Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,259 shares of the insurance provider's stock after acquiring an additional 1,388 shares during the quarter. ProShare Advisors LLC's holdings in Reinsurance Group of America were worth $910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Reinsurance Group of America by 19.2% during the fourth quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock worth $38,895,000 after buying an additional 29,352 shares in the last quarter. Martin Capital Partners LLC purchased a new stake in Reinsurance Group of America during the fourth quarter worth about $1,788,000. Pacer Advisors Inc. boosted its holdings in Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock worth $3,077,000 after buying an additional 2,768 shares in the last quarter. Versor Investments LP boosted its holdings in Reinsurance Group of America by 79.1% during the fourth quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock worth $2,405,000 after buying an additional 4,972 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new stake in Reinsurance Group of America during the fourth quarter worth about $489,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 2.3%

Shares of NYSE:RGA traded up $4.67 during trading on Tuesday, reaching $204.28. The stock had a trading volume of 338,688 shares, compared to its average volume of 409,696. The business has a fifty day moving average price of $192.39 and a 200-day moving average price of $206.13. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $13.50 billion, a P/E ratio of 19.02 and a beta of 0.57. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company's revenue was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.02 earnings per share. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders 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 1.74%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RGA shares. Evercore ISI decreased their price objective on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. UBS Group reissued a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and an average 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.