Reinsurance Group of America Inc (NYSE:RGA) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its position in Reinsurance Group of America Inc (NYSE:RGA) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,048 shares of the insurance provider’s stock after purchasing an additional 3,094 shares during the quarter. Raymond James & Associates owned approximately 0.18% of Reinsurance Group of America worth $16,051,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in Reinsurance Group of America by 13,803.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,536,741 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 3,511,304 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Reinsurance Group of America by 37.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 708,655 shares of the insurance provider’s stock worth $99,375,000 after buying an additional 192,013 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Reinsurance Group of America by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 655,744 shares of the insurance provider’s stock worth $91,897,000 after buying an additional 26,397 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Reinsurance Group of America by 2.9% in the fourth quarter. Northern Trust Corp now owns 642,975 shares of the insurance provider’s stock worth $90,165,000 after buying an additional 18,060 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Reinsurance Group of America by 62.2% in the fourth quarter. Prudential Financial Inc. now owns 557,968 shares of the insurance provider’s stock worth $78,244,000 after buying an additional 213,879 shares in the last quarter. 92.05% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on RGA. ValuEngine raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a report on Friday, May 17th. UBS Group increased their price target on shares of Reinsurance Group of America from $142.00 to $148.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research raised shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Reinsurance Group of America currently has a consensus rating of “Hold” and an average price target of $142.17.

In other Reinsurance Group of America news, EVP Alain Neemeh sold 3,668 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $148.00, for a total value of $542,864.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at approximately $5,548,816. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.78% of the stock is currently owned by insiders.

Shares of RGA traded up $1.68 during trading hours on Friday, hitting $153.45. The company had a trading volume of 214,500 shares, compared to its average volume of 308,046. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $9.49 billion, a PE ratio of 12.66 and a beta of 0.66. Reinsurance Group of America Inc has a 52-week low of $127.84 and a 52-week high of $153.71.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Monday, April 29th. The insurance provider reported $2.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.63 by ($0.02). Reinsurance Group of America had a return on equity of 9.64% and a net margin of 5.98%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm posted $1.61 EPS. Reinsurance Group of America’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Reinsurance Group of America Inc will post 13.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 9th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, May 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is 19.80%.

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Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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

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