LS Investment Advisors LLC decreased its position in Reinsurance Group of America Inc (NYSE:RGA) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,431 shares of the insurance provider’s stock after selling 982 shares during the quarter. LS Investment Advisors LLC’s holdings in Reinsurance Group of America were worth $1,003,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in RGA. Toronto Dominion Bank lifted its holdings in shares of Reinsurance Group of America by 11.7% in the second quarter. Toronto Dominion Bank now owns 790 shares of the insurance provider’s stock valued at $101,000 after buying an additional 83 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at $113,000. Parkside Financial Bank & Trust lifted its holdings in shares of Reinsurance Group of America by 250.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock valued at $186,000 after buying an additional 854 shares during the period. Halsey Associates Inc. CT acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at $205,000. Finally, Foster & Motley Inc. acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 91.75% of the company’s stock.
Several analysts have recently weighed in on RGA shares. Goldman Sachs Group started coverage on Reinsurance Group of America in a report on Wednesday, October 18th. They issued a “buy” rating and a $153.00 price objective for the company. Zacks Investment Research raised Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $174.00 target price for the company in a report on Thursday, January 4th. Citigroup set a $171.00 target price on Reinsurance Group of America and gave the company a “buy” rating in a report on Tuesday, November 21st. Royal Bank of Canada set a $145.00 target price on Reinsurance Group of America and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Wells Fargo & Co reaffirmed a “hold” rating and set a $131.00 target price on shares of Reinsurance Group of America in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Reinsurance Group of America has an average rating of “Hold” and an average target price of $150.43.
Shares of Reinsurance Group of America Inc (RGA) opened at $150.23 on Wednesday. Reinsurance Group of America Inc has a fifty-two week low of $121.93 and a fifty-two week high of $165.12. The company has a market capitalization of $9,565.97, a price-to-earnings ratio of 13.68, a PEG ratio of 1.32 and a beta of 0.75. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.
Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Monday, January 29th. The insurance provider reported $2.60 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.24). Reinsurance Group of America had a net margin of 14.56% and a return on equity of 8.62%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the company earned $2.92 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. sell-side analysts anticipate that Reinsurance Group of America Inc will post 12.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, February 7th. Reinsurance Group of America’s dividend payout ratio is 7.22%.
About Reinsurance Group of America
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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