Kennedy Capital Management LLC Sells 14,384 Shares of Reinsurance Group of America, Incorporated $RGA

Kennedy Capital Management LLC decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 75,269 shares of the insurance provider’s stock after selling 14,384 shares during the period. Kennedy Capital Management LLC’s holdings in Reinsurance Group of America were worth $14,461,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RGA. Millstone Evans Group LLC lifted its position in Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Reinsurance Group of America in the third quarter valued at approximately $33,000. LRI Investments LLC grew its position in shares of Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 77 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Reinsurance Group of America during the second quarter worth approximately $57,000. Finally, Avalon Trust Co acquired a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Barclays set a $245.00 price objective on shares of Reinsurance Group of America and gave the company an “overweight” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.57.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded up $0.17 during mid-day trading on Friday, reaching $205.17. The company had a trading volume of 24,690 shares, compared to its average volume of 414,038. The business has a fifty day simple moving average of $208.02 and a 200 day simple moving average of $198.23. The company has a market cap of $13.45 billion, a P/E ratio of 11.49 and a beta of 0.50. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the prior year, the company earned $4.99 EPS. Reinsurance Group of America’s revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.96%.

About Reinsurance Group of America

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.