Jacobs Levy Equity Management Inc. Acquires 8,161 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Jacobs Levy Equity Management Inc. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 652,642 shares of the insurance provider's stock after buying an additional 8,161 shares during the period. Jacobs Levy Equity Management Inc. owned 0.99% of Reinsurance Group of America worth $139,424,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RGA. Principal Financial Group Inc. lifted its stake 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 purchasing an additional 29,352 shares during the period. Martin Capital Partners LLC bought a new position in Reinsurance Group of America during the fourth quarter worth about $1,788,000. Pacer Advisors Inc. grew its position in shares of Reinsurance Group of America by 23.8% during the 4th quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock worth $3,077,000 after buying an additional 2,768 shares during the period. Franklin Resources Inc. increased its stake in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after acquiring an additional 5,699 shares during the last quarter. Finally, Versor Investments LP raised its position in shares of Reinsurance Group of America by 79.1% in the 4th quarter. Versor Investments LP now owns 11,256 shares of the insurance provider's stock valued at $2,405,000 after acquiring an additional 4,972 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI lowered their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the company an "overweight" rating in a research report on Tuesday, May 6th. UBS Group reissued 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. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of "Moderate Buy" and an average target price of $230.69.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $205.01 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company's fifty day simple moving average is $189.13 and its 200-day simple moving average is $206.97. The firm has a market cap of $13.55 billion, a PE ratio of 19.09 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly 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 analysts' expectations of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $6.02 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio (DPR) is 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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