Koshinski Asset Management Inc. Buys Shares of 1,058 Reinsurance Group of America, Incorporated (NYSE:RGA)

Koshinski Asset Management Inc. purchased a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,058 shares of the insurance provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $122,301,000. Junto Capital Management LP acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at $92,083,000. Balyasny Asset Management L.P. purchased a new stake in shares of Reinsurance Group of America in the 4th quarter valued at $67,177,000. Corient Private Wealth LLC boosted its holdings in Reinsurance Group of America by 1,965.4% during the 4th quarter. Corient Private Wealth LLC now owns 298,352 shares of the insurance provider’s stock valued at $48,267,000 after acquiring an additional 283,907 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in Reinsurance Group of America by 713.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 291,125 shares of the insurance provider’s stock worth $47,098,000 after purchasing an additional 255,326 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 0.4 %

RGA stock traded down $0.84 during midday trading on Friday, reaching $213.57. 33,805 shares of the company were exchanged, compared to its average volume of 353,183. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s 50-day simple moving average is $207.65 and its 200 day simple moving average is $189.35. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 16.66 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 1-year low of $135.07 and a 1-year high of $217.34.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the prior year, the firm earned $5.16 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 21.11 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid 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 1.59%. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

Insider Transactions at Reinsurance Group of America

In other news, EVP John W. Hayden sold 1,767 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the transaction, the executive vice president now directly owns 16,490 shares in the company, valued at $3,410,956.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Raymond James raised 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. UBS Group upped their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Evercore ISI upped their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.45.

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.