Impact Investors Inc Decreases Stake in Reinsurance Group of America, Incorporated $RGA

Impact Investors Inc decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 12.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,637 shares of the insurance provider’s stock after selling 780 shares during the period. Impact Investors Inc’s holdings in Reinsurance Group of America were worth $1,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Reinsurance Group of America by 38.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider’s stock valued at $1,729,000 after acquiring an additional 2,428 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Reinsurance Group of America by 13.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider’s stock valued at $768,000 after acquiring an additional 452 shares during the period. Golden State Wealth Management LLC grew its position in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 92 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Reinsurance Group of America by 1,265.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider’s stock valued at $1,290,000 after acquiring an additional 6,073 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Reinsurance Group of America by 7.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider’s stock worth $33,984,000 after buying an additional 12,217 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Up 1.8%

Shares of NYSE:RGA opened at $197.44 on Friday. The firm has a fifty day moving average price of $190.12 and a two-hundred day moving average price of $193.32. 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, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 17.14 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results 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 firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.48 earnings per share. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.93 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is 32.29%.

Wall Street Analyst Weigh In

Several research firms recently commented on RGA. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Wells Fargo & Company cut 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 report on Monday, August 4th. Morgan Stanley cut their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average price target of $241.50.

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.