Arjuna Capital Cuts Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Arjuna Capital cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 52.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,819 shares of the insurance provider's stock after selling 7,607 shares during the period. Arjuna Capital's holdings in Reinsurance Group of America were worth $1,343,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management purchased a new position in Reinsurance Group of America in the first quarter valued at about $28,000. Colonial Trust Co SC grew its position in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Reinsurance Group of America by 164.3% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Cornerstone Planning Group LLC grew its position in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 121 shares during the last quarter. Finally, TCTC Holdings LLC grew its position in shares of Reinsurance Group of America by 107.2% in the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Down 1.3%

Shares of RGA opened at $194.19 on Friday. The firm has a market cap of $12.83 billion, a PE ratio of 16.39 and a beta of 0.62. The company's fifty day moving average is $200.46 and its two-hundred day moving average is $201.05. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two 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 0.50.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned $6.02 EPS. Reinsurance Group of America's revenue for the quarter was down 17.0% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America's dividend payout ratio is presently 30.04%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company increased their price target on shares of Reinsurance Group of America from $248.00 to $249.00 and gave the company an "overweight" rating in a research report on Thursday. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.92.

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.

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