Bahl & Gaynor Inc. Takes $55.38 Million Position in Reinsurance Group of America, Incorporated $RGA

Key Points

• Bahl & Gaynor Inc. has acquired a new stake of 281,232 shares in Reinsurance Group of America, valued at approximately $55.4 million, representing 0.43% of the company's stock.
• Reinsurance Group of America reported a Q2 EPS of $4.72, missing the consensus estimate of $5.58, and had a revenue of $5.60 billion, lower than the anticipated $5.70 billion.
• The company announced an increase in its quarterly dividend to $0.93 per share, up from $0.89, reflecting a yield of 1.9% and a dividend payout ratio of 32.29%.

Bahl & Gaynor Inc. bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 281,232 shares of the insurance provider's stock, valued at approximately $55,375,000. Bahl & Gaynor Inc. owned about 0.43% of Reinsurance Group of America at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RGA. Walleye Capital LLC purchased a new stake in Reinsurance Group of America in the fourth quarter worth $205,000. Marshall Wace LLP bought a new position in shares of Reinsurance Group of America in the fourth quarter worth $3,712,000. Tower Research Capital LLC TRC boosted its holdings in shares of Reinsurance Group of America by 205.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,339 shares of the insurance provider's stock worth $1,141,000 after acquiring an additional 3,592 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Reinsurance Group of America by 351.3% in the fourth quarter. Hsbc Holdings PLC now owns 47,994 shares of the insurance provider's stock worth $10,239,000 after acquiring an additional 37,359 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Reinsurance Group of America in the fourth quarter worth $311,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RGA has been the subject of a number of analyst reports. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Wells Fargo & Company lowered their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Morgan Stanley decreased their price objective on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. lifted their price objective on 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $242.27.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded down $1.22 during mid-day trading on Thursday, hitting $192.80. The stock had a trading volume of 82,357 shares, compared to its average volume of 450,811. The firm's 50 day moving average is $192.58 and its 200 day moving average is $194.06. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The firm has a market capitalization of $12.74 billion, a P/E ratio of 16.74 and a beta of 0.61. 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 (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the company earned $5.48 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. On average, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 32.29%.

About Reinsurance Group of America

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.