Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,717 shares of the insurance provider’s stock after selling 1,108 shares during the period. Hantz Financial Services Inc.’s holdings in Reinsurance Group of America were worth $2,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LRI Investments LLC purchased a new stake in Reinsurance Group of America in the first quarter valued at approximately $33,000. Atria Investments Inc acquired a new position in Reinsurance Group of America during the 1st quarter worth about $2,660,000. Cetera Investment Advisers lifted its stake in Reinsurance Group of America by 123.2% during the 1st quarter. Cetera Investment Advisers now owns 16,091 shares of the insurance provider’s stock worth $3,103,000 after acquiring an additional 8,881 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Reinsurance Group of America by 85.2% during the 1st quarter. Cetera Advisors LLC now owns 4,147 shares of the insurance provider’s stock valued at $800,000 after acquiring an additional 1,908 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in Reinsurance Group of America by 5.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,089 shares of the insurance provider’s stock valued at $1,171,000 after acquiring an additional 292 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Reinsurance Group of America

In other news, EVP William L. Hutton sold 1,209 shares of Reinsurance Group of America stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $218.97, for a total value of $264,734.73. Following the sale, the executive vice president now owns 12,357 shares of the company’s stock, valued at $2,705,812.29. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RGA shares. TD Cowen initiated coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 price objective for the company. Raymond James upped their price objective on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their target price on Reinsurance Group of America from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods raised Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Barclays lifted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Three investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.77.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $228.40 on Friday. The company’s 50 day simple moving average is $220.25 and its 200-day simple moving average is $213.73. The firm has a market cap of $15.04 billion, a PE ratio of 20.97 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 12-month low of $157.48 and a 12-month high of $233.81. 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 (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the firm posted $5.57 EPS. Reinsurance Group of America’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, November 8th. Reinsurance Group of America’s dividend payout ratio is presently 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.