Aspire Private Capital LLC Has $380,000 Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

Aspire Private Capital LLC boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,351 shares of the insurance provider’s stock after purchasing an additional 105 shares during the period. Aspire Private Capital LLC’s holdings in Reinsurance Group of America were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Reinsurance Group of America by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock valued at $1,067,264,000 after purchasing an additional 110,877 shares in the last quarter. American Century Companies Inc. boosted its position in Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock worth $378,288,000 after buying an additional 177,299 shares during the period. Earnest Partners LLC boosted its position in Reinsurance Group of America by 2.7% during the 3rd quarter. Earnest Partners LLC now owns 2,371,076 shares of the insurance provider’s stock worth $344,257,000 after buying an additional 62,045 shares during the period. Bank of New York Mellon Corp boosted its position in Reinsurance Group of America by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider’s stock worth $133,288,000 after buying an additional 13,229 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Reinsurance Group of America by 33.5% during the 3rd quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider’s stock worth $102,992,000 after purchasing an additional 177,812 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RGA shares. Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Evercore ISI raised their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley raised their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.38.

Reinsurance Group of America Stock Up 0.9 %

RGA stock traded up $1.66 during midday trading on Tuesday, reaching $190.44. 43,036 shares of the company’s stock traded hands, compared to its average volume of 343,977. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 14.12 and a beta of 0.89. The firm’s fifty day moving average price is $182.75 and its 200-day moving average price is $168.32. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. Reinsurance Group of America, Incorporated has a 52 week low of $133.13 and a 52 week high of $196.25.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. Reinsurance Group of America’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.79%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock valued at $1,162,239 in the last three months. 1.37% of the stock is currently owned by insiders.

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.