Massmutual Trust Co. FSB ADV Trims Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Massmutual Trust Co. FSB ADV decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,859 shares of the insurance provider’s stock after selling 182 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Reinsurance Group of America were worth $841,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KBC Group NV increased its position in shares of Reinsurance Group of America by 72.7% during the fourth quarter. KBC Group NV now owns 1,228 shares of the insurance provider’s stock valued at $199,000 after buying an additional 517 shares during the period. Pinebridge Investments L.P. grew its holdings in shares of Reinsurance Group of America by 10.3% during the 4th quarter. Pinebridge Investments L.P. now owns 7,122 shares of the insurance provider’s stock worth $1,152,000 after acquiring an additional 667 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Reinsurance Group of America by 1.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 350,915 shares of the insurance provider’s stock worth $56,771,000 after acquiring an additional 3,801 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Reinsurance Group of America by 1,124.1% in the 4th quarter. Quadrature Capital Ltd now owns 28,043 shares of the insurance provider’s stock valued at $4,536,000 after purchasing an additional 25,752 shares during the period. Finally, Natixis Investment Managers International lifted its stake in shares of Reinsurance Group of America by 1.7% in the 4th quarter. Natixis Investment Managers International now owns 6,515 shares of the insurance provider’s stock valued at $1,054,000 after purchasing an additional 110 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Raymond James boosted their price objective 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. Jefferies Financial Group lifted their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI boosted their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Finally, Citigroup lifted their price objective on Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $225.92.

Reinsurance Group of America Trading Up 2.4 %

Shares of NYSE:RGA opened at $219.83 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $140.75 and a 1 year high of $227.87. The company has a market cap of $14.46 billion, a P/E ratio of 17.08 and a beta of 0.91. The stock’s fifty day moving average price is $213.21 and its 200-day moving average price is $205.62.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.40 earnings per share. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.7 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.62%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s dividend payout ratio is presently 27.66%.

Insider Transactions at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at approximately $2,705,812.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.