Campbell & CO Investment Adviser LLC Acquires Shares of 7,849 Reinsurance Group of America, Incorporated $RGA

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $1.55 million in Reinsurance Group of America during the first quarter by purchasing 7,849 shares of the company.
• Reinsurance Group of America recently declared a quarterly dividend of $0.93 per share, up from the previous $0.89, representing a 1.9% dividend yield.
• The company's stock is rated as a "Moderate Buy" with an average target price of $242.27, following several recent price target increases from various analysts.

Campbell & CO Investment Adviser LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,849 shares of the insurance provider's stock, valued at approximately $1,545,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America in the 1st quarter valued at about $28,000. Colonial Trust Co SC raised its holdings in shares of 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 valued at $29,000 after acquiring an additional 57 shares in the last quarter. 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 acquiring an additional 92 shares in the last quarter. 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 acquiring an additional 121 shares in the last quarter. Finally, 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 acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RGA. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company reduced their price objective on 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. Raymond James Financial reiterated 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 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, August 18th. Finally, Keefe, Bruyette & Woods increased 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 given a Hold rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target of $242.27.

Reinsurance Group of America Trading Down 0.3%

Shares of RGA stock traded down $0.61 during trading hours on Thursday, reaching $193.41. The company's stock had a trading volume of 270,765 shares, compared to its average volume of 533,347. The stock has a market capitalization of $12.78 billion, a P/E ratio of 16.79 and a beta of 0.61. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The firm's fifty day simple moving average is $192.54 and its 200 day simple moving average is $194.01. 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 issued its quarterly earnings data 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). The business 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 quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 earnings per share. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend 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%.

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.