KBC Group NV Sells 2,605 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

KBC Group NV reduced its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,807 shares of the insurance provider's stock after selling 2,605 shares during the quarter. KBC Group NV's holdings in Reinsurance Group of America were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGA. Colonial Trust Co SC increased its position in shares of 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 worth $29,000 after acquiring an additional 57 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Reinsurance Group of America in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its stake in Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after buying an additional 92 shares during the period. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America in the 4th quarter valued at approximately $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Reinsurance Group of America by 78.2% in the 1st 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 period. 95.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RGA has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday. 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, May 19th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Evercore ISI decreased their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Finally, Raymond James Financial reissued 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of "Moderate Buy" and an average price target of $230.92.

Reinsurance Group of America Stock Up 1.8%

NYSE:RGA traded up $3.48 on Tuesday, hitting $197.89. 344,266 shares of the company's stock were exchanged, compared to its average volume of 412,838. The firm has a 50-day moving average price of $200.18 and a 200-day moving average price of $201.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. 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 market cap of $13.08 billion, a P/E ratio of 16.70 and a beta of 0.62.

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 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. Reinsurance Group of America's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $6.02 EPS. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced 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 dividend yield of 1.80%. Reinsurance Group of America's payout ratio is presently 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.