2,442 Shares in Reinsurance Group of America, Incorporated $RGA Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,442 shares of the insurance provider’s stock, valued at approximately $497,000.

Several other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its holdings in Reinsurance Group of America by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock valued at $116,597,000 after acquiring an additional 20,722 shares during the period. ProShare Advisors LLC increased its stake in shares of Reinsurance Group of America by 3.2% in the third quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider’s stock worth $34,999,000 after purchasing an additional 5,586 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Reinsurance Group of America by 94.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 18,504 shares of the insurance provider’s stock worth $3,555,000 after purchasing an additional 8,971 shares during the period. Nuance Investments LLC lifted its position in shares of Reinsurance Group of America by 30.6% during the 3rd quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider’s stock worth $9,094,000 after purchasing an additional 11,095 shares during the last quarter. Finally, Algebris UK Ltd. acquired a new position in shares of Reinsurance Group of America during the 3rd quarter worth about $10,750,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock opened at $215.25 on Friday. The firm has a market cap of $14.10 billion, a P/E ratio of 11.66 and a beta of 0.50. The firm’s 50-day simple moving average is $207.52 and its 200-day simple moving average is $203.79. 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 debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during 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%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.66 earnings per share. As a group, research analysts expect that Reinsurance Group of America, Incorporated will post 26.54 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Insider Activity at Reinsurance Group of America

In related news, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 3,938 shares in the company, valued at $829,264.04. This trade represents a 64.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RGA has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on 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. Wells Fargo & Company upped their price target on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Wednesday, May 13th. UBS Group raised their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.25.

Reinsurance Group of America Company 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.