Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,109,766 shares of the insurance provider’s stock after buying an additional 18,162 shares during the period. Geode Capital Management LLC owned approximately 1.68% of Reinsurance Group of America worth $241,849,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RGA. Eagle Asset Management Inc. raised its position in Reinsurance Group of America by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 112,901 shares of the insurance provider’s stock worth $25,297,000 after acquiring an additional 15,289 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Reinsurance Group of America in the 2nd quarter worth approximately $1,925,000. Insight Wealth Strategies LLC acquired a new stake in Reinsurance Group of America during the third quarter valued at approximately $3,548,000. Oppenheimer Asset Management Inc. boosted its holdings in Reinsurance Group of America by 23.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 31,798 shares of the insurance provider’s stock worth $6,527,000 after buying an additional 6,144 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Reinsurance Group of America by 27.9% in the second quarter. Point72 Asset Management L.P. now owns 164,046 shares of the insurance provider’s stock worth $33,674,000 after buying an additional 35,750 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.4 %

Reinsurance Group of America stock opened at $212.27 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $157.48 and a twelve month high of $233.81. 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 $13.98 billion, a PE ratio of 19.49 and a beta of 0.93. The firm’s 50 day moving average price is $220.22 and its two-hundred day moving average price is $214.28.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the business posted $5.57 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.69%.

Analysts Set New Price Targets

A number of brokerages have recently commented on RGA. Raymond James increased their price objective on 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. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. TD Cowen began coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective for the company. Finally, Barclays lifted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

Insider Activity

In other news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America 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.