Reinsurance Group of America, Incorporated $RGA Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 104.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,172 shares of the insurance provider’s stock after buying an additional 48,661 shares during the period. Quantinno Capital Management LP’s holdings in Reinsurance Group of America were worth $19,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. WCM Investment Management LLC lifted its stake in Reinsurance Group of America by 3.0% during the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after acquiring an additional 82,681 shares during the period. State Street Corp boosted its holdings in shares of Reinsurance Group of America by 2.8% in the 3rd quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock valued at $450,823,000 after acquiring an additional 64,296 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Reinsurance Group of America by 148.4% in the fourth quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock worth $336,137,000 after acquiring an additional 987,014 shares during the period. Geode Capital Management LLC increased its stake in shares of Reinsurance Group of America by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider’s stock worth $272,966,000 after acquiring an additional 12,682 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Reinsurance Group of America by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider’s stock worth $227,624,000 after acquiring an additional 15,372 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on Reinsurance Group of America from $270.00 to $286.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays boosted their price objective on Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Finally, Evercore restated an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.00.

Insider Activity

In related news, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the transaction, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. The trade was a 64.00% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $237.47 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The company has a 50 day moving average price of $219.32 and a 200-day moving average price of $212.11. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $245.00. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 12.86 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.66 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 26.84 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.