Insight Wealth Strategies LLC Acquires 2,551 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Insight Wealth Strategies LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 12.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,709 shares of the insurance provider's stock after acquiring an additional 2,551 shares during the quarter. Insight Wealth Strategies LLC's holdings in Reinsurance Group of America were worth $4,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after acquiring an additional 29,352 shares during the period. Martin Capital Partners LLC bought a new stake in Reinsurance Group of America in the 4th quarter valued at $1,788,000. Pacer Advisors Inc. raised its stake in Reinsurance Group of America by 23.8% in the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after acquiring an additional 2,768 shares during the period. Versor Investments LP raised its stake in Reinsurance Group of America by 79.1% in the 4th quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock valued at $2,405,000 after acquiring an additional 4,972 shares during the period. Finally, Triasima Portfolio Management inc. bought a new stake in Reinsurance Group of America in the 4th quarter valued at $489,000. Institutional investors and hedge funds 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 restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the company an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their target price on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Price Performance

RGA stock traded down $0.59 during midday trading on Friday, reaching $203.43. The company had a trading volume of 429,580 shares, compared to its average volume of 410,355. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 18.94 and a beta of 0.57. The stock has a 50 day moving average price of $192.98 and a 200-day moving average price of $205.73. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.02 earnings per share. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) 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.