Universal Beteiligungs und Servicegesellschaft mbH Sells 4,213 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,769 shares of the insurance provider's stock after selling 4,213 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Reinsurance Group of America worth $16,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Reinsurance Group of America during the 1st quarter worth about $28,000. Colonial Trust Co SC lifted its position in 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 purchasing an additional 57 shares during the period. Golden State Wealth Management LLC lifted its position in 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 purchasing an additional 92 shares during the period. Cornerstone Planning Group LLC lifted its position in Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 121 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Reinsurance Group of America by 78.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Analysts Set New Price Targets

RGA has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $249.00 price target (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. UBS Group reaffirmed 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, Keefe, Bruyette & Woods increased 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.36.

Reinsurance Group of America Stock Performance

RGA stock traded up $2.49 during midday trading on Friday, reaching $196.30. 205,688 shares of the company were exchanged, compared to its average volume of 324,951. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. The business has a 50-day moving average price of $198.76 and a two-hundred day moving average price of $199.74. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 16.56 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the previous year, the business posted $6.02 earnings per share. The company's revenue for the quarter was down 17.0% compared to the same quarter last year. Equities 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 given a $0.89 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.81%. Reinsurance Group of America's payout ratio 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.