Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,954 shares of the insurance provider’s stock after purchasing an additional 1,745 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Reinsurance Group of America were worth $1,974,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Reinsurance Group of America by 51.7% in the first quarter. Farther Finance Advisors LLC now owns 1,311 shares of the insurance provider’s stock worth $260,000 after buying an additional 447 shares during the last quarter. GAMMA Investing LLC grew its holdings in Reinsurance Group of America by 179.5% during the 1st quarter. GAMMA Investing LLC now owns 2,412 shares of the insurance provider’s stock worth $475,000 after acquiring an additional 1,549 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Reinsurance Group of America in the 1st quarter worth about $415,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Reinsurance Group of America by 38.2% in 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 purchasing an additional 2,428 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Reinsurance Group of America by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 12,118 shares of the insurance provider’s stock worth $2,385,000 after purchasing an additional 205 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Down 2.2%

NYSE:RGA opened at $188.05 on Friday. The firm has a market capitalization of $12.43 billion, a P/E ratio of 16.32 and a beta of 0.60. The business has a 50 day simple moving average of $191.63 and a 200 day simple moving average of $193.17. 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 12-month low of $159.25 and a 12-month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The company 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 business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.48 earnings per share. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.93 dividend. This is a positive change 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 yield of 2.0%. Reinsurance Group of America’s payout ratio is currently 32.29%.

Wall Street Analyst Weigh In

RGA has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on 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. Barclays reiterated an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley reduced their price objective on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price 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. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.56.

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.