GAMMA Investing LLC Buys 1,549 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

GAMMA Investing LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 179.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,412 shares of the insurance provider's stock after purchasing an additional 1,549 shares during the quarter. GAMMA Investing LLC's holdings in Reinsurance Group of America were worth $475,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RGA. Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after buying an additional 51,733 shares during the last quarter. FMR LLC raised its stake in shares of Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after acquiring an additional 564,693 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Geode Capital Management LLC grew its holdings in Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after purchasing an additional 4,106 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Reinsurance Group of America by 34.4% in the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock valued at $201,802,000 after purchasing an additional 241,669 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Wells Fargo & Company raised their price target on 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. Evercore ISI dropped 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. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, UBS Group reissued a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded down $3.29 during mid-day trading on Wednesday, hitting $195.94. The company's stock had a trading volume of 519,329 shares, compared to its average volume of 458,929. 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 fifty day moving average of $199.52 and a 200-day moving average of $201.71. The company has a market capitalization of $12.95 billion, a price-to-earnings ratio of 16.54 and a beta of 0.62. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the firm earned $6.02 EPS. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS 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. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.82%. Reinsurance Group of America's dividend 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.