Fuller & Thaler Asset Management Inc. Purchases 610 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Fuller & Thaler Asset Management Inc. increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 47.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the insurance provider’s stock after acquiring an additional 610 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Reinsurance Group of America were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Reinsurance Group of America by 10.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 65,043 shares of the insurance provider’s stock worth $13,896,000 after acquiring an additional 6,339 shares during the period. Pinebridge Investments L.P. lifted its position in Reinsurance Group of America by 18.9% during the fourth quarter. Pinebridge Investments L.P. now owns 16,319 shares of the insurance provider’s stock valued at $3,486,000 after purchasing an additional 2,596 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Reinsurance Group of America during the fourth quarter valued at about $311,000. Hsbc Holdings PLC increased its position in Reinsurance Group of America by 351.3% in the fourth quarter. Hsbc Holdings PLC now owns 47,994 shares of the insurance provider’s stock worth $10,239,000 after buying an additional 37,359 shares in the last quarter. Finally, J. Safra Sarasin Holding AG raised its stake in shares of Reinsurance Group of America by 11.1% in the fourth quarter. J. Safra Sarasin Holding AG now owns 160,661 shares of the insurance provider’s stock worth $34,322,000 after buying an additional 16,043 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on 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. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Barclays cut their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley dropped their price objective on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $232.00 to $237.00 in a research note on Wednesday, April 2nd. Three 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 company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $230.15.

Reinsurance Group of America Trading Down 1.9 %

Shares of RGA opened at $187.99 on Friday. The stock has a market capitalization of $12.42 billion, a PE ratio of 17.50 and a beta of 0.70. The company’s fifty day moving average is $189.55 and its 200 day moving average is $208.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.15. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 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.