Consolidated Planning Corp Makes New $737,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Consolidated Planning Corp purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,384 shares of the insurance provider’s stock, valued at approximately $737,000.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in Reinsurance Group of America in the 3rd quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Reinsurance Group of America in the first quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in Reinsurance Group of America in the second quarter valued at $28,000. Family Firm Inc. acquired a new stake in Reinsurance Group of America in the 2nd quarter worth about $29,000. Finally, LRI Investments LLC acquired a new stake in Reinsurance Group of America in the 1st quarter worth about $33,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This represents a 0.00 % decrease in their position. 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 company insiders.

Reinsurance Group of America Trading Down 3.2 %

RGA opened at $220.40 on Friday. The firm’s 50 day moving average is $215.96 and its 200-day moving average is $209.94. Reinsurance Group of America, Incorporated has a 52-week low of $154.79 and a 52-week high of $227.87. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $14.52 billion, a P/E ratio of 20.24 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 EPS for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.57 EPS. Analysts expect that Reinsurance Group of America, Incorporated will post 21.74 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is currently 32.69%.

Analyst Ratings Changes

RGA has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Raymond James increased their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods raised shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Citigroup increased their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $227.38.

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.