Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,126 shares of the insurance provider's stock after purchasing an additional 11,668 shares during the quarter. Leeward Investments LLC MA owned about 0.12% of Reinsurance Group of America worth $15,580,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RGA. Alliancebernstein L.P. increased its holdings in shares of Reinsurance Group of America by 389.4% in the fourth 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. Norges Bank bought a new stake in Reinsurance Group of America during the fourth quarter worth approximately $174,082,000. FMR LLC increased its stake in Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after acquiring an additional 564,693 shares during the last quarter. GAMMA Investing LLC increased its stake in Reinsurance Group of America by 54,931.6% during the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after acquiring an additional 474,060 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after buying an additional 281,317 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGA. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a report on Tuesday, May 6th. UBS Group reiterated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on 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. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded down $3.35 during midday trading on Monday, reaching $194.44. The company had a trading volume of 334,112 shares, compared to its average volume of 412,542. The company has a market capitalization of $12.85 billion, a P/E ratio of 16.41 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The firm's fifty day simple moving average is $199.99 and its 200-day simple moving average is $201.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the company posted $6.02 EPS. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.83%. Reinsurance Group of America's dividend payout ratio is currently 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.