Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,500 shares of the insurance provider's stock after selling 15,800 shares during the period. Swiss National Bank owned 0.20% of Reinsurance Group of America worth $21,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Reinsurance Group of America by 54.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider's stock valued at $932,000 after acquiring an additional 2,267 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Reinsurance Group of America by 47.5% in the 3rd quarter. Mackenzie Financial Corp now owns 12,880 shares of the insurance provider's stock worth $1,833,000 after buying an additional 4,148 shares during the last quarter. Advisor Partners II LLC raised its position in shares of Reinsurance Group of America by 15.7% during the 3rd quarter. Advisor Partners II LLC now owns 5,999 shares of the insurance provider's stock valued at $871,000 after buying an additional 814 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Reinsurance Group of America by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,536 shares of the insurance provider's stock worth $3,127,000 after acquiring an additional 272 shares during the last quarter. Finally, Cambiar Investors LLC grew its position in Reinsurance Group of America by 13.4% in the third quarter. Cambiar Investors LLC now owns 95,143 shares of the insurance provider's stock worth $13,814,000 after acquiring an additional 11,255 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,588 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now directly owns 13,625 shares of the company's stock, valued at $2,341,183.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP William L. Hutton sold 1,588 shares of the business's 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 $2,341,183.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares of the company's stock, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. In the last quarter, insiders 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 1.2 %

Shares of RGA stock traded down $2.41 during trading hours on Thursday, reaching $205.18. The company's stock had a trading volume of 467,974 shares, compared to its average volume of 365,792. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.50 billion, a P/E ratio of 15.94 and a beta of 0.88. The firm's fifty day simple moving average is $188.90 and its 200 day simple moving average is $172.30. Reinsurance Group of America, Incorporated has a one year low of $135.07 and a one year high of $208.39.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping the consensus estimate of $4.55 by $1.47. The business had revenue of $6.34 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $5.16 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.85 per share. The ex-dividend date is Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.66%. Reinsurance Group of America's dividend payout ratio (DPR) is 26.42%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RGA shares. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $189.00 to $195.00 and gave the stock a "neutral" rating in a research note on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an "outperform" rating in a research note on Tuesday. Wells Fargo & Company upped their price objective 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. UBS Group lifted their target price on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $196.00.

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.