Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,973 shares of the insurance provider's stock after purchasing an additional 21,589 shares during the quarter. Retirement Systems of Alabama owned approximately 0.28% of Reinsurance Group of America worth $36,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Reinsurance Group of America by 19.2% in the 4th quarter. Principal Financial Group Inc. now owns 182,069 shares of the insurance provider's stock valued at $38,895,000 after buying an additional 29,352 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Reinsurance Group of America by 6.2% in the fourth quarter. Sanctuary Advisors LLC now owns 11,094 shares of the insurance provider's stock worth $2,564,000 after purchasing an additional 651 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth $70,000. Global Retirement Partners LLC lifted its holdings in shares of Reinsurance Group of America by 69.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,312 shares of the insurance provider's stock valued at $280,000 after purchasing an additional 539 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Reinsurance Group of America by 291.9% in the 4th quarter. Ieq Capital LLC now owns 4,178 shares of the insurance provider's stock worth $892,000 after purchasing an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RGA. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. UBS Group reiterated a "neutral" rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research note on Wednesday, April 2nd. Evercore ISI dropped their target price on shares of 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. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lifted 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 note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and an average price target of $228.85.

Reinsurance Group of America Stock Performance

RGA stock traded down $0.50 during trading on Tuesday, hitting $197.70. 195,032 shares of the company traded hands, compared to its average volume of 411,629. 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 market cap of $13.07 billion, a PE ratio of 16.68 and a beta of 0.63. The stock's 50-day simple moving average is $197.81 and its 200 day simple moving average is $202.23. 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 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 firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The business's revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $6.02 EPS. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

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 1.80%. 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.