Consolidated Planning Corp Grows Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Consolidated Planning Corp grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 67.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,475 shares of the insurance provider's stock after purchasing an additional 2,612 shares during the period. Consolidated Planning Corp's holdings in Reinsurance Group of America were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Colonial Trust Co SC grew its position in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares during the period. SBI Securities Co. Ltd. purchased a new position in Reinsurance Group of America in the fourth quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Reinsurance Group of America by 78.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock worth $61,000 after purchasing an additional 136 shares in the last quarter. Private Trust Co. NA lifted its stake 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 worth $66,000 after purchasing an additional 155 shares in the last quarter. Finally, Curat Global LLC acquired a new position in Reinsurance Group of America during the first quarter worth $75,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. UBS Group reiterated a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Evercore ISI reduced their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded up $2.75 during mid-day trading on Monday, hitting $198.54. 247,142 shares of the stock were exchanged, compared to its average volume of 412,495. The stock's fifty day simple moving average is $197.81 and its two-hundred day simple moving average is $202.23. The stock has a market capitalization of $13.12 billion, a price-to-earnings ratio of 16.75 and a beta of 0.63. 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 quick ratio of 0.16 and a current ratio of 0.16.

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 (EPS) for the quarter, topping 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 return on equity of 13.69% and a net margin of 3.77%. The business's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $6.02 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

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

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.