Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,783 shares of the insurance provider's stock after acquiring an additional 2,428 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Reinsurance Group of America were worth $1,729,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after buying an additional 51,733 shares in the last quarter. FMR LLC increased its position in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after acquiring an additional 564,693 shares in the last quarter. Alliancebernstein L.P. raised 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 purchasing an additional 893,537 shares during the last quarter. Geode Capital Management LLC raised its position in Reinsurance Group of America by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after buying an additional 4,106 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock valued at $201,802,000 after purchasing an additional 241,669 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 1.7%

NYSE:RGA traded down $3.29 during mid-day trading on Wednesday, reaching $195.94. The company's stock had a trading volume of 519,329 shares, compared to its average volume of 413,645. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The stock has a fifty day moving average of $199.52 and a 200-day moving average of $201.71. The firm has a market capitalization of $12.95 billion, a PE ratio of 16.54 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 for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the prior year, the company earned $6.02 EPS. The company's revenue was down 17.0% compared to the same quarter last year. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RGA shares. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. UBS Group reiterated a "neutral" rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased their price target for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. 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, Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus 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.