Reinsurance Group of America, Incorporated $RGA Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Reinsurance Group of America by 68.9%, selling 33,056 shares, leaving it with a total of 14,909 shares worth approximately $2.94 million.
• Reinsurance Group of America's most recent earnings report revealed EPS of $4.72, which was below analyst expectations by $0.86, despite a revenue increase of 14.8% year-over-year.
• The company announced a quarterly dividend increase from $0.89 to $0.93, reflecting a positive dividend payout ratio of 32.29%.

Candriam S.C.A. cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 68.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,909 shares of the insurance provider's stock after selling 33,056 shares during the quarter. Candriam S.C.A.'s holdings in Reinsurance Group of America were worth $2,936,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Cordatus Wealth Management LLC lifted its position in Reinsurance Group of America by 3.1% during the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider's stock worth $331,000 after buying an additional 50 shares during the period. Journey Strategic Wealth LLC grew its stake in Reinsurance Group of America by 4.9% during the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider's stock worth $237,000 after buying an additional 56 shares during the period. Colonial Trust Co SC raised its stake 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 during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Reinsurance Group of America by 0.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider's stock valued at $2,649,000 after acquiring an additional 60 shares in the last quarter. Finally, Trust Point Inc. lifted its holdings in shares of Reinsurance Group of America by 5.4% during the 1st quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock valued at $240,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of RGA stock traded down $0.87 on Thursday, hitting $193.15. 60,866 shares of the stock traded hands, compared to its average volume of 450,690. The company's fifty day moving average is $192.58 and its 200 day moving average is $194.06. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a market capitalization of $12.77 billion, a PE ratio of 16.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.48 EPS. On average, equities research 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 was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.9%. This is a positive change 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 currently 32.29%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley lowered their price target on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. upped their target price on 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. Wells Fargo & Company dropped their target price on 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. Keefe, Bruyette & Woods boosted their price target on 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. Finally, Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.