Insigneo Advisory Services LLC Invests $431,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Insigneo Advisory Services LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) in the fourth quarter, Holdings Channel reports. The fund bought 2,017 shares of the insurance provider’s stock, valued at approximately $431,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Reinsurance Group of America by 5.5% in the third quarter. Barclays PLC now owns 102,790 shares of the insurance provider’s stock valued at $22,396,000 after acquiring an additional 5,398 shares in the last quarter. Invst LLC bought a new position in Reinsurance Group of America during the 3rd quarter valued at $229,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Reinsurance Group of America during the 3rd quarter valued at $293,000. Franklin Resources Inc. raised its stake in shares of Reinsurance Group of America by 7.9% in the 3rd quarter. Franklin Resources Inc. now owns 77,516 shares of the insurance provider’s stock worth $16,862,000 after buying an additional 5,699 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Reinsurance Group of America by 9.2% in the third quarter. Retirement Systems of Alabama now owns 161,301 shares of the insurance provider’s stock valued at $35,143,000 after buying an additional 13,596 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

RGA has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods cut their target price on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley reduced 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. UBS Group reiterated a “neutral” rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Trading Up 1.0 %

Shares of NYSE:RGA opened at $184.48 on Friday. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.19 billion, a P/E ratio of 17.18 and a beta of 0.70. The firm has a fifty day moving average of $191.17 and a two-hundred day moving average of $209.64.

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

Reinsurance Group of America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.93%. Reinsurance Group of America’s dividend payout ratio (DPR) 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.