Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,115 shares of the insurance provider’s stock after selling 16,656 shares during the quarter. Raymond James & Associates owned about 0.35% of Reinsurance Group of America worth $43,999,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. FinTrust Capital Advisors LLC boosted its holdings in Reinsurance Group of America by 69.4% during the third quarter. FinTrust Capital Advisors LLC now owns 754 shares of the insurance provider’s stock worth $109,000 after buying an additional 309 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Reinsurance Group of America by 54.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider’s stock worth $932,000 after acquiring an additional 2,267 shares during the period. Bank of New York Mellon Corp increased its stake in Reinsurance Group of America by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider’s stock valued at $133,288,000 after purchasing an additional 13,229 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Reinsurance Group of America by 47.5% during the third quarter. Mackenzie Financial Corp now owns 12,880 shares of the insurance provider’s stock worth $1,833,000 after purchasing an additional 4,148 shares during the last quarter. Finally, Advisor Partners II LLC boosted its position in Reinsurance Group of America by 15.7% during the third quarter. Advisor Partners II LLC now owns 5,999 shares of the insurance provider’s stock worth $871,000 after purchasing an additional 814 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock traded up $10.47 during trading hours on Friday, reaching $201.65. The company’s stock had a trading volume of 810,552 shares, compared to its average volume of 376,711. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a one year low of $133.13 and a one year high of $202.06. The company’s 50 day simple moving average is $186.60 and its 200 day simple moving average is $170.94. The stock has a market cap of $13.27 billion, a P/E ratio of 15.67 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $1.51. The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a return on equity of 16.49% and a net margin of 4.16%. During the same period in the previous year, the firm posted $5.16 earnings per share. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RGA shares. Morgan Stanley lifted their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their target price on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. UBS Group upped their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 12th. Finally, Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $194.85.

Insider Buying and Selling at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by insiders.

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.