Swiss National Bank Sells 1,900 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Swiss National Bank trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,600 shares of the insurance provider's stock after selling 1,900 shares during the period. Swiss National Bank owned about 0.19% of Reinsurance Group of America worth $25,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RGA. GAMMA Investing LLC grew its holdings in Reinsurance Group of America by 54,931.6% in the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after purchasing an additional 474,060 shares during the period. Tidal Investments LLC lifted its position 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 valued at $60,963,000 after purchasing an additional 281,317 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Reinsurance Group of America by 256.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider's stock valued at $64,240,000 after purchasing an additional 234,780 shares during the period. Raymond James Financial Inc. bought a new position in Reinsurance Group of America during the fourth quarter valued at approximately $48,724,000. Finally, Assenagon Asset Management S.A. lifted its position in Reinsurance Group of America by 466.6% during the first quarter. Assenagon Asset Management S.A. now owns 235,219 shares of the insurance provider's stock valued at $46,315,000 after purchasing an additional 193,703 shares during the period. 95.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent research reports. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Keefe, Bruyette & Woods increased their price target 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. Wells Fargo & Company decreased their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $243.64.

Reinsurance Group of America Price Performance

RGA traded down $0.78 during trading on Friday, hitting $188.44. 360,567 shares of the company traded hands, compared to its average volume of 539,855. The company has a market cap of $12.45 billion, a PE ratio of 16.36 and a beta of 0.61. The stock's 50-day simple moving average is $193.71 and its two-hundred day simple moving average is $195.76. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.48 earnings per share. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's dividend payout ratio is 32.29%.

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.