Reinsurance Group of America, Incorporated $RGA Shares Sold by LSV Asset Management

LSV Asset Management reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,004 shares of the insurance provider’s stock after selling 26,332 shares during the quarter. LSV Asset Management’s holdings in Reinsurance Group of America were worth $34,714,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RGA. Mount Lucas Management LP boosted its position in Reinsurance Group of America by 3.6% during the 1st quarter. Mount Lucas Management LP now owns 2,223 shares of the insurance provider’s stock worth $438,000 after purchasing an additional 77 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Reinsurance Group of America during the first quarter worth about $257,000. Journey Strategic Wealth LLC boosted its position in shares of Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock worth $237,000 after buying an additional 56 shares during the period. Cetera Investment Advisers grew its stake in shares of Reinsurance Group of America by 13.8% in the first quarter. Cetera Investment Advisers now owns 28,216 shares of the insurance provider’s stock valued at $5,556,000 after buying an additional 3,421 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Reinsurance Group of America by 5,744.8% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 36,121 shares of the insurance provider’s stock valued at $7,112,000 after buying an additional 35,503 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Morgan Stanley decreased their target price on shares of 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 reaffirmed an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Finally, Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus target price of $239.89.

Reinsurance Group of America Stock Up 1.5%

Reinsurance Group of America stock opened at $186.83 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a 50-day simple moving average of $189.95 and a 200-day simple moving average of $194.01. The firm has a market capitalization of $12.28 billion, a P/E ratio of 16.22 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating the consensus estimate of $5.80 by $0.57. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $6.13 EPS. As a group, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 10th. Reinsurance Group of America’s payout ratio is currently 28.62%.

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.