Leeward Investments LLC MA Sells 25,418 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Leeward Investments LLC MA decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 125,349 shares of the insurance provider’s stock after selling 25,418 shares during the quarter. Reinsurance Group of America comprises 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 29th biggest position. Leeward Investments LLC MA’s holdings in Reinsurance Group of America were worth $20,279,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RGA. Adage Capital Partners GP L.L.C. increased its stake in Reinsurance Group of America by 966.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 320,000 shares of the insurance provider’s stock worth $46,461,000 after acquiring an additional 290,000 shares during the last quarter. AQR Capital Management LLC increased its stake in Reinsurance Group of America by 33.5% in the 3rd quarter. AQR Capital Management LLC now owns 709,359 shares of the insurance provider’s stock worth $102,992,000 after acquiring an additional 177,812 shares during the last quarter. American Century Companies Inc. increased its position in shares of Reinsurance Group of America by 7.3% during the 3rd quarter. American Century Companies Inc. now owns 2,605,471 shares of the insurance provider’s stock valued at $378,288,000 after purchasing an additional 177,299 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Reinsurance Group of America by 63.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 347,114 shares of the insurance provider’s stock valued at $50,397,000 after purchasing an additional 134,997 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Reinsurance Group of America by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,350,810 shares of the insurance provider’s stock valued at $1,067,264,000 after purchasing an additional 110,877 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Insider Activity

In other news, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Todd C. Larson sold 2,966 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the sale, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock worth $1,162,239 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Down 1.2 %

Shares of RGA stock opened at $188.78 on Friday. The stock’s 50-day simple moving average is $184.46 and its 200-day simple moving average is $169.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $12.42 billion, a PE ratio of 14.06 and a beta of 0.89. Reinsurance Group of America, Incorporated has a fifty-two week low of $133.13 and a fifty-two week high of $196.25.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. Equities analysts expect that Reinsurance Group of America, Incorporated will post 19.41 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, February 27th. Stockholders of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.80%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RGA. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. UBS Group boosted their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Morgan Stanley boosted their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has an average rating of “Moderate Buy” and a consensus target price of $194.38.

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.