New York State Teachers Retirement System Has $15.27 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York State Teachers Retirement System reduced its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,531 shares of the insurance provider's stock after selling 3,300 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Reinsurance Group of America worth $15,266,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew 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 worth $239,911,000 after acquiring an additional 893,537 shares during the last quarter. Norges Bank bought a new stake in Reinsurance Group of America in the 4th quarter valued at $174,082,000. FMR LLC grew 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 worth $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. GAMMA Investing LLC grew its position in Reinsurance Group of America by 54,931.6% in the 1st 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 last quarter. Finally, Tidal Investments LLC raised its position in shares of Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after buying an additional 281,317 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RGA has been the topic of a number of recent research reports. UBS Group reissued a "neutral" rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Evercore ISI reduced 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Keefe, Bruyette & Woods raised their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Price Performance

Shares of NYSE RGA traded up $1.70 during midday trading on Friday, reaching $197.79. 227,886 shares of the company traded hands, compared to its average volume of 412,857. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. 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 stock's 50-day simple moving average is $199.99 and its 200-day simple moving average is $201.50. The firm has a market cap of $13.07 billion, a PE ratio of 16.69 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm's quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the firm posted $6.02 EPS. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

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.