Jefferies Financial Group Inc. Grows Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jefferies Financial Group Inc. lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,250 shares of the insurance provider's stock after buying an additional 1,845 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Reinsurance Group of America were worth $1,122,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position 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 worth $38,895,000 after purchasing an additional 29,352 shares in the last quarter. Martin Capital Partners LLC purchased a new stake in shares of Reinsurance Group of America in the fourth quarter worth $1,788,000. Pacer Advisors Inc. increased its holdings in shares of Reinsurance Group of America by 23.8% during the fourth quarter. Pacer Advisors Inc. now owns 14,402 shares of the insurance provider's stock valued at $3,077,000 after acquiring an additional 2,768 shares in the last quarter. 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 worth $2,405,000 after purchasing an additional 4,972 shares during the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in shares of Reinsurance Group of America in the 4th quarter worth about $489,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on RGA shares. Evercore ISI reduced their price objective 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. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Morgan Stanley increased their target price on Reinsurance Group of America from $195.00 to $209.00 and gave the company an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on 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. Finally, Wells Fargo & Company increased their price objective on 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of "Moderate Buy" and a consensus target price of $228.85.

Reinsurance Group of America Price Performance

NYSE:RGA traded up $0.39 during trading hours on Tuesday, reaching $210.10. The stock had a trading volume of 74,357 shares, compared to its average volume of 406,691. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. The stock has a market capitalization of $13.88 billion, a PE ratio of 19.55 and a beta of 0.57. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a 50 day moving average price of $191.16 and a two-hundred day moving average price of $206.70.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned $6.02 earnings per share. Reinsurance Group of America's quarterly revenue was down 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 annualized dividend and a yield of 1.69%. Reinsurance Group of America's payout ratio is currently 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.