Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,227 shares of the insurance provider's stock after selling 2,474 shares during the quarter. Rhumbline Advisers owned 0.27% of Reinsurance Group of America worth $35,093,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in 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 purchasing an additional 893,537 shares during the period. Norges Bank acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $174,082,000. FMR LLC boosted its stake in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after buying an additional 564,693 shares during the last quarter. GAMMA Investing LLC grew its holdings in Reinsurance Group of America by 54,931.6% during the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after acquiring an additional 474,060 shares during the period. Finally, Tidal Investments LLC grew its holdings in Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RGA shares. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $232.00 to $237.00 in a report 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 report on Monday, May 19th. Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group restated a "neutral" rating and issued a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Finally, Evercore ISI lowered 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 report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Reinsurance Group of America has an average rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Stock Up 2.5%

Shares of NYSE RGA traded up $5.00 during midday trading on Friday, hitting $206.32. The company's stock had a trading volume of 257,722 shares, compared to its average volume of 411,684. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The business's fifty day simple moving average is $193.25 and its two-hundred day simple moving average is $204.94. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 19.21 and a beta of 0.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The firm's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 earnings per share. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's payout ratio is currently 30.04%.

Reinsurance Group of America 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.