Reinsurance Group of America Inc. (NYSE:RGA)’s share price reached a new 52-week high on Thursday . The company traded as high as $102.04 and last traded at $101.65, with a volume of 115,989 shares. The stock had previously closed at $101.48.

A number of brokerages have recently issued reports on RGA. Morgan Stanley reiterated a “sell” rating on shares of Reinsurance Group of America in a research note on Saturday, April 30th. Citigroup Inc. upped their price objective on Reinsurance Group of America from $97.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Reinsurance Group of America in a research note on Wednesday, July 6th. Evercore ISI began coverage on Reinsurance Group of America in a research note on Wednesday, July 6th. They set a “hold” rating and a $92.00 price objective on the stock. Finally, Zacks Investment Research cut Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $98.89.

The stock has a market cap of $6.50 billion and a PE ratio of 11.94. The firm has a 50-day moving average of $96.56 and a 200-day moving average of $94.14.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 9th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 5th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 1.62%.

In related news, CEO A Greig Woodring sold 31,058 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $100.62, for a total transaction of $3,125,055.96. Following the transaction, the chief executive officer now owns 208,353 shares of the company’s stock, valued at $20,964,478.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Todd C. Larson sold 2,355 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $100.73, for a total value of $237,219.15. Following the transaction, the chief financial officer now directly owns 24,955 shares in the company, valued at approximately $2,513,717.15. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in RGA. BlackRock Advisors LLC boosted its position in shares of Reinsurance Group of America by 2.8% in the fourth quarter. BlackRock Advisors LLC now owns 320,763 shares of the company’s stock valued at $27,441,000 after buying an additional 8,871 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Reinsurance Group of America by 463.4% in the fourth quarter. Trexquant Investment LP now owns 16,902 shares of the company’s stock valued at $1,446,000 after buying an additional 13,902 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $144,563,000 after buying an additional 16,338 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $1,644,000. Finally, Schroder Investment Management Group boosted its position in shares of 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 valued at $41,591,000 after buying an additional 32,000 shares during the last quarter.

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.