Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 644,481 shares of the insurance provider’s stock after acquiring an additional 460 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.98% of Reinsurance Group of America worth $140,413,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in shares of Reinsurance Group of America by 13.3% during the third quarter. HighTower Advisors LLC now owns 51,855 shares of the insurance provider’s stock worth $11,266,000 after acquiring an additional 6,101 shares during the period. Hilltop Holdings Inc. bought a new stake in Reinsurance Group of America during the third quarter valued at $228,000. Benjamin Edwards Inc. acquired a new position in Reinsurance Group of America during the third quarter worth $427,000. Kolinsky Wealth Management LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter worth about $200,000. Finally, Point72 Europe London LLP lifted its holdings in shares of Reinsurance Group of America by 15.0% during the 3rd quarter. Point72 Europe London LLP now owns 60,865 shares of the insurance provider’s stock worth $13,261,000 after acquiring an additional 7,951 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RGA. Morgan Stanley lowered their price target 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. 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 upped their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Raymond James lifted 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. Finally, Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Three investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

Reinsurance Group of America Price Performance

NYSE RGA opened at $227.41 on Tuesday. Reinsurance Group of America, Incorporated has a 1 year low of $157.48 and a 1 year high of $233.81. The business’s fifty day moving average is $220.39 and its two-hundred day moving average is $213.88. 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 has a market capitalization of $14.98 billion, a P/E ratio of 20.88 and a beta of 0.93.

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

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 1.57%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Insider Transactions at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction 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. This represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.

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.