Zurcher Kantonalbank Zurich Cantonalbank Has $5.05 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 32.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,199 shares of the insurance provider’s stock after purchasing an additional 7,625 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Reinsurance Group of America were worth $5,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at approximately $2,993,000. Picton Mahoney Asset Management boosted its position in Reinsurance Group of America by 121.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 122,552 shares of the insurance provider’s stock worth $17,794,000 after buying an additional 67,318 shares during the period. International Assets Investment Management LLC boosted its position in Reinsurance Group of America by 16,078.1% during the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock worth $3,586,000 after buying an additional 22,027 shares during the period. Raymond James & Associates boosted its position in Reinsurance Group of America by 13.0% during the 4th quarter. Raymond James & Associates now owns 244,771 shares of the insurance provider’s stock worth $39,599,000 after buying an additional 28,193 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Reinsurance Group of America by 93.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,655 shares of the insurance provider’s stock worth $3,289,000 after buying an additional 10,968 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $186.52 on Monday. The firm has a market capitalization of $12.27 billion, a P/E ratio of 13.89 and a beta of 0.89. The company has a fifty day moving average of $182.34 and a 200-day moving average of $167.99. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. Reinsurance Group of America, Incorporated has a twelve month low of $133.13 and a twelve month high of $196.25.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. Reinsurance Group of America’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.82%. Reinsurance Group of America’s payout ratio is 25.32%.

Analyst Upgrades and Downgrades

RGA has been the topic of several recent research reports. Evercore ISI lifted 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 research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $212.00 target price on shares of Reinsurance Group of America in a research report on Friday, April 12th. Wells Fargo & Company boosted their price target on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley boosted their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.38.

Insider Transactions at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $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 in the last quarter. 1.37% 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.