Reinsurance Group of America, Incorporated $RGA Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,714 shares of the insurance provider’s stock after selling 4,095 shares during the quarter. Leeward Investments LLC MA owned 0.11% of Reinsurance Group of America worth $14,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGA. Nordea Investment Management AB grew its stake in Reinsurance Group of America by 3.8% in the 4th quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock valued at $116,597,000 after acquiring an additional 20,722 shares during the period. ProShare Advisors LLC grew its stake in Reinsurance Group of America by 3.2% in the 3rd quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider’s stock valued at $34,999,000 after acquiring an additional 5,586 shares during the period. Y Intercept Hong Kong Ltd grew its stake in Reinsurance Group of America by 94.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider’s stock valued at $3,555,000 after acquiring an additional 8,971 shares during the period. Nuance Investments LLC grew its stake in Reinsurance Group of America by 30.6% in the 3rd quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider’s stock valued at $9,094,000 after acquiring an additional 11,095 shares during the period. Finally, Algebris UK Ltd. acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at $10,750,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 1.4%

Shares of RGA opened at $210.87 on Friday. Reinsurance Group of America, Incorporated has a 52-week low of $165.52 and a 52-week high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $207.03 and its two-hundred day moving average is $202.90. The stock has a market cap of $13.81 billion, a PE ratio of 11.42 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the company posted $5.66 EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Research analysts forecast that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, May 19th. Reinsurance Group of America’s payout ratio is currently 20.15%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group lifted their price target on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Barclays lifted their price target on shares of Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.00.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.