Los Angeles Capital Management LLC Decreases Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Los Angeles Capital Management LLC trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,336 shares of the insurance provider’s stock after selling 477 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Reinsurance Group of America were worth $4,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its holdings in Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Reinsurance Group of America by 4.3% in the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock worth $320,000 after buying an additional 82 shares during the last quarter. Lindbrook Capital LLC grew its position in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. Aspire Private Capital LLC increased its holdings in Reinsurance Group of America by 4.8% during the third quarter. Aspire Private Capital LLC now owns 2,246 shares of the insurance provider’s stock valued at $326,000 after buying an additional 103 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 114 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RGA. Wells Fargo & Company boosted their price objective on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $189.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $212.00 price objective on shares of Reinsurance Group of America in a research report on Friday, April 12th. Finally, Evercore ISI increased their target price on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Two 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.85.

Insider Transactions at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were 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 $2,341,183.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the transaction, the executive vice president now owns 13,625 shares in the company, valued at $2,341,183.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock valued at $1,162,239 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Trading Up 5.5 %

Reinsurance Group of America stock opened at $201.65 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a market cap of $13.27 billion, a P/E ratio of 15.67 and a beta of 0.88. The firm’s 50 day moving average price is $186.60 and its 200-day moving average price is $171.07. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $202.06.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $5.16 EPS. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Monday, May 13th. Reinsurance Group of America’s payout ratio is 26.42%.

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.