South Dakota Investment Council Has $23.93 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

South Dakota Investment Council raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 147,933 shares of the insurance provider’s stock after purchasing an additional 8,357 shares during the period. South Dakota Investment Council’s holdings in Reinsurance Group of America were worth $23,933,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RGA. Lindbrook Capital LLC raised its position in Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Covestor Ltd boosted its holdings in Reinsurance Group of America by 532.8% during the third quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Reinsurance Group of America in the 4th quarter valued at $72,000. 95.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RGA shares. Keefe, Bruyette & Woods increased their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Morgan Stanley boosted their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Two 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.38.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA traded up $1.26 on Tuesday, hitting $190.04. The company had a trading volume of 265,008 shares, compared to its average volume of 346,886. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 14.18 and a beta of 0.89. The stock has a 50 day moving average price of $182.75 and a 200 day moving average price of $168.32. Reinsurance Group of America, Incorporated has a 1-year low of $133.13 and a 1-year high of $196.25. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48.

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 for 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 prior year, the business earned $2.99 EPS. Analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Dividend Announcement

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

Insider Buying and Selling

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

Reinsurance Group of America 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.