Reinsurance Group of America, Incorporated $RGA Shares Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its holdings in Reinsurance Group of America by 54.4% to 63,631 shares, worth approximately $12.53 million by the end of the most recent quarter.
• A significant majority of Reinsurance Group of America's stock, 95.11%, is currently owned by institutional investors and hedge funds.
• The company recently increased its quarterly dividend from $0.89 to $0.93 per share, representing an annualized dividend of $3.72 and a yield of 1.9%.

Graham Capital Management L.P. lifted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 54.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,631 shares of the insurance provider's stock after purchasing an additional 22,406 shares during the period. Graham Capital Management L.P. owned approximately 0.10% of Reinsurance Group of America worth $12,529,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Reinsurance Group of America in the first quarter worth approximately $28,000. Colonial Trust Co SC raised its position in 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 worth $29,000 after purchasing an additional 57 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after buying an additional 92 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after buying an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Reinsurance Group of America by 107.2% in the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after purchasing an additional 89 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of RGA stock traded down $4.27 during trading hours on Friday, reaching $193.33. The company's stock had a trading volume of 85,732 shares, compared to its average volume of 445,306. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 16.78 and a beta of 0.59. The firm's 50 day simple moving average is $192.36 and its 200-day simple moving average is $193.86. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion for 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 revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 EPS. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

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

Analyst Ratings Changes

RGA has been the subject of a number of research reports. Morgan Stanley lowered their target price on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. 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 on the stock in a report on Monday, August 4th. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.