GAMMA Investing LLC Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

GAMMA Investing LLC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 41.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 863 shares of the insurance provider’s stock after purchasing an additional 254 shares during the period. GAMMA Investing LLC’s holdings in Reinsurance Group of America were worth $184,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Resonant Capital Advisors LLC raised its stake in Reinsurance Group of America by 1.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 4,368 shares of the insurance provider’s stock worth $952,000 after acquiring an additional 53 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Reinsurance Group of America by 0.7% during the second quarter. GHP Investment Advisors Inc. now owns 9,462 shares of the insurance provider’s stock worth $1,942,000 after purchasing an additional 62 shares during the last quarter. Baron Wealth Management LLC increased its position in shares of Reinsurance Group of America by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider’s stock worth $324,000 after purchasing an additional 64 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Reinsurance Group of America by 3.0% in the 3rd quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider’s stock valued at $514,000 after purchasing an additional 69 shares during the last quarter. Finally, Mount Lucas Management LP boosted its position in shares of Reinsurance Group of America by 2.9% in the 3rd quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $221.82 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $219.44 and its two-hundred day moving average is $215.16. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 20.37 and a beta of 0.94. Reinsurance Group of America, Incorporated has a 12-month low of $163.81 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm 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 company posted $5.57 earnings per share. Reinsurance Group of America’s quarterly revenue was up 9.7% on a year-over-year basis. Research analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.69%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RGA shares. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price on the stock. Royal Bank of Canada increased their price target on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Raymond James upped their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.31.

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.