Jefferies Financial Group Inc. Raises Stock Position in Reinsurance Group of America, Incorporated $RGA

Jefferies Financial Group Inc. raised its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 120.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,948 shares of the insurance provider’s stock after purchasing an additional 1,611 shares during the period. Jefferies Financial Group Inc.’s holdings in Reinsurance Group of America were worth $585,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RGA. Cetera Investment Advisers raised its position in shares of Reinsurance Group of America by 13.8% during the 1st quarter. Cetera Investment Advisers now owns 28,216 shares of the insurance provider’s stock worth $5,556,000 after purchasing an additional 3,421 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Reinsurance Group of America during the first quarter valued at approximately $2,317,000. Bayforest Capital Ltd raised its holdings in shares of Reinsurance Group of America by 110.7% during the first quarter. Bayforest Capital Ltd now owns 1,146 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 602 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Reinsurance Group of America by 9.6% in the first quarter. Natixis Advisors LLC now owns 221,757 shares of the insurance provider’s stock valued at $43,664,000 after acquiring an additional 19,408 shares in the last quarter. Finally, Cordatus Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 3.1% in the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock worth $331,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 0.5%

Shares of RGA opened at $190.89 on Friday. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.16. The firm has a market capitalization of $12.54 billion, a P/E ratio of 16.57 and a beta of 0.62. The firm has a 50-day moving average price of $189.73 and a 200 day moving average price of $193.51. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business posted $6.13 EPS. Reinsurance Group of America’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is presently 28.62%.

Analysts Set New Price Targets

Several brokerages recently commented on RGA. Keefe, Bruyette & Woods dropped their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company reduced their target price 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. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Finally, Barclays reissued an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on 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 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.