Blair William & Co. IL Invests $337,000 in Reinsurance Group of America, Incorporated $RGA

Key Points

• Blair William & Co. IL made a significant investment of $337,000 in Reinsurance Group of America by acquiring 1,700 shares, signaling strong institutional interest in the stock.
• The company reported earnings of $4.72 per share, falling short of estimates of $5.58, and had quarterly revenue of $5.60 billion, which also missed the forecast of $5.70 billion.
• Reinsurance Group of America announced a **dividend increase** to $0.93 per share, representing a yield of **2.0%** and a dividend payout ratio of **32.29%.**

Blair William & Co. IL bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,700 shares of the insurance provider's stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $29,000 after purchasing an additional 92 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of 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 valued at $33,000 after purchasing an additional 121 shares during the period. TCTC Holdings LLC raised its holdings in shares of Reinsurance Group of America by 107.2% in the 1st 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 period. Finally, Headlands Technologies LLC raised its holdings in shares of Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 175 shares during the period. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $187.77 on Friday. 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 debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $12.41 billion, a P/E ratio of 16.30 and a beta of 0.60. The company's 50 day moving average price is $191.66 and its two-hundred day moving average price is $193.10.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share 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 company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $5.48 EPS. The business's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.93 dividend. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio (DPR) is 32.29%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several research analyst reports. Piper Sandler reissued an "overweight" rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Barclays reissued an "overweight" rating and issued a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. 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 report on Tuesday, July 8th. Finally, Wells Fargo & Company lowered their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $241.56.

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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