Dana Investment Advisors Inc. Has $1.90 Million Position in Reinsurance Group of America, Incorporated $RGA

Dana Investment Advisors Inc. cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 91.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,891 shares of the insurance provider’s stock after selling 100,130 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Reinsurance Group of America were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC increased its position in Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $33,000. LRI Investments LLC increased its holdings in Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after buying an additional 77 shares during the last quarter. Employees Retirement System of Texas bought a new position in Reinsurance Group of America during the second quarter valued at approximately $57,000. Finally, Avalon Trust Co acquired a new stake in Reinsurance Group of America in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on RGA shares. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the company an “overweight” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell 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 $245.88.

Reinsurance Group of America Stock Up 0.7%

NYSE RGA opened at $219.92 on Thursday. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $229.21. The stock has a market cap of $14.42 billion, a PE ratio of 12.39 and a beta of 0.53. The firm has a 50-day simple moving average of $206.84 and a 200 day simple moving average of $196.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the prior year, the firm posted $4.99 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.93 per share. The ex-dividend date is Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. Reinsurance Group of America’s payout ratio is currently 20.96%.

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.