Merit Financial Group LLC Buys Shares of 3,792 Reinsurance Group of America, Incorporated (NYSE:RGA)

Merit Financial Group LLC acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,792 shares of the insurance provider's stock, valued at approximately $747,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Anderson Hoagland & Co. boosted its position in shares of Reinsurance Group of America by 0.8% during the first quarter. Anderson Hoagland & Co. now owns 13,000 shares of the insurance provider's stock worth $2,560,000 after buying an additional 100 shares during the period. NBC Securities Inc. raised its stake in shares of Reinsurance Group of America by 158,900.0% during the first quarter. NBC Securities Inc. now owns 3,180 shares of the insurance provider's stock valued at $626,000 after purchasing an additional 3,178 shares in the last quarter. Douglas Lane & Associates LLC lifted its holdings in Reinsurance Group of America by 2.2% in the first quarter. Douglas Lane & Associates LLC now owns 578,602 shares of the insurance provider's stock worth $113,927,000 after purchasing an additional 12,576 shares during the period. GAMMA Investing LLC lifted its holdings in Reinsurance Group of America by 54,931.6% in the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after purchasing an additional 474,060 shares during the period. Finally, Versant Capital Management Inc grew its position in Reinsurance Group of America by 73.1% in the 1st quarter. Versant Capital Management Inc now owns 502 shares of the insurance provider's stock valued at $99,000 after buying an additional 212 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 2.5%

Reinsurance Group of America stock opened at $206.32 on Monday. The company has a 50 day moving average price of $193.41 and a 200 day moving average price of $204.47. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 19.21 and a beta of 0.63. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its 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 return on equity of 14.55% and a net margin of 3.24%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. The firm's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.02 EPS. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.73%. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RGA. Evercore ISI reduced 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 research note on Thursday, March 13th. Wells Fargo & Company upped 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. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Raymond James restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Royal Bank of Canada reiterated 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

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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