Reinsurance Group of America, Incorporated $RGA Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 505,873 shares of the insurance provider’s stock after selling 20,943 shares during the period. Reinsurance Group of America comprises 1.5% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 14th biggest position. Douglas Lane & Associates LLC owned approximately 0.77% of Reinsurance Group of America worth $124,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. WCM Investment Management LLC increased its stake in Reinsurance Group of America by 3.0% in the first quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after purchasing an additional 82,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Reinsurance Group of America by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider’s stock worth $227,624,000 after purchasing an additional 15,372 shares during the period. Sei Investments Co. increased its stake in Reinsurance Group of America by 1.0% in the first quarter. Sei Investments Co. now owns 837,391 shares of the insurance provider’s stock valued at $170,960,000 after purchasing an additional 8,221 shares during the period. Polar Capital Holdings Plc raised its holdings in shares of Reinsurance Group of America by 0.3% in the fourth quarter. Polar Capital Holdings Plc now owns 578,425 shares of the insurance provider’s stock valued at $117,686,000 after buying an additional 1,834 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Reinsurance Group of America by 5.1% in the 1st quarter. First Trust Advisors LP now owns 479,000 shares of the insurance provider’s stock valued at $97,793,000 after acquiring an additional 23,105 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RGA. Barclays set a $292.00 price objective on shares of Reinsurance Group of America in a research note on Thursday. UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Morgan Stanley raised Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 price target on the stock in a research note on Monday, September 28th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $269.00 to $291.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, TD Cowen increased their price objective on Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.78.

Reinsurance Group of America Stock Down 0.3%

Reinsurance Group of America stock traded down $0.70 during midday trading on Friday, hitting $255.23. The stock had a trading volume of 142,084 shares, compared to its average volume of 367,637. Reinsurance Group of America, Incorporated has a 12 month low of $178.21 and a 12 month high of $258.53. The stock has a market cap of $16.67 billion, a P/E ratio of 11.20 and a beta of 0.45. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $246.58 and a 200 day moving average price of $225.53.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. The business had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.72 EPS. Research analysts predict that Reinsurance Group of America, Incorporated will post 29.71 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.98 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.93. This represents a $3.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 17.22%.

Insider Activity

In related news, EVP Jonathan Porter sold 8,589 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $246.30, for a total transaction of $2,115,470.70. Following the transaction, the executive vice president directly owned 14,885 shares of the company’s stock, valued at approximately $3,666,175.50. The trade was a 36.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company helps insurance organizations manage mortality, longevity, morbidity and other insurance risks by assuming portions of their business and providing capital, risk-management expertise and specialized underwriting support.

RGA offers traditional reinsurance and financial solutions for individual life insurance, group life and health coverage, retirement and annuity products, long-term care and disability insurance.