Graham Capital Management L.P. Purchases 3,693 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Graham Capital Management L.P. grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,225 shares of the insurance provider’s stock after acquiring an additional 3,693 shares during the period. Graham Capital Management L.P. owned about 0.06% of Reinsurance Group of America worth $8,807,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RGA. Vanguard Group Inc. lifted its holdings in Reinsurance Group of America by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,213,971 shares of the insurance provider’s stock worth $1,541,121,000 after buying an additional 51,733 shares during the period. FMR LLC lifted its stake in Reinsurance Group of America by 11.1% in the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock worth $1,205,042,000 after acquiring an additional 564,693 shares during the period. WCM Investment Management LLC boosted its holdings in Reinsurance Group of America by 1.4% in the fourth quarter. WCM Investment Management LLC now owns 2,480,750 shares of the insurance provider’s stock valued at $526,911,000 after acquiring an additional 33,082 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Reinsurance Group of America by 389.4% in the fourth quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after acquiring an additional 893,537 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Reinsurance Group of America by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,113,872 shares of the insurance provider’s stock valued at $238,031,000 after purchasing an additional 4,106 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RGA. Keefe, Bruyette & Woods boosted their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley decreased their target price on Reinsurance Group of America from $245.00 to $233.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $245.00 price target on shares of Reinsurance Group of America in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $246.00 to $248.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.69.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $205.01 on Friday. The firm has a market cap of $13.55 billion, a P/E ratio of 19.09 and a beta of 0.57. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a quick ratio of 0.17, a current ratio of 0.15 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $189.13 and a 200 day moving average of $207.01.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the previous year, the business earned $6.02 earnings per share. The company’s revenue was down 17.0% on a year-over-year basis. As a group, research 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 declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be paid a $0.89 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.74%. Reinsurance Group of America’s dividend payout ratio is presently 30.04%.

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.