Reinsurance Group of America Inc (RGA) Position Raised by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan boosted its stake in Reinsurance Group of America Inc (NYSE:RGA) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,030 shares of the insurance provider’s stock after purchasing an additional 520 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Reinsurance Group of America were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in RGA. Captrust Financial Advisors purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $116,000. Focused Wealth Management Inc purchased a new position in shares of Reinsurance Group of America during the fourth quarter worth approximately $156,000. Synovus Financial Corp purchased a new position in shares of Reinsurance Group of America during the first quarter worth approximately $183,000. Parkside Financial Bank & Trust raised its stake in shares of Reinsurance Group of America by 250.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,195 shares of the insurance provider’s stock worth $186,000 after acquiring an additional 854 shares in the last quarter. Finally, Foster & Motley Inc. purchased a new position in shares of Reinsurance Group of America during the fourth quarter worth approximately $207,000. 93.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reinsurance Group of America stock opened at $150.31 on Friday. Reinsurance Group of America Inc has a 52-week low of $122.37 and a 52-week high of $165.12. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $9.72 billion, a PE ratio of 13.87, a PEG ratio of 1.45 and a beta of 0.75.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, April 26th. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.87). Reinsurance Group of America had a return on equity of 8.04% and a net margin of 14.01%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business earned $1.86 EPS. Reinsurance Group of America’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts predict that Reinsurance Group of America Inc will post 11.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, May 7th. Reinsurance Group of America’s dividend payout ratio (DPR) is 18.45%.

Several research analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Reinsurance Group of America in a research note on Wednesday, April 25th. They set a “neutral” rating and a $164.00 price target on the stock. Zacks Investment Research raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Monday, March 19th. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $138.00 to $135.00 and set an “underweight” rating on the stock in a research note on Thursday, April 5th. Wells Fargo & Co set a $165.00 price target on shares of Reinsurance Group of America and gave the stock a “hold” rating in a research note on Thursday, April 26th. Finally, UBS assumed coverage on shares of Reinsurance Group of America in a research note on Friday, March 2nd. They set a “neutral” rating and a $168.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $159.78.

In other news, EVP Timothy T. Matson bought 300 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were acquired at an average cost of $149.15 per share, with a total value of $44,745.00. Following the transaction, the executive vice president now owns 2,095 shares of the company’s stock, valued at approximately $312,469.25. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Neemeh sold 2,955 shares of the stock in a transaction on Monday, May 7th. The stock was sold at an average price of $153.66, for a total value of $454,065.30. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at $5,761,020.72. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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