Lazard Asset Management LLC Has $22.47 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Lazard Asset Management LLC raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,171 shares of the insurance provider's stock after acquiring an additional 8,365 shares during the quarter. Lazard Asset Management LLC owned approximately 0.16% of Reinsurance Group of America worth $22,466,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in shares of Reinsurance Group of America by 39.0% in the 4th quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock worth $43,000 after buying an additional 57 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after buying an additional 57 shares during the last quarter. Keybank National Association OH lifted its position in shares of Reinsurance Group of America by 2.6% in the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider's stock worth $500,000 after buying an additional 59 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Reinsurance Group of America by 0.5% in the 4th quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after buying an additional 72 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its position in shares of Reinsurance Group of America by 2.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider's stock worth $715,000 after buying an additional 77 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA traded up $4.32 during mid-day trading on Friday, hitting $209.26. The company's stock had a trading volume of 690,128 shares, compared to its average volume of 407,380. The firm has a 50-day moving average price of $190.73 and a 200 day moving average price of $206.82. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 19.48 and a beta of 0.57. 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 fifty-two week low of $159.25 and a fifty-two week high of $233.81.

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 company had revenue of $5.26 billion during 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 business's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the company posted $6.02 earnings per share. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is currently 30.04%.

Analysts Set New Price Targets

RGA has been the topic of a number of recent research reports. Evercore ISI reduced their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. upgraded shares of Reinsurance Group of America from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a report on Monday, February 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.69.

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.