Forum Financial Management LP Increases Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Forum Financial Management LP raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,991 shares of the insurance provider’s stock after buying an additional 155 shares during the quarter. Forum Financial Management LP’s holdings in Reinsurance Group of America were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RGA. WCM Investment Management LLC raised its position in shares of Reinsurance Group of America by 5.0% in the 2nd quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock valued at $521,343,000 after purchasing an additional 125,937 shares during the last quarter. American Century Companies Inc. increased its stake in Reinsurance Group of America by 67.9% during the 1st quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider’s stock valued at $297,699,000 after purchasing an additional 611,226 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Reinsurance Group of America by 3.2% in the first quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider’s stock worth $228,168,000 after buying an additional 35,781 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Reinsurance Group of America by 17.4% during the first quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider’s stock worth $182,909,000 after buying an additional 137,620 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Reinsurance Group of America by 2.6% during the first quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider’s stock valued at $141,134,000 after buying an additional 18,182 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 0.2%

Reinsurance Group of America stock opened at $189.46 on Friday. The business’s 50-day moving average price is $191.76 and its 200 day moving average price is $193.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 16.45 and a beta of 0.60. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations 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 company posted $5.48 EPS. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change 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 2.0%. Reinsurance Group of America’s dividend payout ratio is presently 32.29%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Saturday. Barclays reaffirmed an “overweight” rating and set a $246.00 target price on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, 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 note on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.56.

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.