Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Position Raised by NBC Securities Inc.

NBC Securities Inc. boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 158,900.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,180 shares of the insurance provider's stock after buying an additional 3,178 shares during the period. NBC Securities Inc.'s holdings in Reinsurance Group of America were worth $626,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake 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 valued at $239,911,000 after purchasing an additional 893,537 shares during the period. Norges Bank bought a new position in Reinsurance Group of America in the 4th quarter worth approximately $174,082,000. FMR LLC increased its position in Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after acquiring an additional 564,693 shares during the period. GAMMA Investing LLC raised its stake in Reinsurance Group of America by 54,931.6% during the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock valued at $93,512,000 after acquiring an additional 474,060 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Up 2.5%

Reinsurance Group of America stock traded up $5.00 during mid-day trading on Friday, hitting $206.32. The company's stock had a trading volume of 257,722 shares, compared to its average volume of 411,684. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The firm's 50 day moving average is $193.25 and its 200 day moving average is $204.94. The company has a market cap of $13.64 billion, a PE ratio of 19.21 and a beta of 0.63.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the company posted $6.02 earnings per share. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business 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. This represents a $3.56 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Analyst Ratings Changes

RGA has been the subject of several recent analyst reports. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the stock an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their target price for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research note on Tuesday, May 6th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Finally, Raymond James reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average price target 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.