Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Bought by Vest Financial LLC

Vest Financial LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,302 shares of the insurance provider's stock after acquiring an additional 3,583 shares during the period. Vest Financial LLC's holdings in Reinsurance Group of America were worth $3,013,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after buying an additional 57 shares during the last quarter. Keybank National Association OH lifted its position in shares of Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after buying an additional 59 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Reinsurance Group of America by 2.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,122 shares of the insurance provider's stock worth $615,000 after buying an additional 82 shares during the last quarter. Finally, NDVR Inc. lifted 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 during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Up 2.5%

RGA opened at $206.32 on Friday. The firm's 50-day simple moving average is $193.41 and its 200-day simple moving average is $204.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 19.21 and a beta of 0.63.

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

Reinsurance Group of America Announces Dividend

The company 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 1.73%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

Analysts Set New Price Targets

Several analysts recently weighed in on RGA shares. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Morgan Stanley set a $209.00 price objective on shares of Reinsurance Group of America and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Raymond James reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.85.

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.

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