California State Teachers Retirement System Acquires 624 Shares of Reinsurance Group of America, Incorporated $RGA

California State Teachers Retirement System boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,156 shares of the insurance provider's stock after acquiring an additional 624 shares during the quarter. California State Teachers Retirement System owned 0.12% of Reinsurance Group of America worth $16,194,573 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Reinsurance Group of America by 26.5% during the 1st quarter. SG Americas Securities LLC now owns 89,847 shares of the insurance provider's stock valued at $18,343,000 after acquiring an additional 18,826 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Reinsurance Group of America by 34.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,293 shares of the insurance provider's stock worth $4,332,000 after purchasing an additional 5,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Reinsurance Group of America by 8,703.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 50,974 shares of the insurance provider's stock valued at $10,371,000 after purchasing an additional 50,395 shares in the last quarter. Interval Partners LP boosted its holdings in Reinsurance Group of America by 186.5% in the fourth quarter. Interval Partners LP now owns 69,739 shares of the insurance provider's stock valued at $14,189,000 after acquiring an additional 45,399 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings in Reinsurance Group of America by 3.0% during the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider's stock worth $566,803,000 after acquiring an additional 82,681 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $0.46 during mid-day trading on Tuesday, hitting $248.59. The company had a trading volume of 78,464 shares, compared to its average volume of 365,513. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. The firm's 50 day simple moving average is $242.13 and its two-hundred day simple moving average is $220.40. Reinsurance Group of America, Incorporated has a 12 month low of $178.21 and a 12 month high of $257.81. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 10.92 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $8.89 EPS for the quarter, topping the consensus estimate of $6.50 by $2.39. The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%.The company's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.72 EPS. As a group, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 29.68 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were paid a $0.98 dividend. The ex-dividend date was Tuesday, August 18th. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.93. This represents a $3.92 annualized dividend and a dividend yield of 1.6%. Reinsurance Group of America's dividend payout ratio is 17.22%.

Insider Activity at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $246.30, for a total value of $2,115,470.70. Following the completion of the transaction, the executive vice president owned 14,885 shares in the company, valued at $3,666,175.50. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

RGA has been the topic of several recent research reports. Wells Fargo & Company raised their target price on Reinsurance Group of America from $269.00 to $291.00 and gave the company an "overweight" rating in a report on Wednesday, August 19th. UBS Group raised Reinsurance Group of America from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Evercore reissued an "outperform" rating and issued a $267.00 price target on shares of Reinsurance Group of America in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $286.00 to $293.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Finally, TD Cowen lifted their price objective on shares of Reinsurance Group of America from $212.00 to $235.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $262.56.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated NYSE: RGA is a global provider of life and health reinsurance. The company helps insurance and financial services companies manage mortality, longevity, morbidity and other risks by assuming portions of their insurance obligations and providing capital and risk-management support.

RGA's business includes traditional life reinsurance, health reinsurance, longevity solutions and financial solutions. Its offerings support products such as life insurance, annuities, critical illness coverage, disability insurance and other health-related protection products.

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