Seeds Investor LLC Acquires 114 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Seeds Investor LLC raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,331 shares of the insurance provider’s stock after buying an additional 114 shares during the period. Seeds Investor LLC’s holdings in Reinsurance Group of America were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RGA. Spire Wealth Management lifted its position in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 57 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Reinsurance Group of America during the 4th quarter valued at $44,000. Versant Capital Management Inc boosted its position in Reinsurance Group of America by 38.1% during the 4th quarter. Versant Capital Management Inc now owns 290 shares of the insurance provider’s stock valued at $62,000 after buying an additional 80 shares during the period. Private Trust Co. NA grew its holdings in Reinsurance Group of America by 99.4% in the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at about $70,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Up 2.4 %

Shares of NYSE RGA opened at $177.76 on Monday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The firm has a 50-day moving average of $193.93 and a 200 day moving average of $210.49. The stock has a market cap of $11.74 billion, a P/E ratio of 16.55 and a beta of 0.70.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, sell-side 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. Shareholders of record on Tuesday, February 18th were issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.00%. The ex-dividend date was Tuesday, February 18th. Reinsurance Group of America’s dividend payout ratio (DPR) is 33.15%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Reinsurance Group of America from $264.00 to $246.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $245.00 price objective on shares of Reinsurance Group of America in a research report on Monday, February 10th. Evercore ISI decreased their target price on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Reinsurance Group of America from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.15.

Reinsurance Group of America Company 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.