Essential Planning LLC. Invests $1.66 Million in Reinsurance Group of America, Incorporated (NYSE:RGA)

Essential Planning LLC. purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,605 shares of the insurance provider’s stock, valued at approximately $1,658,000.

Several other institutional investors have also recently added to or reduced their stakes in RGA. Crossmark Global Holdings Inc. raised its stake in Reinsurance Group of America by 30.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,233 shares of the insurance provider’s stock valued at $1,140,000 after purchasing an additional 1,216 shares during the last quarter. Entropy Technologies LP raised its stake in Reinsurance Group of America by 36.6% in the 3rd quarter. Entropy Technologies LP now owns 9,963 shares of the insurance provider’s stock valued at $2,171,000 after purchasing an additional 2,669 shares during the last quarter. MQS Management LLC acquired a new position in Reinsurance Group of America in the 3rd quarter valued at about $496,000. Oppenheimer & Co. Inc. acquired a new position in Reinsurance Group of America in the 3rd quarter valued at about $242,000. Finally, KBC Group NV raised its stake in Reinsurance Group of America by 14.7% in the 3rd quarter. KBC Group NV now owns 1,705 shares of the insurance provider’s stock valued at $371,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a report on Monday, February 10th. Morgan Stanley lowered their price target on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Barclays lowered their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.62.

Reinsurance Group of America Stock Up 0.2 %

Shares of NYSE:RGA opened at $187.69 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The stock has a market capitalization of $12.39 billion, a P/E ratio of 17.48 and a beta of 0.91. The stock has a 50-day simple moving average of $211.01 and a 200-day simple moving average of $215.29.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

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.