Caisse DE Depot ET Placement DU Quebec Increases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 297.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,877 shares of the insurance provider's stock after buying an additional 74,018 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.15% of Reinsurance Group of America worth $21,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Freestone Grove Partners LP acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $12,354,000. Rehmann Capital Advisory Group boosted its stake in shares of Reinsurance Group of America by 5.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,200 shares of the insurance provider's stock valued at $1,325,000 after purchasing an additional 338 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $209,000. Schonfeld Strategic Advisors LLC increased its stake in Reinsurance Group of America by 41.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 30,450 shares of the insurance provider's stock worth $6,505,000 after buying an additional 8,935 shares during the period. Finally, Northern Trust Corp lifted its holdings in Reinsurance Group of America by 17.4% during the 4th quarter. Northern Trust Corp now owns 698,600 shares of the insurance provider's stock worth $149,242,000 after buying an additional 103,719 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Morgan Stanley lowered their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Barclays dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $230.15.

Reinsurance Group of America Stock Up 5.9 %

RGA opened at $198.02 on Friday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $13.09 billion, a P/E ratio of 18.44 and a beta of 0.70. The business's 50-day simple moving average is $188.97 and its 200-day simple moving average is $207.57.

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 for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm's revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio is presently 33.15%.

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.

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