B. Metzler seel. Sohn & Co. AG Has $14.88 Million Stake in Reinsurance Group of America, Incorporated $RGA

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Reinsurance Group of America by 19.4% in the first quarter, owning approximately $14.88 million worth of the company's stock.
• The company recently announced an increase in its quarterly dividend to $0.93, yielding 1.9%, up from $0.89.
• Reinsurance Group of America reported $4.72 EPS for the latest quarter, falling short of analysts' estimates, with revenue of $5.60 billion compared to expectations of $5.70 billion.

B. Metzler seel. Sohn & Co. AG increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 19.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 75,550 shares of the insurance provider's stock after purchasing an additional 12,300 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.11% of Reinsurance Group of America worth $14,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC boosted its stake in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after purchasing an additional 57 shares during the period. Alpine Bank Wealth Management purchased a new stake in Reinsurance Group of America in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its position in Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after buying an additional 92 shares in the last quarter. TCTC Holdings LLC lifted its position in Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after buying an additional 89 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in 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 buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 0.7%

Reinsurance Group of America stock opened at $192.40 on Wednesday. The company has a market capitalization of $12.72 billion, a P/E ratio of 16.70 and a beta of 0.61. The firm's fifty day simple moving average is $192.60 and its 200-day simple moving average is $194.06. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted 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). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. The business's quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 12th. 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 32.29%.

Analysts Set New Price Targets

RGA has been the subject of a number of research analyst reports. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company cut 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. JPMorgan Chase & Co. increased 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. Morgan Stanley cut their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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