New York State Common Retirement Fund Has $41.42 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York State Common Retirement Fund boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,372 shares of the insurance provider's stock after buying an additional 22,484 shares during the period. New York State Common Retirement Fund owned approximately 0.32% of Reinsurance Group of America worth $41,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in 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 acquiring an additional 893,537 shares during the period. Norges Bank acquired a new position in shares of Reinsurance Group of America during the 4th quarter worth $174,082,000. FMR LLC raised its stake in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after buying an additional 564,693 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 worth $93,512,000 after buying an additional 474,060 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in shares of 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 buying an additional 281,317 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 2.3%

Shares of NYSE RGA traded down $4.47 during mid-day trading on Tuesday, reaching $192.46. The company had a trading volume of 360,841 shares, compared to its average volume of 413,127. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 16.24 and a beta of 0.62. The stock has a fifty day moving average of $200.46 and a two-hundred day moving average of $200.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81.

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

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.85%. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

A number of research firms recently commented on RGA. Keefe, Bruyette & Woods lifted their price objective on 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. UBS Group restated a "neutral" rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $245.00.

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.