Aspire Private Capital LLC Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Aspire Private Capital LLC boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,983 shares of the insurance provider’s stock after purchasing an additional 209 shares during the quarter. Aspire Private Capital LLC’s holdings in Reinsurance Group of America were worth $851,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Earnest Partners LLC raised its position in shares of Reinsurance Group of America by 1.9% in the second quarter. Earnest Partners LLC now owns 2,628,129 shares of the insurance provider’s stock valued at $539,476,000 after buying an additional 50,228 shares during the last quarter. WCM Investment Management LLC grew its holdings in Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after buying an additional 2,260,605 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Reinsurance Group of America by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,766 shares of the insurance provider’s stock worth $241,849,000 after acquiring an additional 18,162 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its position in shares of Reinsurance Group of America by 681.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 507,840 shares of the insurance provider’s stock valued at $104,244,000 after acquiring an additional 442,883 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Reinsurance Group of America by 43.8% in the second quarter. Millennium Management LLC now owns 437,266 shares of the insurance provider’s stock valued at $89,758,000 after purchasing an additional 133,212 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $224.32 on Wednesday. Reinsurance Group of America, Incorporated has a 1 year low of $163.81 and a 1 year high of $233.81. The company’s 50 day simple moving average is $219.73 and its 200 day simple moving average is $216.07. The stock has a market capitalization of $14.77 billion, a PE ratio of 20.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results 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 company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the firm posted $5.57 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $228.31.

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.