Edgestream Partners L.P. Purchases New Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Edgestream Partners L.P. acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,785 shares of the insurance provider's stock, valued at approximately $942,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new stake in Reinsurance Group of America in the first quarter worth $28,000. Colonial Trust Co SC grew its holdings in 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 worth $29,000 after acquiring an additional 57 shares during the period. Golden State Wealth Management LLC grew its holdings in Reinsurance Group of America by 164.3% during the first 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. Cornerstone Planning Group LLC grew its holdings in Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after acquiring an additional 121 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 valued at $61,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded down $2.79 during midday trading on Friday, hitting $194.90. The stock had a trading volume of 416,159 shares, compared to its average volume of 411,140. 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 company has a market capitalization of $12.88 billion, a PE ratio of 16.45 and a beta of 0.62. The stock has a 50 day moving average price of $199.93 and a two-hundred day moving average price of $200.53. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly 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 net margin of 3.77% and a return on equity of 13.69%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the business earned $6.02 EPS. The business's revenue was down 17.0% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 1.83%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RGA. Morgan Stanley raised their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price target 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.00.

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.