Voya Investment Management LLC Buys 1,977 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Voya Investment Management LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,588 shares of the insurance provider's stock after purchasing an additional 1,977 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Reinsurance Group of America worth $16,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider's stock worth $22,396,000 after purchasing an additional 5,398 shares during the last quarter. Invst LLC bought a new position in shares of Reinsurance Group of America during the 3rd quarter valued at approximately $229,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Reinsurance Group of America during the 3rd quarter worth approximately $293,000. Franklin Resources Inc. grew its holdings in Reinsurance Group of America by 7.9% during the third quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider's stock valued at $16,862,000 after purchasing an additional 5,699 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Reinsurance Group of America by 9.2% during the third quarter. Retirement Systems of Alabama now owns 161,301 shares of the insurance provider's stock valued at $35,143,000 after purchasing an additional 13,596 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

RGA has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Reinsurance Group of America from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. UBS Group restated a "neutral" rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Evercore ISI cut their price objective on 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. Morgan Stanley decreased their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, Barclays reduced their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.15.

Reinsurance Group of America Trading Up 5.9 %

Shares of RGA traded up $11.08 during trading hours on Friday, reaching $198.02. 620,215 shares of the company traded hands, compared to its average volume of 498,865. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 18.44 and a beta of 0.70. The company's fifty day moving average price is $189.00 and its two-hundred day moving average price is $207.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

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

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America's payout ratio is 33.15%.

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.