Creative Planning Has $2.26 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Creative Planning boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,370 shares of the insurance provider’s stock after buying an additional 314 shares during the quarter. Creative Planning’s holdings in Reinsurance Group of America were worth $2,259,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Willis Investment Counsel boosted its position in Reinsurance Group of America by 1.5% during the third quarter. Willis Investment Counsel now owns 51,807 shares of the insurance provider’s stock valued at $11,287,000 after purchasing an additional 754 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $25,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Reinsurance Group of America by 25.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,900 shares of the insurance provider’s stock valued at $4,333,000 after buying an additional 4,000 shares during the last quarter. CWM LLC lifted its position in shares of Reinsurance Group of America by 65.1% in the third quarter. CWM LLC now owns 2,244 shares of the insurance provider’s stock valued at $489,000 after buying an additional 885 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in shares of Reinsurance Group of America in the third quarter valued at approximately $235,000. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RGA shares. Jefferies Financial Group raised their price objective on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Barclays cut their price objective on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Morgan Stanley cut their price objective on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Wells Fargo & Company increased their target price on Reinsurance Group of America from $239.00 to $244.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.62.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $210.43 on Monday. The business’s 50 day moving average is $215.33 and its 200-day moving average is $208.21. Reinsurance Group of America, Incorporated has a 1-year low of $144.74 and a 1-year high of $227.87. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm has a market cap of $13.84 billion, a P/E ratio of 16.35 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the company earned $4.40 EPS. The company’s revenue was up 17.4% on a year-over-year basis. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 21.8 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,209 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the transaction, the executive vice president now owns 12,357 shares in the company, valued at $2,705,812.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal 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 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.