Fiduciary Family Office LLC Sells 1,441 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Fiduciary Family Office LLC reduced its stake in Reinsurance Group of America by 33.0%, selling 1,441 shares during the second quarter, leaving it with 2,928 shares valued at $581,000.
• Reinsurance Group of America reported $4.72 EPS for the quarter, which missed the consensus estimate by ($0.86), and had revenue of $5.60 billion, below analyst expectations of $5.70 billion.
• The company announced an increase in its dividend from $0.89 to $0.93 per share, yielding about 2.0%, with a payout ratio of 32.29%.

Fiduciary Family Office LLC lowered its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 33.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,928 shares of the insurance provider's stock after selling 1,441 shares during the quarter. Fiduciary Family Office LLC's holdings in Reinsurance Group of America were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of RGA. Alpine Bank Wealth Management bought a new position in Reinsurance Group of America during the first quarter valued at about $28,000. 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. TCTC Holdings LLC raised its stake 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. Finally, Headlands Technologies LLC lifted its holdings in Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider's stock worth $44,000 after purchasing an additional 175 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Up 0.3%

Shares of RGA stock opened at $188.37 on Tuesday. The firm has a market capitalization of $12.45 billion, a P/E ratio of 16.35 and a beta of 0.60. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The firm's fifty day simple moving average is $191.70 and its 200 day simple moving average is $193.21. 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 posted its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (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 analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $5.48 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict 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 was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

Analyst Ratings Changes

Several equities analysts have commented on RGA shares. JPMorgan Chase & Co. increased 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. Morgan Stanley decreased 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 report on Monday, August 18th. Raymond James Financial lowered shares of Reinsurance Group of America from a "market perform" rating to an "underperform" rating in a research note on Friday. Weiss Ratings reissued a "hold (c+)" rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $241.56.

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.

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