Oliver Luxxe Assets LLC Grows Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Oliver Luxxe Assets LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,791 shares of the insurance provider’s stock after purchasing an additional 104 shares during the period. Oliver Luxxe Assets LLC’s holdings in Reinsurance Group of America were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RGA. First Bank & Trust purchased a new position in shares of Reinsurance Group of America during the first quarter valued at $209,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Reinsurance Group of America by 13.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,394 shares of the insurance provider’s stock valued at $655,000 after buying an additional 392 shares during the period. Janiczek Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 40.8% during the first quarter. Janiczek Wealth Management LLC now owns 383 shares of the insurance provider’s stock valued at $74,000 after buying an additional 111 shares during the period. Benson Investment Management Company Inc. purchased a new position in shares of Reinsurance Group of America during the first quarter valued at $4,886,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Reinsurance Group of America during the first quarter valued at $225,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $205.03 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $213.21. The company has a market cap of $13.49 billion, a PE ratio of 15.93 and a beta of 0.92. The business has a 50-day simple moving average of $203.58 and a two-hundred day simple moving average of $185.03.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company posted $5.16 earnings per share. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 20.94 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is 26.42%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RGA shares. UBS Group raised their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Reinsurance Group of America in a research report on Friday, June 14th. Finally, Keefe, Bruyette & Woods raised their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Insider Buying and Selling

In related news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.37% of the company’s stock.

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.