J. Safra Sarasin Holding AG Reduces Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

J. Safra Sarasin Holding AG reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,955 shares of the insurance provider's stock after selling 6,706 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.23% of Reinsurance Group of America worth $30,314,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC raised its holdings in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 57 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Reinsurance Group of America during the first quarter valued at about $28,000. Golden State Wealth Management LLC lifted its stake 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 purchasing an additional 92 shares during the last quarter. TCTC Holdings LLC boosted its stake in 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. Finally, Cornerstone Planning Group LLC raised its position in Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

RGA has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wells Fargo & Company reiterated an "overweight" rating and set a $249.00 target price (up previously from $248.00) on shares of Reinsurance Group of America in a report on Thursday, July 10th. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $244.36.

Reinsurance Group of America Stock Down 7.8%

Shares of NYSE RGA opened at $177.38 on Friday. The stock's fifty day simple moving average is $197.24 and its two-hundred day simple moving average is $198.74. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. 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 capitalization of $11.72 billion, a PE ratio of 15.40 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a return on equity of 12.82% and a net margin of 3.54%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 earnings per share. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a yield of 2.1%. Reinsurance Group of America's payout ratio is 30.90%.

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.

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