Fiduciary Family Office LLC Makes New $860,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Key Points

• Fiduciary Family Office LLC made a new investment of approximately $860,000 in Reinsurance Group of America, acquiring 4,369 shares during the 1st quarter.
• The dividend increased to $0.93 per share, representing a yield of 2.0%, with the ex-dividend date set for August 12th.
• Reinsurance Group of America reported higher revenue of $5.60 billion for the last quarter, despite a missed EPS estimate of $5.58, posting $4.72 instead.

Fiduciary Family Office LLC acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,369 shares of the insurance provider's stock, valued at approximately $860,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alpine Bank Wealth Management acquired a new position in Reinsurance Group of America in the 1st quarter worth about $28,000. Colonial Trust Co SC increased its holdings 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 acquiring an additional 57 shares during the last quarter. Golden State Wealth Management LLC increased its holdings 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 acquiring an additional 92 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Reinsurance Group of America by 224.1% during 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 during the last quarter. Finally, TCTC Holdings LLC increased its holdings in shares of Reinsurance Group of America by 107.2% during 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 during the last quarter. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $186.51 on Friday. The business has a 50 day simple moving average of $195.23 and a 200 day simple moving average of $197.32. 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 $12.33 billion, a PE ratio of 16.19 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.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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). The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. Reinsurance Group of America's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 EPS. On average, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.72 annualized dividend and a yield of 2.0%. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's payout ratio is presently 30.90%.

Wall Street Analyst Weigh In

RGA has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Wells Fargo & Company lowered 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. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. JPMorgan Chase & Co. raised their target price 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. Finally, Keefe, Bruyette & Woods raised their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $243.64.

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.

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