Blue Trust Inc. Increases Position in Reinsurance Group of America, Incorporated $RGA

Blue Trust Inc. lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,426 shares of the insurance provider’s stock after purchasing an additional 442 shares during the period. Blue Trust Inc.’s holdings in Reinsurance Group of America were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Monument Capital Management increased its stake in shares of Reinsurance Group of America by 3.7% in the 2nd quarter. Monument Capital Management now owns 14,317 shares of the insurance provider’s stock valued at $2,840,000 after purchasing an additional 510 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $209,000. IFP Advisors Inc increased its stake in shares of Reinsurance Group of America by 93.9% in the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 138 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $202,000. Finally, Blair William & Co. IL purchased a new position in shares of Reinsurance Group of America in the 2nd quarter valued at about $337,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday. Morgan Stanley cut their price objective on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Barclays reiterated an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a research note on Wednesday. Wells Fargo & Company cut their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.56.

Reinsurance Group of America Trading Down 1.5%

Shares of Reinsurance Group of America stock opened at $191.79 on Friday. The stock has a market cap of $12.68 billion, a P/E ratio of 16.65 and a beta of 0.60. The stock’s 50 day simple moving average is $190.72 and its 200-day simple moving average is $193.28. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.93 dividend. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America’s payout ratio is currently 32.29%.

Reinsurance Group of America Company 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.