DekaBank Deutsche Girozentrale Sells 1,339 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

DekaBank Deutsche Girozentrale reduced its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 18.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,089 shares of the insurance provider's stock after selling 1,339 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Reinsurance Group of America were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Reinsurance Group of America by 38.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider's stock worth $1,729,000 after acquiring an additional 2,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Reinsurance Group of America by 13.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider's stock worth $768,000 after purchasing an additional 452 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of 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 valued at $29,000 after buying an additional 92 shares during the period. Asset Management One Co. Ltd. raised its stake in Reinsurance Group of America by 1,265.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider's stock worth $1,290,000 after buying an additional 6,073 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Reinsurance Group of America by 7.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider's stock valued at $33,984,000 after acquiring an additional 12,217 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised 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 research note on Wednesday, May 7th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note 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. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a report on Monday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $245.00.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded up $2.49 during midday trading on Monday, reaching $196.98. The company's stock had a trading volume of 259,760 shares, compared to its average volume of 450,920. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.02 billion, a PE ratio of 16.62 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The business has a 50-day moving average price of $200.46 and a 200-day moving average price of $200.96.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results 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 net margin of 3.77% and a return on equity of 13.69%. The firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the firm posted $6.02 earnings per share. The company's revenue was down 17.0% on a year-over-year basis. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date 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.