Measured Wealth Private Client Group LLC Buys 130 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Measured Wealth Private Client Group LLC lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,283 shares of the insurance provider’s stock after purchasing an additional 130 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Reinsurance Group of America were worth $826,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Reinsurance Group of America by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock worth $1,067,264,000 after acquiring an additional 110,877 shares in the last quarter. American Century Companies Inc. grew its holdings in Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after acquiring an additional 177,299 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Reinsurance Group of America by 2.7% during the third quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock valued at $344,257,000 after buying an additional 62,045 shares during the last quarter. Nuance Investments LLC lifted its position in shares of Reinsurance Group of America by 14.7% during the fourth quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock valued at $180,233,000 after buying an additional 142,627 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Reinsurance Group of America during the fourth quarter valued at about $122,301,000. 95.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of Reinsurance Group of America from $240.00 to $247.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley increased their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $195.00 to $208.00 and gave the company a “neutral” rating in a research report on Tuesday. Raymond James increased their price target on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research report on Friday, June 14th. Finally, UBS Group increased their price target on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.18.

Insider Transactions at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE:RGA traded up $0.78 during midday trading on Tuesday, hitting $205.82. The company’s stock had a trading volume of 308,948 shares, compared to its average volume of 351,181. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The firm’s 50 day moving average is $204.22 and its 200-day moving average is $185.67. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $13.54 billion, a P/E ratio of 15.99 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the company earned $5.16 EPS. Equities analysts anticipate that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a $0.85 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.40 annualized dividend and a yield of 1.65%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

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.