WCM Investment Management LLC Purchases 33,082 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

WCM Investment Management LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,480,750 shares of the insurance provider’s stock after buying an additional 33,082 shares during the period. WCM Investment Management LLC’s holdings in Reinsurance Group of America were worth $526,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its stake in Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after buying an additional 18,162 shares in the last quarter. Stifel Financial Corp boosted its stake 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 buying an additional 27,931 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Reinsurance Group of America by 47.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after buying an additional 117,829 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in Reinsurance Group of America by 0.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 209,683 shares of the insurance provider’s stock valued at $45,683,000 after buying an additional 649 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in Reinsurance Group of America by 31.1% in the 3rd quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock valued at $42,201,000 after buying an additional 45,924 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent analyst reports. Barclays reduced their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Trading Down 9.5 %

NYSE RGA opened at $208.71 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $165.38 and a 12 month high of $233.81. The stock has a 50-day simple moving average of $218.73 and a 200 day simple moving average of $217.43. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $13.75 billion, a PE ratio of 19.43 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.80%. Research analysts forecast that Reinsurance Group of America, Incorporated will post 23.14 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 33.15%.

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.