First Trust Advisors LP Has $83.72 Million Stock Position in Reinsurance Group of America, Incorporated $RGA

First Trust Advisors LP boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435,722 shares of the insurance provider’s stock after acquiring an additional 94,753 shares during the period. First Trust Advisors LP’s holdings in Reinsurance Group of America were worth $83,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGA. Goldman Sachs Group Inc. increased its position in shares of Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after buying an additional 67,880 shares during the period. Focus Partners Wealth lifted its holdings in Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock valued at $527,000 after buying an additional 1,466 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after buying an additional 58 shares during the period. AE Wealth Management LLC boosted its position in Reinsurance Group of America by 10.3% during the second quarter. AE Wealth Management LLC now owns 3,655 shares of the insurance provider’s stock valued at $725,000 after acquiring an additional 340 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Reinsurance Group of America by 13.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,183 shares of the insurance provider’s stock valued at $6,979,000 after acquiring an additional 4,061 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.3%

RGA opened at $206.53 on Tuesday. The company has a fifty day moving average price of $207.91 and a two-hundred day moving average price of $198.03. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $229.21. The company has a market cap of $13.54 billion, a P/E ratio of 11.64 and a beta of 0.50. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the prior year, the firm earned $4.99 EPS. The business’s revenue was up 26.6% on a year-over-year basis. Analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is presently 20.96%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGA. Morgan Stanley lifted their price objective on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company upped their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.75.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.