Focus Partners Advisor Solutions LLC Makes New Investment in Reinsurance Group of America, Incorporated $RGA

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake in Reinsurance Group of America, purchasing 2,489 shares valued at approximately $490,000.
• Wall Street analysts have mixed outlooks on RGA, with seven analysts rating it as a "Buy" and a consensus target price of $242.27, while others have lowered their price targets.
• Reinsurance Group of America recently announced a dividend increase, raising its quarterly payment to $0.93, which corresponds to an annual yield of 1.9%.

Focus Partners Advisor Solutions LLC acquired 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 fund acquired 2,489 shares of the insurance provider's stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. WCM Investment Management LLC lifted its stake in shares of Reinsurance Group of America by 1.3% in the first quarter. WCM Investment Management LLC now owns 2,514,042 shares of the insurance provider's stock worth $492,400,000 after buying an additional 33,292 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Reinsurance Group of America by 67.9% in the first quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider's stock worth $297,699,000 after buying an additional 611,226 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Reinsurance Group of America by 17.4% in the first quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider's stock worth $182,909,000 after buying an additional 137,620 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Reinsurance Group of America by 2.6% in the first quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider's stock worth $141,134,000 after buying an additional 18,182 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Reinsurance Group of America by 1.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 652,642 shares of the insurance provider's stock worth $139,424,000 after buying an additional 8,161 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of RGA traded up $3.23 during trading hours on Thursday, hitting $194.85. The stock had a trading volume of 351,431 shares, compared to its average volume of 306,240. The company's fifty day moving average is $191.83 and its two-hundred day moving average is $193.70. 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, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.91 and a beta of 0.59.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted 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). 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 during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the company posted $5.48 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 12th. 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 currently 32.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RGA. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley cut their target price 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. Wells Fargo & Company cut their target price 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. Finally, 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. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $242.27.

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.