Alliancebernstein L.P. Has $239.91 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Alliancebernstein L.P. increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 389.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,123,022 shares of the insurance provider’s stock after purchasing an additional 893,537 shares during the period. Alliancebernstein L.P. owned approximately 1.71% of Reinsurance Group of America worth $239,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Reinsurance Group of America during the fourth quarter worth about $174,082,000. Raymond James Financial Inc. acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $48,724,000. JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 47.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock worth $79,512,000 after acquiring an additional 117,829 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Reinsurance Group of America by 234.7% in the fourth quarter. LPL Financial LLC now owns 108,229 shares of the insurance provider’s stock valued at $23,121,000 after purchasing an additional 75,891 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Reinsurance Group of America by 2,791.1% in the fourth quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock worth $14,502,000 after purchasing an additional 65,536 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA opened at $196.85 on Tuesday. The company’s 50-day moving average is $204.41 and its 200-day moving average is $213.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a market capitalization of $13.00 billion, a PE ratio of 18.33 and a beta of 0.91. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.84 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio is 33.15%.

Analyst Ratings Changes

A number of research firms recently weighed in on RGA. JPMorgan Chase & Co. raised their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Reinsurance Group of America in a research report on Monday, February 10th. Barclays reduced 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 report on Monday, January 6th. Wells Fargo & Company boosted their price target on Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley cut 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 report on Friday, February 14th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.85.

Reinsurance Group of America Company 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.