Massachusetts Financial Services Co. MA Boosts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Massachusetts Financial Services Co. MA raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,436,552 shares of the insurance provider’s stock after buying an additional 7,922 shares during the period. Massachusetts Financial Services Co. MA owned about 2.13% of Reinsurance Group of America worth $157,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RGA. Spire Wealth Management raised its stake in shares of Reinsurance Group of America by 321.7% during the fourth quarter. Spire Wealth Management now owns 253 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 193 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $28,000. First Horizon Advisors Inc. raised its stake in shares of Reinsurance Group of America by 367.8% during the third quarter. First Horizon Advisors Inc. now owns 421 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 331 shares during the last quarter. CWM LLC bought a new position in Reinsurance Group of America in the fourth quarter worth about $47,000. Finally, Point72 Hong Kong Ltd bought a new position in Reinsurance Group of America in the third quarter worth about $106,000. Institutional investors and hedge funds own 96.37% of the company’s stock.

In related news, Director Christine Rose Detrick sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $113.34, for a total value of $487,362.00. Following the sale, the director now owns 1,618 shares in the company, valued at $183,384.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.55% of the company’s stock.

NYSE:RGA opened at $117.91 on Friday. The company’s 50 day moving average price is $109.54 and its 200-day moving average price is $110.11. Reinsurance Group of America, Incorporated has a 52 week low of $94.32 and a 52 week high of $129.63. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.40. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 19.43 and a beta of 1.10.

Reinsurance Group of America (NYSE:RGAGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The insurance provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $1.02. Reinsurance Group of America had a net margin of 2.52% and a return on equity of 1.59%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company posted ($1.24) earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 9.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, May 16th. Reinsurance Group of America’s dividend payout ratio is currently 48.11%.

A number of research firms recently issued reports on RGA. TheStreet downgraded shares of Reinsurance Group of America from a “b-” rating to a “c” rating in a research note on Thursday, May 5th. Jefferies Financial Group assumed coverage on shares of Reinsurance Group of America in a research note on Tuesday, January 25th. They issued a “buy” rating and a $130.00 price target for the company. Zacks Investment Research upgraded shares of Reinsurance Group of America from a “strong sell” rating to a “hold” rating and set a $116.00 price objective on the stock in a report on Wednesday, April 6th. Wolfe Research assumed coverage on shares of Reinsurance Group of America in a report on Friday, January 21st. They issued an “underperform” rating and a $100.00 price objective on the stock. Finally, StockNews.com cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Reinsurance Group of America has an average rating of “Hold” and an average target price of $122.10.

Reinsurance Group of America Company Profile (Get Rating)

Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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