Cerity Partners LLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 725.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,948 shares of the insurance provider's stock after purchasing an additional 14,894 shares during the quarter. Cerity Partners LLC's holdings in Reinsurance Group of America were worth $2,742,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 70 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Reinsurance Group of America by 3.3% in the first quarter. CIBC Asset Management Inc now owns 2,183 shares of the insurance provider's stock valued at $290,000 after acquiring an additional 70 shares in the last quarter. Integrated Investment Consultants LLC boosted its holdings in Reinsurance Group of America by 2.0% during the third quarter. Integrated Investment Consultants LLC now owns 3,830 shares of the insurance provider's stock worth $556,000 after buying an additional 76 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Reinsurance Group of America by 4.3% during the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider's stock worth $320,000 after buying an additional 82 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Reinsurance Group of America by 2.5% during the second quarter. Captrust Financial Advisors now owns 3,820 shares of the insurance provider's stock worth $448,000 after buying an additional 93 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares of the company's stock, valued at $2,429,927.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares of the company's stock, valued at $2,429,927.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William L. Hutton sold 1,588 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $1,162,239 over the last quarter. Company insiders own 1.31% of the company's stock.
Reinsurance Group of America Trading Up 2.2 %
Shares of NYSE:RGA traded up $4.04 during trading on Friday, reaching $186.52. The stock had a trading volume of 510,047 shares, compared to its average volume of 348,409. The business has a fifty day moving average price of $182.34 and a 200-day moving average price of $167.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market cap of $12.27 billion, a P/E ratio of 13.89 and a beta of 0.89. Reinsurance Group of America, Incorporated has a fifty-two week low of $133.13 and a fifty-two week high of $196.25.
Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating analysts' consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business posted $2.99 earnings per share. The company's revenue was up 14.9% on a year-over-year basis. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.
Reinsurance Group of America Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America's dividend payout ratio is currently 25.32%.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday. Evercore ISI boosted their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, April 11th. UBS Group boosted their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $194.38.
Check Out Our Latest Stock Report on RGA
About Reinsurance Group of America
(
Free Report)
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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