American Trust Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

American Trust bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,516 shares of the insurance provider’s stock, valued at approximately $295,000.

A number of other institutional investors have also recently added to or reduced their stakes in RGA. FinTrust Capital Advisors LLC acquired a new stake in Reinsurance Group of America in the third quarter worth approximately $37,000. IFP Advisors Inc lifted its position in Reinsurance Group of America by 245.6% in the third quarter. IFP Advisors Inc now owns 356 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 253 shares during the period. Signaturefd LLC lifted its position in Reinsurance Group of America by 53.5% in the third quarter. Signaturefd LLC now owns 310 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 108 shares during the period. Parkside Financial Bank & Trust lifted its position in Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 119 shares during the period. Finally, Bessemer Group Inc. lifted its position in Reinsurance Group of America by 130.1% in the third quarter. Bessemer Group Inc. now owns 382 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 216 shares during the period. 96.46% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 5.2 %

NYSE RGA opened at $121.97 on Friday. Reinsurance Group of America, Incorporated has a 1-year low of $100.88 and a 1-year high of $153.35. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $8.15 billion, a PE ratio of 13.26 and a beta of 0.92. The firm’s fifty day simple moving average is $144.13 and its 200-day simple moving average is $139.18.

Reinsurance Group of America (NYSE:RGA – Get Rating) last posted its quarterly earnings results on Friday, February 3rd. The insurance provider reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.51 by ($0.52). Reinsurance Group of America had a return on equity of 16.86% and a net margin of 3.83%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted ($0.56) earnings per share. The company’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 15.8 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, February 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 34.78%.

Analyst Upgrades and Downgrades

RGA has been the topic of several research reports. Evercore ISI raised Reinsurance Group of America from an “in-line” rating to an “outperform” rating and upped their price target for the company from $148.00 to $167.00 in a report on Thursday, January 5th. The Goldman Sachs Group upped their price target on Reinsurance Group of America from $147.00 to $162.00 and gave the company a “buy” rating in a report on Monday, January 9th. Royal Bank of Canada raised Reinsurance Group of America from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $145.00 to $170.00 in a report on Tuesday, December 6th. StockNews.com raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Friday, March 10th. Finally, Morgan Stanley upped their price target on Reinsurance Group of America from $145.00 to $160.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $155.56.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Inc is a holding company, which engages in the provision of traditional and non-traditional life and health reinsurance products. It operates through the following segments: U.S. and Latin America, Canada, Europe, Middle East, and Africa, Asia Pacific, and Corporate and Other.