SG Americas Securities LLC Makes New $415,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

SG Americas Securities LLC acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,110 shares of the insurance provider's stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Reinsurance Group of America by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider's stock valued at $1,541,121,000 after purchasing an additional 51,733 shares during the last quarter. FMR LLC boosted its holdings in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of 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 valued at $239,911,000 after purchasing an additional 893,537 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $238,031,000 after purchasing an additional 4,106 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Reinsurance Group of America by 34.4% during the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock valued at $201,802,000 after purchasing an additional 241,669 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RGA shares. Keefe, Bruyette & Woods increased their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and increased 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 shares of Reinsurance Group of America and gave the company an "equal weight" rating in a report on Monday, May 19th. Evercore ISI lowered their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America has a consensus rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $197.70 on Wednesday. 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, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The firm has a market capitalization of $13.06 billion, a P/E ratio of 16.68 and a beta of 0.63. The company's 50-day moving average is $198.12 and its 200 day moving average is $202.20.

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 analysts' consensus estimates of $5.33 by $0.33. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the company posted $6.02 earnings per share. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

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 1.80%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

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.

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