Cwm LLC Buys 4,944 Shares of Reinsurance Group of America, Incorporated $RGA

Cwm LLC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 67.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,281 shares of the insurance provider’s stock after purchasing an additional 4,944 shares during the period. Cwm LLC’s holdings in Reinsurance Group of America were worth $2,436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Cordatus Wealth Management LLC boosted its holdings in Reinsurance Group of America by 3.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 50 shares during the period. Journey Strategic Wealth LLC raised its stake in shares of Reinsurance Group of America by 4.9% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock valued at $237,000 after buying an additional 56 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Reinsurance Group of America by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider’s stock valued at $2,649,000 after buying an additional 60 shares in the last quarter. Finally, Oakworth Capital Inc. raised its stake in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after buying an additional 60 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Down 0.2%

Shares of Reinsurance Group of America stock opened at $187.77 on Friday. The stock has a market capitalization of $12.41 billion, a P/E ratio of 16.30 and a beta of 0.60. 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 company has a 50-day simple moving average of $191.66 and a 200 day simple moving average of $193.05. 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 announced 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 firm had revenue of $5.60 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $5.48 EPS. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.72 dividend on an annualized basis and a yield of 2.0%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. Reinsurance Group of America’s payout ratio is currently 32.29%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company dropped 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. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Finally, Barclays restated an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.56.

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.