Reinsurance Group of America, Incorporated $RGA Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,691 shares of the insurance provider’s stock after selling 2,584 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Reinsurance Group of America worth $15,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Reinsurance Group of America by 44.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after purchasing an additional 67,880 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Reinsurance Group of America by 121.2% in the 1st quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock valued at $527,000 after purchasing an additional 1,466 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Reinsurance Group of America by 54.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the insurance provider’s stock worth $2,682,000 after buying an additional 4,775 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Reinsurance Group of America by 16.7% during the second quarter. GAMMA Investing LLC now owns 2,814 shares of the insurance provider’s stock valued at $558,000 after buying an additional 402 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RGA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Barclays set a $237.00 price target on Reinsurance Group of America in a research note on Thursday, January 8th. Morgan Stanley set a $208.00 price target on Reinsurance Group of America in a report on Monday, December 15th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Raymond James Financial lowered Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.67.

Reinsurance Group of America Stock Down 0.6%

RGA opened at $194.98 on Friday. The company has a market cap of $12.81 billion, a PE ratio of 15.00 and a beta of 0.55. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $232.97. The company has a 50-day moving average price of $197.41 and a 200 day moving average price of $193.12. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the firm posted $6.13 EPS. Reinsurance Group of America’s revenue was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is currently 28.62%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.