Royal Bank of Canada Has $14.06 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Royal Bank of Canada decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,792 shares of the insurance provider's stock after selling 19,646 shares during the period. Royal Bank of Canada owned approximately 0.10% of Reinsurance Group of America worth $14,055,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RGA. Vanguard Group Inc. grew its stake in shares of Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock worth $1,541,121,000 after purchasing an additional 51,733 shares during the last quarter. FMR LLC increased its position in shares of Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after acquiring an additional 564,693 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock worth $526,911,000 after acquiring an additional 33,082 shares in the last quarter. Alliancebernstein L.P. grew its position in Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after purchasing an additional 893,537 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Reinsurance Group of America by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after purchasing an additional 4,106 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA traded down $0.59 during mid-day trading on Friday, hitting $203.43. The company had a trading volume of 429,580 shares, compared to its average volume of 410,199. The business's 50-day simple moving average is $192.98 and its 200-day simple moving average is $205.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The firm has a market cap of $13.44 billion, a P/E ratio of 18.94 and a beta of 0.57.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping 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 return on equity of 14.55% and a net margin of 3.24%. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the business earned $6.02 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is 30.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RGA. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Morgan Stanley set a $209.00 price objective on shares of Reinsurance Group of America and gave the stock an "equal weight" rating in a report on Monday, May 19th. Raymond James reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Keefe, Bruyette & Woods upped 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 report on Wednesday, May 7th. Finally, UBS Group restated a "neutral" rating and set a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average target price of $228.85.

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.