Willis Investment Counsel Increases Holdings in Reinsurance Group of America, Incorporated $RGA

Willis Investment Counsel boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,011 shares of the insurance provider’s stock after buying an additional 343 shares during the quarter. Willis Investment Counsel owned approximately 0.08% of Reinsurance Group of America worth $10,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Reinsurance Group of America by 67.9% in the 1st quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider’s stock worth $297,699,000 after acquiring an additional 611,226 shares during the last quarter. Nordea Investment Management AB raised its position in Reinsurance Group of America by 534.1% in the 2nd quarter. Nordea Investment Management AB now owns 570,386 shares of the insurance provider’s stock worth $112,828,000 after purchasing an additional 480,435 shares during the period. Nuveen LLC purchased a new position in Reinsurance Group of America in the 1st quarter worth $69,092,000. Bahl & Gaynor Inc. bought a new stake in Reinsurance Group of America in the first quarter worth $55,375,000. Finally, AQR Capital Management LLC boosted its position in Reinsurance Group of America by 66.5% during the first quarter. AQR Capital Management LLC now owns 616,946 shares of the insurance provider’s stock valued at $119,687,000 after buying an additional 246,361 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on RGA shares. Barclays reiterated an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley reduced their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Raymond James Financial downgraded Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Keefe, Bruyette & Woods cut their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Finally, Piper Sandler reiterated an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Seven investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.89.

Reinsurance Group of America Trading Down 1.7%

NYSE RGA opened at $184.70 on Friday. The firm has a market capitalization of $12.14 billion, a PE ratio of 16.03 and a beta of 0.62. The stock’s 50 day moving average is $189.67 and its 200 day moving average is $193.90. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

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

Reinsurance Group of America Announces Dividend

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

About Reinsurance Group of America

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.