Huntington National Bank Increases Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Huntington National Bank increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,260 shares of the insurance provider’s stock after acquiring an additional 133 shares during the period. Huntington National Bank’s holdings in Reinsurance Group of America were worth $269,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Spire Wealth Management boosted its position in shares of Reinsurance Group of America by 39.0% during the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 57 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Reinsurance Group of America by 2.6% during the 4th quarter. Keybank National Association OH now owns 2,342 shares of the insurance provider’s stock valued at $500,000 after purchasing an additional 59 shares during the last quarter. Inspire Investing LLC grew its position in shares of Reinsurance Group of America by 0.5% during the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider’s stock valued at $3,039,000 after purchasing an additional 72 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in shares of Reinsurance Group of America by 2.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,349 shares of the insurance provider’s stock worth $715,000 after purchasing an additional 77 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Reinsurance Group of America by 38.1% in the fourth quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock worth $62,000 after buying an additional 80 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 7.9 %

NYSE:RGA opened at $172.27 on Friday. The firm has a fifty day simple moving average of $201.62 and a 200-day simple moving average of $212.70. Reinsurance Group of America, Incorporated has a 12 month low of $170.19 and a 12 month high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $11.37 billion, a P/E ratio of 16.04 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS 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 14.55%. On average, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analysts Set New Price Targets

Several research firms recently commented on RGA. Evercore ISI dropped their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. UBS Group reiterated a “neutral” rating and set a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $232.00 to $237.00 in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $230.38.

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.