1,947 Shares in Reinsurance Group of America, Incorporated $RGA Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. acquired a stake of 1,947 shares in Reinsurance Group of America (NYSE:RGA), valued at approximately $383,000.
• The company recently increased its quarterly dividend from $0.89 to $0.93, yielding an annualized dividend of $3.72.
• Despite a missed earnings estimate in the latest quarter, RGA reported a 14.8% year-over-year revenue increase, totaling $5.60 billion.

Advisors Asset Management Inc. bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,947 shares of the insurance provider's stock, valued at approximately $383,000.

A number of other hedge funds have also recently modified their holdings of RGA. Cordatus Wealth Management LLC lifted its stake in shares of Reinsurance Group of America by 3.1% in the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider's stock worth $331,000 after buying an additional 50 shares in the last quarter. Journey Strategic Wealth LLC lifted its stake in 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 worth $237,000 after purchasing an additional 56 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in 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 worth $2,649,000 after purchasing an additional 60 shares in the last quarter. Trust Point Inc. lifted its stake in Reinsurance Group of America by 5.4% in the 1st quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock worth $240,000 after purchasing an additional 62 shares in the last quarter. Finally, Mount Lucas Management LP lifted its stake in Reinsurance Group of America by 3.6% in the 1st quarter. Mount Lucas Management LP now owns 2,223 shares of the insurance provider's stock worth $438,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Down 0.6%

NYSE:RGA traded down $1.03 on Wednesday, reaching $185.87. The company's stock had a trading volume of 1,452,348 shares, compared to its average volume of 334,626. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 16.13 and a beta of 0.59. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The stock has a 50 day moving average price of $191.20 and a 200 day moving average price of $193.37. 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 - Get Free Report) last released 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 company had revenue of $5.60 billion during 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%. Reinsurance Group of America's revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm posted $5.48 earnings per share. On average, equities 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 was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.93 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RGA. Wells Fargo & Company reduced their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, Morgan Stanley reduced their target price on shares of 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. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $242.27.

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.