Woodline Partners LP Acquires 36,042 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Woodline Partners LP grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 24.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 181,983 shares of the insurance provider's stock after buying an additional 36,042 shares during the period. Woodline Partners LP owned 0.28% of Reinsurance Group of America worth $38,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Reinsurance Group of America by 0.7% in the fourth 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 period. FMR LLC boosted its stake in shares of Reinsurance Group of America by 11.1% in 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. WCM Investment Management LLC boosted its stake in shares of Reinsurance Group of America by 1.4% in the 4th quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider's stock valued at $526,911,000 after purchasing an additional 33,082 shares during the last quarter. Alliancebernstein L.P. grew its position 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 worth $239,911,000 after buying an additional 893,537 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Reinsurance Group of America by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider's stock worth $238,031,000 after buying an additional 4,106 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Wells Fargo & Company raised their price target on Reinsurance Group of America from $246.00 to $248.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Raymond James restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Stock Down 1.5%

Shares of NYSE RGA traded down $3.00 during mid-day trading on Monday, reaching $199.89. 373,744 shares of the company's stock were exchanged, compared to its average volume of 409,981. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 18.61 and a beta of 0.57. The business has a fifty day simple moving average of $192.23 and a 200 day simple moving average of $206.30.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business's quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the company posted $6.02 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.04%.

About Reinsurance Group of America

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.