Mount Lucas Management LP Buys 72 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Mount Lucas Management LP lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,592 shares of the insurance provider’s stock after acquiring an additional 72 shares during the quarter. Mount Lucas Management LP’s holdings in Reinsurance Group of America were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of Reinsurance Group of America by 31.1% during the 3rd quarter. Natixis Advisors LLC now owns 193,698 shares of the insurance provider’s stock worth $42,201,000 after purchasing an additional 45,924 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $4,912,000. CIBC Asset Management Inc grew its stake in shares of Reinsurance Group of America by 5.5% in the third quarter. CIBC Asset Management Inc now owns 2,348 shares of the insurance provider’s stock valued at $512,000 after buying an additional 123 shares in the last quarter. KBC Group NV increased its holdings in Reinsurance Group of America by 14.7% during the third quarter. KBC Group NV now owns 1,705 shares of the insurance provider’s stock worth $371,000 after buying an additional 219 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Reinsurance Group of America during the third quarter worth $242,000. Institutional investors own 95.11% of the company’s stock.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Trading Up 1.1 %

RGA stock opened at $231.95 on Monday. Reinsurance Group of America, Incorporated has a 52 week low of $157.21 and a 52 week high of $233.14. 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 company’s 50-day simple moving average is $217.33 and its 200 day simple moving average is $211.81. The company has a market capitalization of $15.28 billion, a PE ratio of 21.30 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.31 by $0.82. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.57 earnings per share. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RGA shares. Royal Bank of Canada lifted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Raymond James increased their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $227.38.

Reinsurance Group of America 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.