Private Trust Co. NA Increases Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Private Trust Co. NA grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 99.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311 shares of the insurance provider’s stock after buying an additional 155 shares during the quarter. Private Trust Co. NA’s holdings in Reinsurance Group of America were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in Reinsurance Group of America by 12.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,488 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 161 shares during the period. QRG Capital Management Inc. raised its position in Reinsurance Group of America by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 4,124 shares of the insurance provider’s stock worth $881,000 after purchasing an additional 211 shares during the period. Versor Investments LP raised its position in Reinsurance Group of America by 79.1% in the 4th quarter. Versor Investments LP now owns 11,256 shares of the insurance provider’s stock worth $2,405,000 after purchasing an additional 4,972 shares during the period. Proficio Capital Partners LLC purchased a new stake in Reinsurance Group of America in the 4th quarter worth about $8,671,000. Finally, Oppenheimer Asset Management Inc. raised its position in Reinsurance Group of America by 1.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,214 shares of the insurance provider’s stock worth $6,668,000 after purchasing an additional 396 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 1.3 %

NYSE RGA opened at $195.59 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 52 week low of $178.75 and a 52 week high of $233.81. The stock has a market capitalization of $12.91 billion, a PE ratio of 18.21 and a beta of 0.93. The firm has a 50 day moving average of $213.39 and a two-hundred day moving average of $215.99.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s payout ratio is 33.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RGA shares. Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Barclays decreased their price target on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $263.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $229.62.

About Reinsurance Group of America

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.