1,357 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Greenleaf Trust

Greenleaf Trust purchased a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,357 shares of the insurance provider’s stock, valued at approximately $220,000.

Other large investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its holdings in shares of Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 357 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $72,000. Finally, Signaturefd LLC boosted its holdings in shares of Reinsurance Group of America by 61.9% in the 3rd quarter. Signaturefd LLC now owns 701 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RGA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. UBS Group lifted their target price on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.38.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock valued at $1,162,239 in the last ninety days. Company insiders own 1.37% of the company’s stock.

Reinsurance Group of America Trading Up 0.5 %

NYSE RGA opened at $191.01 on Thursday. Reinsurance Group of America, Incorporated has a one year low of $133.13 and a one year high of $196.25. The company has a 50-day simple moving average of $183.66 and a 200-day simple moving average of $168.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $12.57 billion, a PE ratio of 14.22 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. Reinsurance Group of America’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s payout ratio is 25.32%.

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.