AIA Group Ltd Buys 8,282 Shares of Reinsurance Group of America, Incorporated $RGA

AIA Group Ltd lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 218.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,072 shares of the insurance provider’s stock after buying an additional 8,282 shares during the quarter. AIA Group Ltd’s holdings in Reinsurance Group of America were worth $2,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC boosted its holdings in Reinsurance Group of America by 3.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after purchasing an additional 54 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of Reinsurance Group of America by 1.3% in the third quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock valued at $819,000 after buying an additional 54 shares during the period. Bessemer Group Inc. boosted its stake in shares of Reinsurance Group of America by 1.0% in the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock valued at $1,110,000 after buying an additional 58 shares during the period. Xponance Inc. grew its position in Reinsurance Group of America by 0.8% during the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after buying an additional 58 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.3%

Shares of Reinsurance Group of America stock opened at $200.44 on Friday. The firm has a market capitalization of $13.14 billion, a PE ratio of 11.29 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. The firm’s 50 day moving average is $208.03 and its 200 day moving average is $198.56. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $229.21.

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 for the quarter, beating the consensus estimate of $5.86 by $1.89. The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.Reinsurance Group of America’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $4.99 EPS. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RGA. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Barclays set a $245.00 target price on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.57.

About Reinsurance Group of America

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.