Bessemer Group Inc. Decreases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Bessemer Group Inc. lowered its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 55.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,273 shares of the insurance provider's stock after selling 10,148 shares during the quarter. Bessemer Group Inc.'s holdings in Reinsurance Group of America were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its position in Reinsurance Group of America by 1.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,214 shares of the insurance provider's stock worth $6,668,000 after acquiring an additional 396 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth $8,671,000. QRG Capital Management Inc. raised its holdings in Reinsurance Group of America by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 4,124 shares of the insurance provider's stock worth $881,000 after purchasing an additional 211 shares during the period. Parkside Financial Bank & Trust lifted its position in Reinsurance Group of America by 12.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,488 shares of the insurance provider's stock valued at $318,000 after purchasing an additional 161 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Reinsurance Group of America by 99.4% during the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after purchasing an additional 155 shares during the period. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 1.7%

NYSE:RGA traded down $3.49 during trading hours on Wednesday, reaching $195.75. The company's stock had a trading volume of 259,489 shares, compared to its average volume of 412,322. The stock has a 50 day moving average price of $199.52 and a two-hundred day moving average price of $201.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $12.94 billion, a P/E ratio of 16.51 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

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, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the business posted $6.02 EPS. The firm's quarterly revenue was down 17.0% on a year-over-year basis. Equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

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

Reinsurance Group of America Company 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.