Leeward Investments LLC MA Purchases 11,668 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,126 shares of the insurance provider's stock after acquiring 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 quarter.

Other large investors have also recently modified their holdings of the company. Colonial Trust Co SC lifted its position in 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 worth $29,000 after buying an additional 57 shares during the last quarter. Keybank National Association OH raised its holdings in Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock valued at $500,000 after buying an additional 59 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Reinsurance Group of America by 0.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider's stock valued at $2,649,000 after buying an additional 60 shares during the last quarter. Trust Point Inc. raised its holdings in Reinsurance Group of America by 5.4% during the 1st quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock valued at $240,000 after buying an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Reinsurance Group of America by 2.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,122 shares of the insurance provider's stock valued at $615,000 after buying an additional 82 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.9%

Shares of Reinsurance Group of America stock traded up $1.70 during trading on Friday, hitting $197.79. The company's stock had a trading volume of 227,886 shares, compared to its average volume of 412,857. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The company has a fifty day simple moving average of $199.99 and a two-hundred day simple moving average of $201.50. The company has a market capitalization of $13.07 billion, a PE ratio of 16.69 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81.

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 (EPS) for the quarter, topping 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 3.77% and a return on equity of 13.69%. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the business earned $6.02 EPS. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

A number of research firms recently commented on RGA. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the company an "equal weight" rating in a report on Monday, May 19th. Evercore ISI lowered their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

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.