MML Investors Services LLC Purchases 15,943 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

MML Investors Services LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 91.7% in the 3rd quarter, Holdings Channel reports. The fund owned 33,321 shares of the insurance provider’s stock after purchasing an additional 15,943 shares during the quarter. MML Investors Services LLC’s holdings in Reinsurance Group of America were worth $7,260,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RGA. Armstrong Advisory Group Inc. acquired a new position in Reinsurance Group of America during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new position in Reinsurance Group of America during the second quarter worth about $28,000. Family Firm Inc. acquired a new stake in shares of Reinsurance Group of America in the second quarter valued at approximately $29,000. Wolff Wiese Magana LLC acquired a new stake in Reinsurance Group of America during the third quarter worth approximately $34,000. Finally, Private Trust Co. NA grew its holdings in shares of Reinsurance Group of America by 333.3% during the 3rd quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 120 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP William L. Hutton sold 1,209 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the transaction, the executive vice president now directly owns 12,357 shares in the company, valued at $2,705,812.29. The trade was a 8.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company’s stock.

Reinsurance Group of America Trading Down 0.1 %

NYSE RGA opened at $210.37 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. Reinsurance Group of America, Incorporated has a 52 week low of $157.48 and a 52 week high of $233.81. The business has a 50 day moving average price of $220.43 and a 200-day moving average price of $214.23. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 19.32 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.57 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 21.67 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, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.89 per share. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.69%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Analyst Ratings Changes

Several equities analysts have recently commented on RGA shares. Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reduced their price target on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Raymond James raised their target price on shares of Reinsurance Group of America from $228.00 to $250.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $220.00 to $222.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Reinsurance Group of America from $239.00 to $244.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.77.

About Reinsurance Group of America

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.