Cambiar Investors LLC Sells 9,276 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Cambiar Investors LLC has sold 9,276 shares of Reinsurance Group of America, reducing its stake by 13.1% to hold approximately 0.09% of the company, valued at $12.14 million.
• Multiple institutional investors have increased their positions in Reinsurance Group of America, with ownership now reaching 95.11% of the company's stock.
• The company recently announced a dividend increase to $0.93 per share, representing a 2.0% yield and an annualized payout of $3.72.

Cambiar Investors LLC trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,671 shares of the insurance provider's stock after selling 9,276 shares during the quarter. Cambiar Investors LLC owned 0.09% of Reinsurance Group of America worth $12,143,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Colonial Trust Co SC raised its position in shares of Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after buying an additional 57 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its position in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after buying an additional 92 shares in the last quarter. TCTC Holdings LLC raised 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 purchasing an additional 89 shares during the period. Finally, Cornerstone Planning Group LLC raised 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 purchasing an additional 121 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 1.7%

RGA stock traded up $3.1650 during mid-day trading on Friday, reaching $194.5150. The company had a trading volume of 109,201 shares, compared to its average volume of 454,906. 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 company has a market capitalization of $12.86 billion, a PE ratio of 16.88 and a beta of 0.61. The firm has a 50 day moving average of $192.86 and a 200 day moving average of $194.91. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.Reinsurance Group of America's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 earnings per share. On average, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.93 per share. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, August 12th. Reinsurance Group of America's payout ratio is 32.29%.

Analysts Set New Price Targets

RGA has been the topic of a number of recent analyst reports. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Monday. Wells Fargo & Company reduced their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. increased 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 report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective 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. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Reinsurance Group of America has an average rating of "Moderate Buy" and an average target price of $242.27.

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.