First Trust Advisors LP Acquires 23,105 Shares of Reinsurance Group of America, Incorporated $RGA

First Trust Advisors LP lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 479,000 shares of the insurance provider’s stock after buying an additional 23,105 shares during the period. First Trust Advisors LP’s holdings in Reinsurance Group of America were worth $97,793,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RGA. Activest Wealth Management bought a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $30,000. Tobam raised its position in Reinsurance Group of America by 244.7% during the 4th quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC bought a new position in Reinsurance Group of America during the 4th quarter worth about $35,000. Advisory Services Network LLC purchased a new position in Reinsurance Group of America during the third quarter valued at approximately $38,000. Finally, Entrust Financial LLC purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at $40,000. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on RGA shares. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Barclays boosted their target price on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. UBS Group lifted their price objective on shares of Reinsurance Group of America from $220.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $255.00.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total transaction of $88,989.30. Following the transaction, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president owned 3,938 shares in the company, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $238.93 on Friday. The company has a 50 day simple moving average of $216.78 and a two-hundred day simple moving average of $210.82. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 12.94 and a beta of 0.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 12 month low of $165.52 and a 12 month high of $245.00.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.94. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the firm earned $5.66 EPS. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 20.15%.

Reinsurance Group of America Profile

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.