Franklin Resources Inc. Buys 5,699 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Franklin Resources Inc. boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,516 shares of the insurance provider’s stock after purchasing an additional 5,699 shares during the quarter. Franklin Resources Inc. owned about 0.12% of Reinsurance Group of America worth $16,862,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Earnest Partners LLC boosted its holdings in shares of Reinsurance Group of America by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock worth $539,476,000 after buying an additional 50,228 shares during the period. WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 1,208.5% during the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after acquiring an additional 2,260,605 shares during the period. Geode Capital Management LLC boosted its holdings in Reinsurance Group of America by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock valued at $241,849,000 after acquiring an additional 18,162 shares during the period. Sei Investments Co. grew its position in shares of Reinsurance Group of America by 5.9% in the second quarter. Sei Investments Co. now owns 825,719 shares of the insurance provider’s stock valued at $169,497,000 after purchasing an additional 45,709 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its position in shares of Reinsurance Group of America by 681.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock worth $104,244,000 after purchasing an additional 442,883 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.4 %

Shares of RGA opened at $207.54 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $219.46 and a two-hundred day moving average price of $214.17. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 19.06 and a beta of 0.93. Reinsurance Group of America, Incorporated has a 12 month low of $159.82 and a 12 month high of $233.81.

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

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on RGA. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays increased their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada boosted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their target price 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. Three 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. According to MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average target price of $227.77.

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.