Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,124 shares of the insurance provider's stock after acquiring an additional 1,646 shares during the period. Quantinno Capital Management LP's holdings in Reinsurance Group of America were worth $4,726,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RGA. Nomura Holdings Inc. purchased a new stake in Reinsurance Group of America during the fourth quarter worth $1,867,000. OMERS ADMINISTRATION Corp raised its stake in shares of Reinsurance Group of America by 283.3% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,600 shares of the insurance provider's stock worth $983,000 after buying an additional 3,400 shares during the last quarter. NDVR Inc. boosted its position in shares of Reinsurance Group of America by 6.1% in the 4th quarter. NDVR Inc. now owns 1,470 shares of the insurance provider's stock worth $314,000 after buying an additional 84 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Reinsurance Group of America by 8.6% in the 4th quarter. Lazard Asset Management LLC now owns 105,171 shares of the insurance provider's stock worth $22,466,000 after buying an additional 8,365 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Reinsurance Group of America by 1.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 652,642 shares of the insurance provider's stock valued at $139,424,000 after acquiring an additional 8,161 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 1.8%

NYSE:RGA traded down $3.67 on Friday, hitting $199.23. 134,795 shares of the stock were exchanged, compared to its average volume of 407,636. The stock has a fifty day moving average of $192.05 and a 200-day moving average of $206.63. The stock has a market cap of $13.17 billion, a PE ratio of 18.56 and a beta of 0.57. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. 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 issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the previous year, the business earned $6.02 EPS. The company's revenue for the quarter was down 17.0% on a year-over-year basis. As a group, equities analysts expect 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 firm 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 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RGA shares. Morgan Stanley set a $209.00 target price on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a research report on Monday. Evercore ISI lowered their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Raymond James reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently 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.