Cambiar Investors LLC Sells 4,271 Shares of Reinsurance Group of America, Incorporated $RGA

Cambiar Investors LLC lessened its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.9% in the second quarter, Holdings Channel reports. The institutional investor owned 57,400 shares of the insurance provider’s stock after selling 4,271 shares during the period. Cambiar Investors LLC’s holdings in Reinsurance Group of America were worth $11,386,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. WCM Investment Management LLC raised its holdings in 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 buying an additional 125,937 shares during the last quarter. American Century Companies Inc. raised its holdings in 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 valued at $297,699,000 after buying an additional 611,226 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Reinsurance Group of America by 3.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider’s stock valued at $228,168,000 after buying an additional 35,781 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Reinsurance Group of America by 17.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider’s stock worth $182,909,000 after purchasing an additional 137,620 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Reinsurance Group of America by 2.6% during the 1st quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider’s stock worth $141,134,000 after purchasing an additional 18,182 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RGA shares. JPMorgan Chase & Co. raised their price target 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 lowered their price target 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. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Barclays restated an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target 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. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $241.56.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $183.02 on Friday. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 15.89 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. 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 50 day moving average of $191.44 and a 200-day moving average of $194.00.

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, topping the consensus estimate of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.13 EPS. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

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

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.