Teacher Retirement System of Texas Has $9.88 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Teacher Retirement System of Texas lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,199 shares of the insurance provider's stock after selling 19,118 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Reinsurance Group of America worth $9,884,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RGA. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America during the 1st quarter valued at about $28,000. Colonial Trust Co SC grew its position in shares of Reinsurance Group of America by 72.2% during the 4th 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 during the last quarter. Golden State Wealth Management LLC grew its position in shares of Reinsurance Group of America by 164.3% during 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 last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $61,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RGA shares. 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 upped 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Keefe, Bruyette & Woods upped their target price 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. Finally, 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. Four equities research 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, Reinsurance Group of America presently has an average rating of "Moderate Buy" and an average target price of $230.92.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded down $2.38 on Wednesday, hitting $195.36. The company had a trading volume of 232,776 shares, compared to its average volume of 412,875. 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 $12.91 billion, a PE ratio of 16.49 and a beta of 0.62. The business has a 50-day simple moving average of $200.35 and a 200-day simple moving average of $201.32. 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 posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The firm's revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.02 earnings per share. Research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

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.