Park Avenue Securities LLC Acquires 2,759 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Park Avenue Securities LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 21.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,744 shares of the insurance provider’s stock after buying an additional 2,759 shares during the period. Park Avenue Securities LLC’s holdings in Reinsurance Group of America were worth $3,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. WCM Investment Management LLC grew its position in Reinsurance Group of America by 1,208.5% in the third quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock worth $527,742,000 after acquiring an additional 2,260,605 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of Reinsurance Group of America by 681.8% in 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 period. Millennium Management LLC increased its position in shares of Reinsurance Group of America by 43.8% during the 2nd quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock valued at $89,758,000 after purchasing an additional 133,212 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Reinsurance Group of America by 47.7% during 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 during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Reinsurance Group of America in the third quarter worth $11,803,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA stock opened at $224.00 on Friday. Reinsurance Group of America, Incorporated has a twelve month low of $163.81 and a twelve month high of $233.81. 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 stock has a fifty day simple moving average of $219.78 and a two-hundred day simple moving average of $215.61. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 20.57 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The company 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%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.57 earnings per share. On average, analysts predict that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.59%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RGA. StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Raymond James increased their price objective 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. Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Barclays reduced their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

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.