GHP Investment Advisors Inc. Purchases 106 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

GHP Investment Advisors Inc. lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,663 shares of the insurance provider’s stock after buying an additional 106 shares during the period. GHP Investment Advisors Inc.’s holdings in Reinsurance Group of America were worth $2,064,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America in the third quarter worth $25,000. Private Trust Co. NA boosted its position in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. Wolff Wiese Magana LLC purchased a new position in Reinsurance Group of America during the 3rd quarter worth $34,000. Strengthening Families & Communities LLC acquired a new position in Reinsurance Group of America during the 3rd quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in Reinsurance Group of America in the third quarter valued at about $37,000. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RGA shares. Royal Bank of Canada boosted their price target on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays cut their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Three investment 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Stock Up 0.2 %

RGA opened at $230.04 on Friday. The company has a fifty day moving average of $219.11 and a two-hundred day moving average of $217.39. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 21.12 and a beta of 0.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.38 and a fifty-two week high of $233.81. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.55%. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.69%.

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.