Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Position Increased by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 17,504 shares of the insurance provider’s stock after purchasing an additional 124 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Reinsurance Group of America were worth $2,832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. South Dakota Investment Council raised its position in shares of Reinsurance Group of America by 6.0% during the fourth quarter. South Dakota Investment Council now owns 147,933 shares of the insurance provider’s stock worth $23,933,000 after purchasing an additional 8,357 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $82,000. Aspire Private Capital LLC raised its position in shares of Reinsurance Group of America by 4.7% during the fourth quarter. Aspire Private Capital LLC now owns 2,351 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 105 shares during the period. California Public Employees Retirement System raised its position in shares of Reinsurance Group of America by 65.5% during the fourth quarter. California Public Employees Retirement System now owns 219,152 shares of the insurance provider’s stock worth $35,454,000 after purchasing an additional 86,698 shares during the period. Finally, Monument Capital Management acquired a new stake in shares of Reinsurance Group of America during the fourth quarter worth $2,152,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the transaction, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Stock Up 0.5 %

NYSE RGA traded up $0.97 on Wednesday, reaching $191.01. The stock had a trading volume of 206,119 shares, compared to its average volume of 345,103. The business has a 50 day moving average price of $183.22 and a 200 day moving average price of $168.63. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 14.22 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.99 EPS. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RGA shares. Evercore ISI boosted their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Finally, UBS Group lifted their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Company Profile

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.