Gotham Asset Management LLC Purchases 8,113 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Gotham Asset Management LLC boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 190.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,381 shares of the insurance provider's stock after buying an additional 8,113 shares during the quarter. Gotham Asset Management LLC's holdings in Reinsurance Group of America were worth $2,645,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RGA. Alliancebernstein L.P. increased its position in Reinsurance Group of America by 389.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider's stock worth $239,911,000 after buying an additional 893,537 shares during the last quarter. Norges Bank bought a new position in shares of Reinsurance Group of America in the 4th quarter valued at approximately $174,082,000. FMR LLC lifted its holdings in Reinsurance Group of America by 11.1% in the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock worth $1,205,042,000 after purchasing an additional 564,693 shares during the last quarter. Invesco Ltd. lifted its holdings in Reinsurance Group of America by 34.4% in the 4th quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after purchasing an additional 241,669 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Reinsurance Group of America during the fourth quarter valued at approximately $48,724,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RGA. Morgan Stanley boosted their price objective on shares of Reinsurance Group of America from $195.00 to $209.00 and gave the stock an "equal weight" rating in a research note on Monday. Evercore ISI decreased their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.85.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock traded up $0.47 on Monday, hitting $209.59. The company's stock had a trading volume of 421,352 shares, compared to its average volume of 407,959. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The firm has a market cap of $13.85 billion, a P/E ratio of 19.51 and a beta of 0.57. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $190.73 and a 200-day moving average price of $206.74.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. The company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.02 earnings per share. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is 30.04%.

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.