Reinsurance Group of America, Incorporated (NYSE:RGA) Short Interest Update

Reinsurance Group of America, Incorporated (NYSE:RGA - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 379,300 shares, a decline of 26.1% from the March 31st total of 513,100 shares. Based on an average daily volume of 351,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods upped their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $212.00 target price on shares of Reinsurance Group of America in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.38.

Insider Buying and Selling

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company's stock, valued at $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock valued at $1,162,239 over the last quarter. 1.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Reinsurance Group of America

A number of hedge funds have recently modified their holdings of RGA. Lindbrook Capital LLC boosted its holdings in Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 87 shares during the period. Pineridge Advisors LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Reinsurance Group of America during the first quarter worth approximately $29,000. VisionPoint Advisory Group LLC increased its position in Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider's stock worth $31,000 after buying an additional 114 shares during the period. Finally, Toth Financial Advisory Corp increased its position in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock worth $39,000 after buying an additional 70 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

NYSE RGA traded down $2.28 during mid-day trading on Friday, hitting $188.78. The stock had a trading volume of 429,874 shares, compared to its average volume of 318,230. The firm's 50 day moving average is $184.46 and its 200 day moving average is $169.41. Reinsurance Group of America has a twelve month low of $133.13 and a twelve month high of $196.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 14.06 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the company earned $2.99 EPS. The company's revenue for the quarter was up 14.9% on a year-over-year basis. Equities research analysts forecast that Reinsurance Group of America will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America's dividend payout ratio is presently 25.32%.

Reinsurance Group of America Company 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.