Jackson Creek Investment Advisors LLC Buys 192 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Jackson Creek Investment Advisors LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,973 shares of the insurance provider’s stock after acquiring an additional 192 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Reinsurance Group of America were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC boosted its stake in Reinsurance Group of America by 1,208.5% in the 3rd quarter. WCM Investment Management LLC now owns 2,447,668 shares of the insurance provider’s stock valued at $527,742,000 after purchasing an additional 2,260,605 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $48,724,000. JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 47.7% in the third quarter. JPMorgan Chase & Co. now owns 364,953 shares of the insurance provider’s stock valued at $79,512,000 after acquiring an additional 117,829 shares in the last quarter. CIBC Asset Management Inc increased its position in Reinsurance Group of America by 2,791.1% during the fourth quarter. CIBC Asset Management Inc now owns 67,884 shares of the insurance provider’s stock worth $14,502,000 after acquiring an additional 65,536 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Reinsurance Group of America in the 3rd quarter worth about $11,803,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.1 %

Shares of Reinsurance Group of America stock opened at $190.80 on Friday. The firm’s 50 day moving average is $212.57 and its 200 day moving average is $215.71. The firm has a market capitalization of $12.60 billion, a PE ratio of 17.77 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 1 year low of $178.84 and a 1 year high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.89 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.56 annualized dividend and a yield of 1.87%. Reinsurance Group of America’s dividend payout ratio is presently 33.15%.

Analyst Ratings Changes

Several brokerages have recently commented on RGA. Wells Fargo & Company raised their target price 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. Morgan Stanley lowered their price objective on 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. Barclays cut their target price on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $227.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.62.

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.