Versant Capital Management Inc Purchases 80 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Versant Capital Management Inc raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 38.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290 shares of the insurance provider’s stock after acquiring an additional 80 shares during the period. Versant Capital Management Inc’s holdings in Reinsurance Group of America were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Reinsurance Group of America in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC purchased a new stake in Reinsurance Group of America in the third quarter valued at about $34,000. Private Trust Co. NA raised its stake in Reinsurance Group of America by 333.3% in the third quarter. Private Trust Co. NA now owns 156 shares of the insurance provider’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in Reinsurance Group of America in the third quarter worth about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Reinsurance Group of America during the third quarter worth about $37,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 1.5 %

Shares of RGA stock opened at $218.67 on Monday. Reinsurance Group of America, Incorporated has a twelve month low of $162.88 and a twelve month high of $233.81. The stock has a market cap of $14.40 billion, a P/E ratio of 20.08 and a beta of 0.93. The stock has a 50 day moving average of $218.98 and a 200 day moving average of $214.88. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share for the quarter, beating the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a net margin of 3.32% and a return on equity of 15.01%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same period in the previous year, the firm earned $5.57 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 21.67 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.89 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.63%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of 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. TD Cowen initiated coverage on shares of Reinsurance Group of America in a research note on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective for the company. StockNews.com raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Raymond James lifted their price target on Reinsurance Group of America from $228.00 to $250.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Barclays increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $227.77.

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.