Dynamic Technology Lab Private Ltd Invests $620,000 in Reinsurance Group of America, Incorporated $RGA

Key Points

• Dynamic Technology Lab Private Ltd acquired 3,150 shares of Reinsurance Group of America, valued at approximately $620,000, marking the establishment of a new position in the company.
• Reinsurance Group of America reported earnings per share (EPS) of $4.72, missing estimates of $5.58, alongside a revenue of $5.60 billion, which was also below expectations.
• The company recently increased its quarterly dividend from $0.89 to $0.93 per share, resulting in an annualized basis dividend of $3.72 and a yield of 1.9%.

Dynamic Technology Lab Private Ltd purchased a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,150 shares of the insurance provider's stock, valued at approximately $620,000.

A number of other large investors have also recently made changes to their positions in RGA. Cordatus Wealth Management LLC raised its position in Reinsurance Group of America by 3.1% in the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider's stock worth $331,000 after acquiring an additional 50 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider's stock worth $237,000 after purchasing an additional 56 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Reinsurance Group of America by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider's stock worth $2,649,000 after purchasing an additional 60 shares in the last quarter. Trust Point Inc. increased its stake in shares of Reinsurance Group of America by 5.4% in the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock worth $240,000 after purchasing an additional 62 shares in the last quarter. Finally, Mount Lucas Management LP increased its stake in shares of Reinsurance Group of America by 3.6% in the first quarter. Mount Lucas Management LP now owns 2,223 shares of the insurance provider's stock worth $438,000 after purchasing an additional 77 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Down 1.3%

NYSE:RGA traded down $2.56 during midday trading on Friday, reaching $192.13. 330,932 shares of the stock traded hands, compared to its average volume of 309,763. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock has a market capitalization of $12.70 billion, a P/E ratio of 16.68 and a beta of 0.59. The company has a fifty day moving average of $191.72 and a 200 day moving average of $193.61.

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 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 company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company posted $5.48 earnings per share. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.93 dividend. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 32.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. 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 for the company in a research note on Monday, August 18th. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, 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 for the company in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.