Strengthening Families & Communities LLC Invests $36,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 163 shares of the insurance provider’s stock, valued at approximately $36,000.

Several other hedge funds have also recently modified their holdings of RGA. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Reinsurance Group of America by 50.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after acquiring an additional 2,524 shares during the last quarter. Covestor Ltd increased its stake in shares of Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 63 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Reinsurance Group of America by 4.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 41,936 shares of the insurance provider’s stock valued at $8,089,000 after purchasing an additional 1,701 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Reinsurance Group of America by 1.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 51,454 shares of the insurance provider’s stock valued at $9,919,000 after buying an additional 779 shares in the last quarter. Finally, Wellington Wealth Strategies LLC. bought a new position in Reinsurance Group of America in the 1st quarter worth approximately $236,000. Institutional investors own 95.11% of the company’s stock.

Insider Activity

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. This represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Stock Performance

Reinsurance Group of America stock opened at $231.72 on Tuesday. Reinsurance Group of America, Incorporated has a fifty-two week low of $157.45 and a fifty-two week high of $233.14. The firm’s fifty day moving average price is $217.33 and its 200-day moving average price is $211.96. The stock has a market cap of $15.26 billion, a P/E ratio of 21.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.57 EPS. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 21.93 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.54%. Reinsurance Group of America’s payout ratio is 32.69%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RGA. Raymond James boosted their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada increased their price objective on Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays decreased their price target on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Finally, Citigroup raised their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $227.38.

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.