Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1,265.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,553 shares of the insurance provider's stock after buying an additional 6,073 shares during the period. Asset Management One Co. Ltd.'s holdings in Reinsurance Group of America were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of RGA. Colonial Trust Co SC boosted its holdings in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 57 shares during the period. Keybank National Association OH increased its stake in Reinsurance Group of America by 2.6% during the fourth quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after purchasing an additional 59 shares during the period. Trust Point Inc. lifted its position in shares of Reinsurance Group of America by 5.4% during the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock worth $240,000 after purchasing an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Reinsurance Group of America by 2.7% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,122 shares of the insurance provider's stock worth $615,000 after purchasing an additional 82 shares in the last quarter. Finally, NDVR Inc. boosted its stake in shares of Reinsurance Group of America by 6.1% in the fourth quarter. NDVR Inc. now owns 1,470 shares of the insurance provider's stock valued at $314,000 after purchasing an additional 84 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Up 0.5%

Shares of RGA traded up $0.98 during mid-day trading on Tuesday, reaching $199.34. The company's stock had a trading volume of 301,267 shares, compared to its average volume of 458,441. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The stock has a market cap of $13.17 billion, a PE ratio of 16.82 and a beta of 0.63. The company's 50 day moving average is $199.27 and its 200 day moving average is $201.73.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm's revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.02 earnings per share. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.79%. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley set a $209.00 price objective on Reinsurance Group of America and gave the company an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI decreased their target price on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods upped their price target 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

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.