Reinsurance Group of America, Incorporated $RGA Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 72.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,516 shares of the insurance provider's stock after selling 55,908 shares during the quarter. Deutsche Bank AG's holdings in Reinsurance Group of America were worth $4,236,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RGA. Alpine Bank Wealth Management acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at about $28,000. Colonial Trust Co SC lifted its stake in shares of 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 buying an additional 57 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Reinsurance Group of America by 164.3% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after buying an additional 92 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after buying an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC lifted its stake in shares of Reinsurance Group of America by 107.2% in the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after buying an additional 89 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. 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. Wells Fargo & Company decreased their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $242.27.

Reinsurance Group of America Trading Up 2.1%

RGA stock traded up $4.07 during trading on Friday, reaching $195.42. 47,128 shares of the stock were exchanged, compared to its average volume of 454,503. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 16.98 and a beta of 0.61. The business has a 50 day moving average price of $192.86 and a 200-day moving average price of $194.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. Reinsurance Group of America's revenue was up 14.8% on a year-over-year basis. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.93 per share. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio (DPR) is 32.29%.

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.