Barclays PLC Raises Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Barclays PLC boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,790 shares of the insurance provider’s stock after buying an additional 5,398 shares during the quarter. Barclays PLC’s holdings in Reinsurance Group of America were worth $22,396,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Reinsurance Group of America by 22.2% in the third quarter. Public Employees Retirement System of Ohio now owns 42,520 shares of the insurance provider’s stock valued at $9,264,000 after acquiring an additional 7,714 shares in the last quarter. MML Investors Services LLC lifted its holdings in Reinsurance Group of America by 91.7% in the 3rd quarter. MML Investors Services LLC now owns 33,321 shares of the insurance provider’s stock valued at $7,260,000 after purchasing an additional 15,943 shares in the last quarter. Stifel Financial Corp lifted its holdings in Reinsurance Group of America by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 366,601 shares of the insurance provider’s stock valued at $79,872,000 after purchasing an additional 27,931 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Reinsurance Group of America by 18.7% during the 3rd quarter. Quantinno Capital Management LP now owns 20,478 shares of the insurance provider’s stock worth $4,462,000 after purchasing an additional 3,226 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Reinsurance Group of America by 14.1% during the third quarter. Point72 Asset Management L.P. now owns 187,112 shares of the insurance provider’s stock worth $40,766,000 after buying an additional 23,066 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.4 %

Shares of RGA stock opened at $212.27 on Friday. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.48 and a fifty-two week high of $233.81. The firm’s 50 day moving average price is $220.22 and its two-hundred day moving average price is $214.28. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 19.49 and a beta of 0.93. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the previous year, the business posted $5.57 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.68%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RGA shares. Royal Bank of Canada raised their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Raymond James upped their target price on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Barclays raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley lowered their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

Insider Activity at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

About Reinsurance Group of America

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.