Reinsurance Group of America, Incorporated $RGA Stock Position Lifted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Reinsurance Group of America by 17.4% during the first quarter, owning 928,998 shares valued at approximately $182.91 million.
• Reinsurance Group of America reported quarterly earnings of $4.72 EPS, missing analysts' expectations by $0.86, with revenue of $5.60 billion, lower than the predicted $5.70 billion.
• The company has announced a quarterly dividend increase from $0.89 to $0.93, reflecting a yield of 2.0% and a payout ratio of 32.29%.

Dimensional Fund Advisors LP grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 17.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 928,998 shares of the insurance provider's stock after acquiring an additional 137,620 shares during the period. Dimensional Fund Advisors LP owned about 1.41% of Reinsurance Group of America worth $182,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RGA. GAMMA Investing LLC boosted its holdings in Reinsurance Group of America by 54,931.6% in the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock valued at $93,512,000 after purchasing an additional 474,060 shares during the last quarter. Nuveen LLC acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at approximately $69,092,000. Tidal Investments LLC boosted its stake in shares of Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after buying an additional 281,317 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Reinsurance Group of America by 256.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider's stock worth $64,240,000 after buying an additional 234,780 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Reinsurance Group of America by 466.6% in the first quarter. Assenagon Asset Management S.A. now owns 235,219 shares of the insurance provider's stock worth $46,315,000 after buying an additional 193,703 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Performance

RGA stock traded down $0.4680 during mid-day trading on Monday, reaching $193.1120. The company had a trading volume of 32,472 shares, compared to its average volume of 453,357. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The stock has a market capitalization of $12.76 billion, a P/E ratio of 16.75 and a beta of 0.61. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock's 50-day simple moving average is $192.80 and its two-hundred day simple moving average is $194.20.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings results 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 return on equity of 12.56% and a net margin of 3.54%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company posted $5.48 EPS. The firm's revenue was up 14.8% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.93 dividend. The ex-dividend date is Tuesday, August 12th. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America's dividend payout ratio (DPR) is 32.29%.

Analyst Ratings Changes

RGA has been the topic of a number of research analyst reports. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley decreased 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 research note on Monday, August 18th. Wells Fargo & Company lowered their price objective on 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. Finally, Keefe, Bruyette & Woods increased their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a 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, the company 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.