Concurrent Investment Advisors LLC Invests $291,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Concurrent Investment Advisors LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,480 shares of the insurance provider's stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management purchased a new stake in Reinsurance Group of America during the 1st quarter worth about $28,000. Colonial Trust Co SC grew its holdings in shares of 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 worth $29,000 after purchasing an additional 57 shares during the period. Golden State Wealth Management LLC boosted its holdings in Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Reinsurance Group of America by 78.2% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock worth $61,000 after acquiring an additional 136 shares during the period. Finally, Curat Global LLC purchased a new position in Reinsurance Group of America in the 1st quarter worth approximately $75,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded down $4.47 during mid-day trading on Tuesday, reaching $192.46. 254,316 shares of the company were exchanged, compared to its average volume of 413,127. The company has a fifty day simple moving average of $200.46 and a 200-day simple moving average of $200.86. The firm has a market cap of $12.72 billion, a PE ratio of 16.24 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. 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 (NYSE:RGA - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the business posted $6.02 EPS. The company's revenue was down 17.0% compared to the same quarter last year. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

Analyst Ratings Changes

A number of equities analysts have issued reports on RGA shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. UBS Group restated a "neutral" rating and set a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Wells Fargo & Company reissued an "overweight" rating and issued a $249.00 price target (up previously from $248.00) on shares of Reinsurance Group of America in a research note on Thursday, July 10th. Keefe, Bruyette & Woods increased their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.00.

About Reinsurance Group of America

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.