Aspire Private Capital LLC Has $908,000 Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Aspire Private Capital LLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,609 shares of the insurance provider’s stock after buying an additional 626 shares during the quarter. Aspire Private Capital LLC’s holdings in Reinsurance Group of America were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in RGA. Alliancebernstein L.P. lifted its holdings in shares of Reinsurance Group of America by 389.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,123,022 shares of the insurance provider’s stock valued at $239,911,000 after buying an additional 893,537 shares during the last quarter. Norges Bank acquired a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $174,082,000. FMR LLC lifted its holdings in shares of Reinsurance Group of America by 11.1% during the 4th quarter. FMR LLC now owns 5,640,788 shares of the insurance provider’s stock valued at $1,205,042,000 after buying an additional 564,693 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Reinsurance Group of America by 54,931.6% during the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider’s stock valued at $93,512,000 after buying an additional 474,060 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider’s stock valued at $60,963,000 after buying an additional 281,317 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RGA shares. JPMorgan Chase & Co. upgraded Reinsurance Group of America from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $237.00 in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Raymond James Financial restated a “market perform” rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley set a $209.00 target price on Reinsurance Group of America and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, UBS Group restated a “neutral” rating and issued a $216.00 target price (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $228.85.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $196.00 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $197.46 and its two-hundred day moving average is $202.65. The company has a market cap of $12.95 billion, a P/E ratio of 16.54 and a beta of 0.63. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, topping the consensus estimate of $5.33 by $0.33. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.02 EPS. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 30.04%.

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.