Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,041 shares of the insurance provider’s stock after selling 606 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Reinsurance Group of America were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System acquired a new position in Reinsurance Group of America in the fourth quarter worth about $2,993,000. International Assets Investment Management LLC grew its stake in Reinsurance Group of America by 16,078.1% during the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock valued at $3,586,000 after acquiring an additional 22,027 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Reinsurance Group of America in the first quarter valued at about $675,000. Price T Rowe Associates Inc. MD raised its position in Reinsurance Group of America by 22.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after acquiring an additional 26,306 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $92,083,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RGA has been the topic of a number of research analyst reports. UBS Group raised their target price on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods increased their target price on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Jefferies Financial Group increased their price target on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Raymond James raised their price target on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $217.64.

Reinsurance Group of America Stock Up 2.6 %

Shares of RGA stock traded up $4.96 during trading on Tuesday, reaching $197.58. The company’s stock had a trading volume of 665,227 shares, compared to its average volume of 377,185. The business has a fifty day moving average price of $209.45 and a 200-day moving average price of $193.95. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 15.31 and a beta of 0.92. Reinsurance Group of America, Incorporated has a one year low of $135.07 and a one year high of $227.87.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 16.23%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.40 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post 21.24 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.80%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 26.42%.

Insiders Place Their Bets

In other news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.37% of the company’s stock.

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.