Applied Finance Capital Management LLC Takes Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Key Points

• Applied Finance Capital Management LLC invested approximately $324,000 by acquiring 1,643 shares of Reinsurance Group of America (RGA), highlighting growing interest in the company's stock.
• Analyst ratings for RGA are largely positive, with eight buy ratings and a consensus price target of $244.36, suggesting confidence in the stock's performance.
• RGA's recent earnings report indicated a decrease in revenue by 17% year-over-year, although earnings per share surpassed estimates at $5.66.

Applied Finance Capital Management LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,643 shares of the insurance provider's stock, valued at approximately $324,000.

A number of other hedge funds have also recently modified their holdings of RGA. Alpine Bank Wealth Management acquired a new stake in shares of Reinsurance Group of America in the first quarter valued at about $28,000. Colonial Trust Co SC raised its position in Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares during the last quarter. Golden State Wealth Management LLC raised its position in Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after acquiring an additional 121 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Reinsurance Group of America by 78.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider's stock worth $61,000 after buying an additional 136 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 1.1%

NYSE:RGA traded down $2.06 during trading hours on Wednesday, reaching $191.73. 77,704 shares of the stock were exchanged, compared to its average volume of 439,453. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The firm has a 50 day moving average of $198.16 and a 200 day moving average of $199.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $12.67 billion, a PE ratio of 16.18 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, May 1st. The insurance provider reported $5.66 EPS for the quarter, beating the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.74 billion. Reinsurance Group of America had a return on equity of 13.69% and a net margin of 3.77%. The business's quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the company earned $6.02 earnings per share. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RGA. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Wells Fargo & Company reiterated an "overweight" rating and set a $249.00 price objective (up from $248.00) on shares of Reinsurance Group of America in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. UBS Group reaffirmed a "neutral" rating and issued a $216.00 price target (down from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.36.

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.