New York State Common Retirement Fund Has $33.72 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

New York State Common Retirement Fund cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,421 shares of the insurance provider's stock after selling 9,211 shares during the period. New York State Common Retirement Fund owned approximately 0.32% of Reinsurance Group of America worth $33,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RGA. AE Wealth Management LLC boosted its holdings in shares of Reinsurance Group of America by 23.1% in the third quarter. AE Wealth Management LLC now owns 7,875 shares of the insurance provider's stock valued at $1,143,000 after acquiring an additional 1,479 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Reinsurance Group of America by 27.0% during the third quarter. Handelsbanken Fonder AB now owns 400,200 shares of the insurance provider's stock valued at $58,105,000 after purchasing an additional 85,000 shares during the last quarter. Tectonic Advisors LLC acquired a new stake in Reinsurance Group of America during the third quarter valued at approximately $275,000. FinTrust Capital Advisors LLC lifted its stake in Reinsurance Group of America by 69.4% during the third quarter. FinTrust Capital Advisors LLC now owns 754 shares of the insurance provider's stock valued at $109,000 after purchasing an additional 309 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Reinsurance Group of America by 1.3% during the third quarter. Raymond James & Associates now owns 216,578 shares of the insurance provider's stock valued at $31,445,000 after purchasing an additional 2,825 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,588 shares of the 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 transaction, the executive vice president now owns 13,625 shares in the company, valued at approximately $2,341,183.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction 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 in the company, valued at approximately $2,429,927.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William L. Hutton sold 1,588 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the transaction, the executive vice president now 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 worth $1,162,239 in the last 90 days. 1.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RGA shares. Keefe, Bruyette & Woods increased their target price on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Finally, Morgan Stanley upped their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $194.38.

Reinsurance Group of America Stock Down 1.2 %

RGA stock traded down $2.28 during midday trading on Friday, reaching $188.78. The company had a trading volume of 429,874 shares, compared to its average volume of 346,866. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $12.42 billion, a P/E ratio of 14.06 and a beta of 0.89. The company has a 50 day moving average of $184.46 and a two-hundred day moving average of $169.25.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released 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 net margin of 4.86% and a return on equity of 16.20%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The company's revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.80%. Reinsurance Group of America's payout ratio is 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.