Douglas Lane & Associates LLC Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Douglas Lane & Associates LLC trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 566,026 shares of the insurance provider’s stock after selling 6,687 shares during the quarter. Reinsurance Group of America accounts for approximately 1.7% of Douglas Lane & Associates LLC’s holdings, making the stock its 12th biggest holding. Douglas Lane & Associates LLC’s holdings in Reinsurance Group of America were worth $120,920,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Reinsurance Group of America by 10.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,934 shares of the insurance provider’s stock valued at $1,013,000 after purchasing an additional 484 shares during the period. Savant Capital LLC grew its stake in Reinsurance Group of America by 5.1% in the second quarter. Savant Capital LLC now owns 6,494 shares of the insurance provider’s stock worth $1,333,000 after purchasing an additional 318 shares during the period. Acadian Asset Management LLC raised its holdings in Reinsurance Group of America by 52.4% in the second quarter. Acadian Asset Management LLC now owns 100,689 shares of the insurance provider’s stock worth $20,659,000 after purchasing an additional 34,606 shares in the last quarter. Prudential PLC bought a new position in shares of Reinsurance Group of America in the 2nd quarter worth about $3,982,000. Finally, Choreo LLC purchased a new position in Reinsurance Group of America during the 2nd quarter valued at about $265,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded down $0.27 during midday trading on Wednesday, reaching $221.47. 253,491 shares of the company traded hands, compared to its average volume of 487,996. 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 12 month low of $163.81 and a 12 month high of $233.81. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 20.34 and a beta of 0.94. The business has a 50 day moving average of $219.30 and a two-hundred day moving average of $215.11.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $5.57 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RGA shares. Royal Bank of Canada raised their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays reduced their price objective 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. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Raymond James increased their price objective on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday. Three 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 stock. Based on data from MarketBeat, the company 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.