Jupiter Asset Management Ltd. Has $208,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jupiter Asset Management Ltd. reduced its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 97.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,054 shares of the insurance provider's stock after selling 44,835 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Reinsurance Group of America were worth $208,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of Reinsurance Group of America during the first quarter worth approximately $28,000. Colonial Trust Co SC raised its position 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 valued at $29,000 after acquiring an additional 57 shares in the last quarter. Golden State Wealth Management LLC raised its position 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 valued at $29,000 after acquiring an additional 92 shares in the last quarter. Cornerstone Planning Group LLC raised its position 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 valued at $33,000 after acquiring an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC raised its position in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RGA shares. Keefe, Bruyette & Woods raised their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company cut their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $243.64.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock opened at $176.77 on Tuesday. The firm has a fifty day simple moving average of $196.78 and a 200-day simple moving average of $198.06. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. 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 capitalization of $11.68 billion, a price-to-earnings ratio of 15.34 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $5.48 EPS. The company's revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.1%. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, August 12th. Reinsurance Group of America's payout ratio is presently 32.29%.

About Reinsurance Group of America

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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