Shares of Reinsurance Group of America Inc. (NYSE:RGA) hit a new 52-week high on Friday . The stock traded as high as $100.93 and last traded at $100.69, with a volume of 73,725 shares changing hands. The stock had previously closed at $99.68.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Monday. Deutsche Bank AG increased their target price on Reinsurance Group of America from $103.00 to $108.00 and gave the company a “buy” rating in a research note on Monday. Goldman Sachs Group Inc. upgraded Reinsurance Group of America from a “neutral” rating to a “buy” rating and increased their target price for the company from $96.00 to $108.00 in a research note on Friday, July 15th. Citigroup Inc. increased their target price on Reinsurance Group of America from $97.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Finally, Evercore ISI assumed coverage on Reinsurance Group of America in a research note on Wednesday, July 6th. They set a “hold” rating and a $92.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Reinsurance Group of America presently has an average rating of “Hold” and an average target price of $98.89.

The stock has a 50-day moving average price of $95.81 and a 200 day moving average price of $93.51. The company has a market capitalization of $6.46 billion and a price-to-earnings ratio of 11.87.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, July 28th. The company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.51. During the same quarter in the previous year, the business posted $1.94 EPS. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.71 billion. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities analysts predict that Reinsurance Group of America Inc. will post $9.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 9th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, August 5th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.37.

In related news, Director Arnoud W.A. Boot sold 625 shares of Reinsurance Group of America stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $96.00, for a total transaction of $60,000.00. Following the completion of the transaction, the director now owns 7,000 shares in the company, valued at $672,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors have bought and sold shares of the company. Morgan Stanley boosted its position in Reinsurance Group of America by 80.3% in the fourth quarter. Morgan Stanley now owns 327,152 shares of the company’s stock worth $27,988,000 after buying an additional 145,669 shares during the last quarter. Vanguard Group Inc. boosted its position in Reinsurance Group of America by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 4,606,902 shares of the company’s stock worth $394,120,000 after buying an additional 77,668 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Reinsurance Group of America by 12.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 314,690 shares of the company’s stock worth $26,922,000 after buying an additional 34,980 shares during the last quarter. Schroder Investment Management Group boosted its position in Reinsurance Group of America by 7.0% in the fourth quarter. Schroder Investment Management Group now owns 486,161 shares of the company’s stock worth $41,591,000 after buying an additional 32,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Reinsurance Group of America during the fourth quarter worth approximately $1,644,000.

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other.

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