Banco Santander S.A. Grows Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Banco Santander S.A. grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,943 shares of the insurance provider’s stock after purchasing an additional 428 shares during the period. Banco Santander S.A.’s holdings in Reinsurance Group of America were worth $12,188,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RGA. Price T Rowe Associates Inc. MD increased its stake in Reinsurance Group of America by 22.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock worth $27,617,000 after buying an additional 26,306 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Reinsurance Group of America by 50.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after acquiring an additional 2,524 shares in the last quarter. M&G Plc increased its position in shares of Reinsurance Group of America by 5.0% during the second quarter. M&G Plc now owns 85,153 shares of the insurance provider’s stock worth $17,456,000 after acquiring an additional 4,025 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Reinsurance Group of America in the second quarter worth about $1,925,000. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Reinsurance Group of America in the third quarter worth about $3,548,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

RGA stock opened at $226.73 on Thursday. Reinsurance Group of America, Incorporated has a 1 year low of $157.48 and a 1 year high of $233.14. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 20.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. The stock’s fifty day moving average is $218.39 and its two-hundred day moving average is $212.53.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $5.57 EPS. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, November 8th. Reinsurance Group of America’s payout ratio is currently 32.69%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Raymond James boosted their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, TD Cowen assumed coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.38.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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.