2,290 Shares in Reinsurance Group of America, Incorporated (NYSE:RGA) Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,290 shares of the insurance provider’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. purchased a new stake in shares of Reinsurance Group of America during the third quarter worth $25,000. Wolff Wiese Magana LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter worth about $34,000. Private Trust Co. NA increased its holdings in Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares during the period. Strengthening Families & Communities LLC acquired a new stake in Reinsurance Group of America in the 3rd quarter valued at about $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RGA shares. 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. Barclays dropped their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada lifted their price objective on shares of Reinsurance Group of America from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.31.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $208.71 on Friday. The stock’s 50-day moving average is $219.12 and its two-hundred day moving average is $217.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $165.38 and a 1 year high of $233.81. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 19.16 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, February 6th. The insurance provider reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.22 by ($0.23). Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. Analysts predict that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.89 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.71%. Reinsurance Group of America’s payout ratio is 32.69%.

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.