Entropy Technologies LP Acquires Shares of 13,687 Reinsurance Group of America, Incorporated (NYSE:RGA)

Key Points

• Entropy Technologies LP has acquired 13,687 shares of Reinsurance Group of America, valued at approximately $2.7 million, during the 1st quarter, indicating institutional interest in the stock.
• Reinsurance Group of America has reported quarterly earnings of $4.72 per share, missing estimates, with revenue of $5.60 billion, although it reflects a 14.8% year-over-year increase.
• The company has increased its quarterly dividend to $0.93 per share, representing a 2.0% yield and a dividend payout ratio of 32.29%.

Entropy Technologies LP bought a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,687 shares of the insurance provider's stock, valued at approximately $2,695,000.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC boosted its position in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares during the period. Alpine Bank Wealth Management purchased a new stake in Reinsurance Group of America during the 1st quarter valued at $28,000. Golden State Wealth Management LLC boosted its position in 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 buying an additional 92 shares during the period. TCTC Holdings LLC boosted its position in Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RGA shares. Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company dropped their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised 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 research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $243.64.

Reinsurance Group of America Stock Down 0.3%

NYSE RGA traded down $0.51 during trading hours on Friday, reaching $188.72. 59,968 shares of the company's stock traded hands, compared to its average volume of 458,764. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The firm has a market cap of $12.47 billion, a PE ratio of 16.38 and a beta of 0.61. The firm has a 50-day simple moving average of $194.07 and a 200 day simple moving average of $196.28. 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 (NYSE:RGA - Get Free Report) last issued its quarterly 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 business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The company's revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $5.48 earnings per share. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.93 per share. The ex-dividend date is 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 dividend payout ratio (DPR) is 32.29%.

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.