Assenagon Asset Management S.A. Takes $8.87 Million Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Assenagon Asset Management S.A. bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,516 shares of the insurance provider’s stock, valued at approximately $8,869,000. Assenagon Asset Management S.A. owned about 0.06% of Reinsurance Group of America as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new position in Reinsurance Group of America during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Reinsurance Group of America in the third quarter valued at about $34,000. Private Trust Co. NA lifted 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 worth $34,000 after acquiring an additional 120 shares during the period. Strengthening Families & Communities LLC bought a new position in Reinsurance Group of America during the 3rd quarter worth about $36,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.3 %

Shares of RGA opened at $223.16 on Monday. The company’s 50-day moving average price is $219.83 and its 200 day moving average price is $215.94. Reinsurance Group of America, Incorporated has a 12-month low of $163.81 and a 12-month high of $233.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.45. The firm has a market cap of $14.70 billion, a P/E ratio of 20.49 and a beta of 0.94.

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 for the quarter, compared to analyst estimates of $5.29 billion. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. Reinsurance Group of America’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.57 EPS. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 21.4 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.60%. Reinsurance Group of America’s payout ratio is currently 32.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RGA shares. Barclays cut their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Raymond James boosted 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. StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. TD Cowen began coverage on shares of Reinsurance Group of America in a report on Wednesday, October 9th. They issued a “hold” rating and a $235.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Reinsurance Group of America from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $228.31.

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.