Jefferies Financial Group Inc. Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jefferies Financial Group Inc. grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,250 shares of the insurance provider's stock after purchasing an additional 1,845 shares during the period. Jefferies Financial Group Inc.'s holdings in Reinsurance Group of America were worth $1,122,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Mackenzie Financial Corp lifted its position in Reinsurance Group of America by 28.5% during the 4th quarter. Mackenzie Financial Corp now owns 14,307 shares of the insurance provider's stock valued at $3,056,000 after acquiring an additional 3,171 shares during the period. Forum Financial Management LP boosted its stake in Reinsurance Group of America by 7.6% during the fourth quarter. Forum Financial Management LP now owns 1,836 shares of the insurance provider's stock worth $392,000 after acquiring an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Reinsurance Group of America by 0.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 42,633 shares of the insurance provider's stock worth $9,108,000 after acquiring an additional 113 shares in the last quarter. Vise Technologies Inc. bought a new stake in Reinsurance Group of America during the fourth quarter worth about $219,000. Finally, Mosaic Family Wealth Partners LLC boosted its stake in Reinsurance Group of America by 9.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 22,286 shares of the insurance provider's stock worth $4,761,000 after acquiring an additional 1,951 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

RGA has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Evercore ISI dropped their price objective on shares of 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 target price on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a report on Monday, May 19th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Stock Performance

Shares of RGA traded down $0.59 during mid-day trading on Friday, hitting $203.43. 429,580 shares of the company traded hands, compared to its average volume of 410,355. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a 50-day moving average price of $192.98 and a two-hundred 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 stock has a market cap of $13.44 billion, a price-to-earnings ratio of 18.94 and a beta of 0.57.

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

Reinsurance Group of America Announces Dividend

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