B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Reinsurance Group of America, Incorporated (NYSE:RGA)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,175 shares of the insurance provider’s stock, valued at approximately $11,803,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Reinsurance Group of America as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RGA. Armstrong Advisory Group Inc. bought a new position in Reinsurance Group of America in the third quarter worth about $25,000. New Covenant Trust Company N.A. bought a new position in Reinsurance Group of America in the first quarter worth about $28,000. International Assets Investment Management LLC bought a new position in Reinsurance Group of America in the second quarter worth about $28,000. Family Firm Inc. bought a new position in Reinsurance Group of America in the second quarter worth about $29,000. Finally, LRI Investments LLC bought a new position in Reinsurance Group of America in the first quarter worth about $33,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $231.72 on Tuesday. The business’s 50 day moving average price is $217.71 and its 200 day moving average price is $212.25. The firm has a market cap of $15.26 billion, a P/E ratio of 21.28 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 52 week low of $157.45 and a 52 week high of $233.14. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the firm posted $5.57 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be given a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 annualized dividend and a yield of 1.54%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods upgraded Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. TD Cowen initiated coverage on Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Citigroup boosted their price target on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.38.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.37% of the company’s stock.

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.