Integrated Investment Consultants LLC Has $715,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Integrated Investment Consultants LLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,349 shares of the insurance provider’s stock after purchasing an additional 77 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Reinsurance Group of America were worth $715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its holdings in Reinsurance Group of America by 22.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,428 shares of the insurance provider’s stock worth $1,529,000 after acquiring an additional 1,339 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Reinsurance Group of America by 81.9% in the second quarter. Renaissance Technologies LLC now owns 99,500 shares of the insurance provider’s stock worth $20,424,000 after purchasing an additional 44,800 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Reinsurance Group of America in the second quarter valued at $1,340,000. Vanguard Personalized Indexing Management LLC raised its position in Reinsurance Group of America by 9.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,522 shares of the insurance provider’s stock worth $1,536,000 after purchasing an additional 649 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in Reinsurance Group of America by 56.8% during the 2nd quarter. XTX Topco Ltd now owns 5,132 shares of the insurance provider’s stock worth $1,053,000 after buying an additional 1,858 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $223.16 on Friday. The business has a 50-day simple moving average of $219.83 and a 200 day simple moving average of $215.79. Reinsurance Group of America, Incorporated has a one year low of $163.81 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 20.49 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the firm posted $5.57 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.4 earnings per share 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. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.60%. Reinsurance Group of America’s payout ratio is 32.69%.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company lifted 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 note on Thursday, October 10th. Finally, Barclays dropped their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.31.

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.