Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 24.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,686 shares of the insurance provider's stock after selling 32,550 shares during the period. Massachusetts Financial Services Co. MA owned about 0.16% of Reinsurance Group of America worth $20,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock valued at $1,541,121,000 after buying an additional 51,733 shares in the last quarter. FMR LLC lifted 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 worth $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of Reinsurance Group of America by 1.3% during the first quarter. WCM Investment Management LLC now owns 2,514,042 shares of the insurance provider's stock worth $492,400,000 after purchasing an additional 33,292 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock valued at $239,911,000 after buying an additional 893,537 shares during the period. Finally, Geode Capital Management LLC grew its stake in Reinsurance Group of America by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock valued at $238,031,000 after purchasing an additional 4,106 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

NYSE:RGA traded down $2.79 during trading hours on Friday, reaching $194.90. The company had a trading volume of 416,159 shares, compared to its average volume of 411,140. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The firm has a market cap of $12.88 billion, a PE ratio of 16.45 and a beta of 0.62. The business's 50 day moving average price is $199.93 and its 200-day moving average price is $200.44. 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 (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted $6.02 earnings per share. Reinsurance Group of America's revenue for the quarter was down 17.0% on a year-over-year basis. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's payout ratio is 30.04%.

Wall Street Analyst Weigh In

RGA has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company restated an "overweight" rating and set a $249.00 price target (up previously from $248.00) on shares of Reinsurance Group of America in a research note on Thursday, July 10th. Morgan Stanley boosted their price target on Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $245.00.

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.