Reinsurance Group of America, Incorporated $RGA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,477 shares of the insurance provider’s stock after selling 85,012 shares during the period. Bank of New York Mellon Corp’s holdings in Reinsurance Group of America were worth $84,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGA. Activest Wealth Management acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $35,000. Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at about $38,000. Entrust Financial LLC acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Reinsurance Group of America by 632.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

RGA has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Evercore restated an “outperform” rating and set a $267.00 target price on shares of Reinsurance Group of America in a report on Monday, May 18th. Finally, Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. 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’s stock. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus target price of $251.25.

Insider Transactions at Reinsurance Group of America

In other news, EVP Ronald Herrmann sold 7,000 shares of Reinsurance Group of America stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president owned 20,949 shares of the company’s stock, valued at approximately $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE:RGA opened at $201.02 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $207.80 and a two-hundred day moving average price of $205.19. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $229.21. The company has a market capitalization of $13.17 billion, a P/E ratio of 10.89 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period last year, the firm posted $5.66 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America’s payout ratio is 20.15%.

Reinsurance Group of America Profile

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.