Integrated Investment Consultants LLC Purchases 77 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Integrated Investment Consultants LLC raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,349 shares of the insurance provider’s stock after acquiring an additional 77 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Reinsurance Group of America were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Armstrong Advisory Group Inc. bought a new position in Reinsurance Group of America in the third quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth about $34,000. Private Trust Co. NA grew its holdings in shares of Reinsurance Group of America by 333.3% in the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 120 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at about $36,000. Finally, Capital Performance Advisors LLP bought a new stake in Reinsurance Group of America during the third quarter worth about $37,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. TD Cowen began coverage on shares of Reinsurance Group of America in a research report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price target on the stock. Raymond James increased their price target on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, StockNews.com upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $228.31.

Reinsurance Group of America Stock Down 0.3 %

Shares of RGA opened at $223.16 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 12 month low of $163.81 and a 12 month high of $233.81. The firm’s 50 day moving average is $219.83 and its 200-day moving average is $215.79. The stock has a market capitalization of $14.70 billion, a PE ratio of 20.49 and a beta of 0.94.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.31 by $0.82. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. Reinsurance Group of America’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.57 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 21.4 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Reinsurance Group of America’s payout ratio is 32.69%.

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.