Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 67.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,475 shares of the insurance provider's stock after acquiring 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 institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC boosted its stake in shares of Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Reinsurance Group of America during the fourth quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Reinsurance Group of America by 78.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 136 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Curat Global LLC bought a new position in shares of Reinsurance Group of America in the 1st quarter worth $75,000. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the company an "equal weight" rating in a report on Monday, May 19th. Evercore ISI cut their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their price target 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $3.44 during mid-day trading on Thursday, reaching $198.86. 227,393 shares of the company traded hands, compared to its average volume of 412,387. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The firm's fifty day moving average is $198.66 and its two-hundred day moving average is $202.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 16.78 and a beta of 0.63.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The firm's revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $6.02 EPS. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is presently 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.