Mosaic Family Wealth Partners LLC Increases Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Mosaic Family Wealth Partners LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,286 shares of the insurance provider's stock after buying an additional 1,951 shares during the quarter. Reinsurance Group of America accounts for approximately 0.7% of Mosaic Family Wealth Partners LLC's holdings, making the stock its 21st biggest holding. Mosaic Family Wealth Partners LLC's holdings in Reinsurance Group of America were worth $4,761,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Reinsurance Group of America by 27.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 255,898 shares of the insurance provider's stock worth $54,667,000 after purchasing an additional 55,086 shares in the last quarter. Voloridge Investment Management LLC increased its position in Reinsurance Group of America by 653.6% during the 4th quarter. Voloridge Investment Management LLC now owns 31,107 shares of the insurance provider's stock worth $6,645,000 after purchasing an additional 26,979 shares in the last quarter. Woodline Partners LP increased its position in Reinsurance Group of America by 24.7% during the 4th quarter. Woodline Partners LP now owns 181,983 shares of the insurance provider's stock worth $38,877,000 after purchasing an additional 36,042 shares in the last quarter. Squarepoint Ops LLC increased its position in Reinsurance Group of America by 167.9% during the 4th quarter. Squarepoint Ops LLC now owns 71,930 shares of the insurance provider's stock worth $15,366,000 after purchasing an additional 45,084 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Reinsurance Group of America by 769.2% during the 4th quarter. Two Sigma Advisers LP now owns 56,500 shares of the insurance provider's stock worth $12,070,000 after purchasing an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on RGA shares. Evercore ISI dropped their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Morgan Stanley lifted their price target on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $203.83 on Thursday. The stock's 50 day moving average price is $191.85 and its 200 day moving average price is $206.69. The firm has a market capitalization of $13.47 billion, a PE ratio of 18.98 and a beta of 0.57. 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, Incorporated has a one year low of $159.25 and a one year high of $233.81.

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 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 analyst estimates of $5.74 billion. During the same period in the prior year, the company posted $6.02 EPS. Reinsurance Group of America's quarterly revenue was down 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

Reinsurance Group of America Company 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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