Janiczek Wealth Management LLC Buys 111 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Janiczek Wealth Management LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 40.8% during the 1st quarter, HoldingsChannel reports. The fund owned 383 shares of the insurance provider’s stock after purchasing an additional 111 shares during the period. Janiczek Wealth Management LLC’s holdings in Reinsurance Group of America were worth $74,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGA. Hsbc Holdings PLC boosted its stake in Reinsurance Group of America by 39.2% during the third quarter. Hsbc Holdings PLC now owns 29,074 shares of the insurance provider’s stock worth $4,253,000 after buying an additional 8,184 shares during the period. LPL Financial LLC lifted its stake in Reinsurance Group of America by 4.4% in the third quarter. LPL Financial LLC now owns 25,037 shares of the insurance provider’s stock worth $3,635,000 after purchasing an additional 1,065 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Reinsurance Group of America by 5.2% in the third quarter. Treasurer of the State of North Carolina now owns 42,460 shares of the insurance provider’s stock worth $6,165,000 after buying an additional 2,087 shares during the period. Gotham Asset Management LLC purchased a new stake in Reinsurance Group of America in the third quarter worth $1,854,000. Finally, Quadrature Capital Ltd purchased a new position in Reinsurance Group of America in the 3rd quarter worth about $333,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.3 %

NYSE RGA traded down $0.61 on Thursday, hitting $204.33. The stock had a trading volume of 71,076 shares, compared to its average volume of 350,073. The business’s fifty day moving average price is $202.23 and its 200 day moving average price is $184.22. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 15.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $213.21.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.85 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.66%. Reinsurance Group of America’s payout ratio is currently 26.42%.

Analysts Set New Price Targets

Several research firms have issued reports on RGA. Raymond James boosted their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research report on Friday, June 14th. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. UBS Group lifted their target price on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley raised their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $213.36.

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is owned by corporate insiders.

About Reinsurance Group of America

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.