Reinsurance Group of America, Incorporated (NYSE:RGA) Stake Increased by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 653.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,107 shares of the insurance provider's stock after purchasing an additional 26,979 shares during the period. Voloridge Investment Management LLC's holdings in Reinsurance Group of America were worth $6,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its position in Reinsurance Group of America by 5.5% during the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after acquiring an additional 5,398 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Reinsurance Group of America by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,521 shares of the insurance provider's stock worth $752,000 after purchasing an additional 85 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Reinsurance Group of America by 15.1% in the 4th quarter. First Citizens Bank & Trust Co. now owns 1,613 shares of the insurance provider's stock valued at $345,000 after purchasing an additional 212 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Reinsurance Group of America by 29.4% during the 4th quarter. Blue Trust Inc. now owns 6,378 shares of the insurance provider's stock valued at $1,390,000 after acquiring an additional 1,449 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Reinsurance Group of America by 217.4% during the 4th quarter. KBC Group NV now owns 5,412 shares of the insurance provider's stock valued at $1,156,000 after buying an additional 3,707 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RGA. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price target for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the company an "equal weight" rating in a research report on Monday, May 19th. UBS Group reaffirmed a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Raymond James reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, Evercore ISI decreased their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA traded down $1.64 during trading on Friday, reaching $202.39. The stock had a trading volume of 61,608 shares, compared to its average volume of 408,627. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The stock has a market cap of $13.37 billion, a PE ratio of 18.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The business has a fifty day moving average price of $192.94 and a 200-day moving average price of $205.91.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its 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. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the business posted $6.02 EPS. The company's revenue for the quarter was down 17.0% on a year-over-year basis. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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. 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 1.76%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's payout ratio is 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.