Dean Investment Associates LLC Grows Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Dean Investment Associates LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,285 shares of the insurance provider’s stock after acquiring an additional 704 shares during the period. Dean Investment Associates LLC’s holdings in Reinsurance Group of America were worth $3,479,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of Reinsurance Group of America by 389.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after purchasing an additional 893,537 shares in the last quarter. Norges Bank purchased a new position in shares of Reinsurance Group of America in the fourth quarter worth about $174,082,000. FMR LLC raised its position in Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after buying an additional 564,693 shares during the last quarter. Invesco Ltd. increased its stake in shares of Reinsurance Group of America by 34.4% in the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider’s stock worth $201,802,000 after acquiring an additional 241,669 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Reinsurance Group of America during the 4th quarter worth about $48,724,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research note on Monday, February 10th. UBS Group reiterated a “neutral” rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Evercore ISI reduced their price target on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $232.00 to $237.00 in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.15.

Reinsurance Group of America Stock Up 0.2 %

Shares of Reinsurance Group of America stock opened at $182.79 on Thursday. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The company has a 50 day moving average of $191.49 and a 200 day moving average of $209.87. The company has a market capitalization of $12.08 billion, a P/E ratio of 17.02 and a beta of 0.70. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is currently 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.