Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 466.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 235,219 shares of the insurance provider’s stock after purchasing an additional 193,703 shares during the period. Assenagon Asset Management S.A. owned approximately 0.36% of Reinsurance Group of America worth $46,315,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in shares of Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares during the period. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Reinsurance Group of America by 78.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 136 shares in the last quarter. Private Trust Co. NA boosted its holdings in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock valued at $66,000 after acquiring an additional 155 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 1.8%

Reinsurance Group of America stock opened at $198.23 on Thursday. The stock has a market cap of $13.10 billion, a PE ratio of 18.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17. The stock’s fifty day moving average is $194.29 and its two-hundred day moving average is $204.22. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the company earned $6.02 EPS. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, May 13th. This represents a $3.56 annualized dividend and a dividend yield of 1.80%. Reinsurance Group of America’s dividend payout ratio is presently 30.04%.

Analyst Ratings Changes

RGA has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Reinsurance Group of America from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Evercore ISI reduced their target price on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the stock an “equal weight” rating in a research note on Monday, May 19th. UBS Group reaffirmed a “neutral” rating and set a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.85.

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.