Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 466.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 235,219 shares of the insurance provider's stock after acquiring an additional 193,703 shares during the period. Assenagon Asset Management S.A. owned approximately 0.36% of Reinsurance Group of America worth $46,315,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC grew its position in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $44,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Reinsurance Group of America by 78.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock valued at $61,000 after buying an additional 136 shares during the last quarter. Private Trust Co. NA increased its position in shares of Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Reinsurance Group of America in the 4th quarter worth $70,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

RGA has been the topic of several research analyst reports. Evercore ISI dropped their price target on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a "neutral" rating to an "overweight" rating and upped their target price for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods upped 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 report on Wednesday, May 7th. Finally, UBS Group reiterated a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

Reinsurance Group of America Price Performance

Shares of RGA stock traded down $1.92 during mid-day trading on Friday, hitting $197.04. 91,579 shares of the stock were exchanged, compared to its average volume of 411,874. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. 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 company has a market cap of $13.02 billion, a PE ratio of 18.36 and a beta of 0.63. The firm has a fifty day moving average of $194.92 and a 200 day moving average of $204.00.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business's quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.02 EPS. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend 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.