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

Several equities analysts have recently commented on the stock. Morgan Stanley reaffirmed a “sell” rating on shares of Reinsurance Group of America in a research note on Saturday, April 30th. Deutsche Bank AG upped 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. Zacks Investment Research downgraded shares of Reinsurance Group of America from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Citigroup Inc. upped their price objective on shares of 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, Royal Bank Of Canada assumed coverage on shares of Reinsurance Group of America in a research note on Thursday, April 28th. They set a “sector perform” rating and a $96.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Reinsurance Group of America has a consensus rating of “Hold” and an average target price of $98.89.

The firm has a 50 day moving average price of $96.69 and a 200 day moving average price of $94.29. The firm has a market cap of $6.47 billion and a price-to-earnings ratio of 11.88.

Reinsurance Group of America (NYSE:RGA) last released 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. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts expect that Reinsurance Group of America Inc. will post $9.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 9th will be paid a dividend of $0.41 per share. The ex-dividend date 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 dividend yield of 1.62%.

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

Other large investors recently made changes to their positions in the company. Trexquant Investment LP raised its stake 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 worth $1,446,000 after buying an additional 13,902 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Reinsurance Group of America during the fourth quarter worth $1,644,000. BlackRock Advisors LLC raised its stake 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 worth $27,441,000 after buying an additional 8,871 shares during the last quarter. Morgan Stanley raised its stake in shares of 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. Finally, Schroder Investment Management Group raised its stake 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 worth $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.

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