Lecap Asset Management Ltd. Acquires 9,173 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Lecap Asset Management Ltd. raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 324.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,998 shares of the insurance provider's stock after buying an additional 9,173 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Reinsurance Group of America were worth $2,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RGA. Colonial Trust Co SC lifted its stake in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Reinsurance Group of America in the fourth quarter valued at approximately $44,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Reinsurance Group of America by 78.2% in 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 in the last quarter. Private Trust Co. NA lifted its stake in Reinsurance Group of America by 99.4% in the fourth quarter. Private Trust Co. NA now owns 311 shares of the insurance provider's stock valued at $66,000 after buying an additional 155 shares in the last quarter. Finally, Curat Global LLC bought a new position in Reinsurance Group of America in the first quarter valued at approximately $75,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 0.6%

RGA traded down $1.14 during trading on Friday, reaching $197.60. 509,454 shares of the stock were exchanged, compared to its average volume of 413,556. The stock has a market cap of $13.06 billion, a P/E ratio of 16.67 and a beta of 0.63. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock's 50 day moving average price is $198.92 and its two-hundred day moving average price is $201.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $6.02 earnings per share. The company's revenue for the quarter was down 17.0% compared to the same quarter last year. Equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. Reinsurance Group of America's dividend payout ratio (DPR) is 30.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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 report on Wednesday, April 2nd. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. 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 report on Monday, May 19th. Evercore ISI lowered 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. Finally, UBS Group reiterated a "neutral" rating and issued a $216.00 price objective (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four research 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 presently has a consensus rating of "Moderate Buy" and a consensus 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.