Reinsurance Group of America, Incorporated $RGA Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 486.7% in the 4th quarter, Holdings Channel reports. The firm owned 45,742 shares of the insurance provider’s stock after purchasing an additional 37,946 shares during the period. BNP Paribas Financial Markets’ holdings in Reinsurance Group of America were worth $9,307,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management acquired a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new position in Reinsurance Group of America in the 3rd quarter valued at approximately $38,000. Entrust Financial LLC purchased a new position in Reinsurance Group of America in the 4th quarter valued at approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Reinsurance Group of America by 632.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Transactions at Reinsurance Group of America

In related news, EVP John W. Hayden sold 414 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were 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. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald Herrmann sold 7,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the sale, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. This represents a 64.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RGA. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. Evercore reaffirmed an “outperform” rating and set a $267.00 price objective on shares of Reinsurance Group of America in a research report on Monday, May 18th. Finally, Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.25.

Reinsurance Group of America Price Performance

Shares of RGA opened at $201.02 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $13.17 billion, a PE ratio of 10.89 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $229.21. The firm has a fifty day moving average price of $207.80 and a 200 day moving average price of $205.19.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.66 earnings per share. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current 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 paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, May 19th. 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.