Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,030 shares of the insurance provider's stock after purchasing an additional 12,500 shares during the period. LSV Asset Management owned 0.42% of Reinsurance Group of America worth $45,303,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Reinsurance Group of America by 1,545.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 576 shares of the insurance provider's stock worth $94,000 after buying an additional 541 shares during the period. New York Life Investment Management LLC boosted its holdings in Reinsurance Group of America by 6.9% in the 4th quarter. New York Life Investment Management LLC now owns 7,555 shares of the insurance provider's stock worth $1,222,000 after buying an additional 486 shares during the period. Jackson Creek Investment Advisors LLC boosted its holdings in Reinsurance Group of America by 101.4% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 6,037 shares of the insurance provider's stock worth $977,000 after buying an additional 3,040 shares during the period. Convergence Investment Partners LLC bought a new position in Reinsurance Group of America in the 4th quarter worth approximately $224,000. Finally, Alaska Permanent Fund Corp boosted its holdings in Reinsurance Group of America by 0.7% in the 4th quarter. Alaska Permanent Fund Corp now owns 17,504 shares of the insurance provider's stock valued at $2,832,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analysts Set New Price Targets

RGA has been the subject of several analyst reports. Morgan Stanley raised 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 report on Monday, April 15th. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised 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. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research report 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average target price of $194.85.

Insider Activity

In other news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company's stock, valued at approximately $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company's stock, valued at approximately $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,462 shares of company stock valued at $1,162,239. Corporate insiders own 1.37% of the company's stock.

Reinsurance Group of America Trading Down 0.4 %

Shares of RGA stock traded down $0.73 during mid-day trading on Monday, reaching $200.92. The stock had a trading volume of 557,746 shares, compared to its average volume of 359,856. The stock's 50-day moving average price is $187.17 and its two-hundred day moving average price is $171.43. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $204.69. The firm has a market capitalization of $13.22 billion, a PE ratio of 15.61 and a beta of 0.88. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to analysts' expectations of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the previous year, the company earned $5.16 earnings per share. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, May 13th. Reinsurance Group of America's payout ratio is 26.42%.

About Reinsurance Group of America

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.