International Assets Investment Management LLC Has $3.59 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

International Assets Investment Management LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16,078.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,164 shares of the insurance provider’s stock after acquiring an additional 22,027 shares during the quarter. International Assets Investment Management LLC’s holdings in Reinsurance Group of America were worth $3,586,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RGA. VisionPoint Advisory Group LLC lifted its stake in shares of Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Janiczek Wealth Management LLC lifted its stake in shares of Reinsurance Group of America by 8,400.0% during the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Reinsurance Group of America by 47.8% during the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 119 shares during the period. Harbour Investments Inc. lifted its stake in Reinsurance Group of America by 59.1% in the second quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider’s stock valued at $49,000 after buying an additional 130 shares during the period. Finally, Tyler Stone Wealth Management acquired a new position in Reinsurance Group of America in the second quarter valued at about $54,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company increased their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. UBS Group raised their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $194.38.

Reinsurance Group of America Stock Down 0.2 %

NYSE:RGA opened at $180.15 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $11.85 billion, a PE ratio of 13.41 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 52-week low of $133.13 and a 52-week high of $196.25. The stock has a 50-day simple moving average of $181.66 and a 200 day simple moving average of $167.23.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $2.99 earnings per share. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 19.46 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.89%. Reinsurance Group of America’s dividend payout ratio is 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders sold a total of 6,462 shares of company stock worth $1,162,239 over the last ninety days. 1.55% of the stock is currently owned by corporate insiders.

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.