BNP Paribas Financial Markets Decreases Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

BNP Paribas Financial Markets lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 21.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,642 shares of the insurance provider's stock after selling 12,272 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Reinsurance Group of America worth $9,323,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGA. Vanguard Group Inc. increased its holdings in shares of Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after buying an additional 51,733 shares during the last quarter. FMR LLC grew its position in Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after acquiring an additional 564,693 shares in the last quarter. WCM Investment Management LLC increased its stake in Reinsurance Group of America by 1.4% during the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after acquiring an additional 33,082 shares during the last quarter. Alliancebernstein L.P. increased its stake in Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after acquiring an additional 893,537 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after purchasing an additional 4,106 shares during the period. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 0.0%

Shares of NYSE RGA traded down $0.04 during mid-day trading on Thursday, reaching $204.81. 316,816 shares of the company were exchanged, compared to its average volume of 405,581. The firm has a 50-day moving average of $189.92 and a 200 day moving average of $206.90. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 19.07 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. The company's quarterly revenue was down 17.0% compared to the same quarter last year. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is presently 30.04%.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research note on Monday, February 10th. Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $230.69.

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.