinsurance Group of America by 66.5% in the second quarter. Cubist Systematic Strategies LLC now owns 8,486 shares of the insurance provider’s stock worth $1,742,000 after purchasing an additional 3,388 shares during the period. The Manufacturers Life Insurance Company increased its stake in Reinsurance Group of America by 15.3% in the second quarter. The Manufacturers Life Insurance Company now owns 148,907 shares of the insurance provider’s stock worth $30,566,000 after purchasing an additional 19,711 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Reinsurance Group of America in the second quarter worth $1,669,000. Finally, Algert Global LLC purchased a new stake in Reinsurance Group of America in the second quarter worth $1,751,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $229.77 on Wednesday. Reinsurance Group of America, Incorporated has a 1-year low of $163.81 and a 1-year high of $233.81. The stock’s 50-day moving average is $219.21 and its 200 day moving average is $216.68. The company has a market cap of $15.13 billion, a P/E 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 (NYSE:RGAGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $5.57 earnings per share. Research analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.55%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RGA. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. TD Cowen started coverage on Reinsurance Group of America in a research report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

View Our Latest Stock Report on Reinsurance Group of America

Reinsurance Group of America Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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