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

RGA has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. upgraded shares of Reinsurance Group of America from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $108.00 in a research report on Friday, July 15th. Royal Bank Of Canada began coverage on shares of Reinsurance Group of America in a research note on Thursday, April 28th. They issued a “sector perform” rating and a $96.00 price objective for the company. Zacks Investment Research lowered shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Deutsche Bank AG lifted their price objective on shares of Reinsurance Group of America from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, July 7th. Finally, Evercore ISI began coverage on shares of Reinsurance Group of America in a research note on Wednesday, July 6th. They issued a “hold” rating and a $92.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Reinsurance Group of America currently has a consensus rating of “Hold” and a consensus price target of $98.89.

The firm has a market capitalization of $6.46 billion and a price-to-earnings ratio of 11.87. The company’s 50 day moving average price is $96.00 and its 200 day moving average price is $93.57.

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

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

In other news, Director Arnoud W.A. Boot sold 625 shares of the stock in a transaction that occurred on 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 sale, the director now owns 7,000 shares of the company’s stock, valued at $672,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several hedge funds recently added to or reduced their stakes in RGA. BlackRock Advisors LLC raised its stake in Reinsurance Group of America by 2.8% in the fourth quarter. BlackRock Advisors LLC now owns 320,763 shares of the company’s stock worth $27,441,000 after buying an additional 8,871 shares during the period. Dimensional Fund Advisors LP raised its stake in Reinsurance Group of America by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,689,738 shares of the company’s stock worth $144,563,000 after buying an additional 16,338 shares during the period. Trexquant Investment LP raised its stake in Reinsurance Group of America by 463.4% in the fourth quarter. Trexquant Investment LP now owns 16,902 shares of the company’s stock worth $1,446,000 after buying an additional 13,902 shares during the period. Diamond Hill Capital Management Inc. raised its stake 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 period. Finally, Marshall Wace LLP bought a new stake in Reinsurance Group of America during the fourth quarter worth $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.