Hsbc Holdings PLC Has $2.52 Million Position in Reinsurance Group of America, Incorporated $RGA

Key Points

• Hsbc Holdings PLC reduced its stake in Reinsurance Group of America by 73.2%, selling 35,137 shares and leaving it with 12,857 shares valued at approximately $2.52 million.
• Despite a decline in earnings per share (EPS) to $4.72 in its latest quarterly report, the company's revenue grew by 14.8% year-over-year, highlighting a solid revenue base.
• Reinsurance Group of America recently increased its quarterly dividend to $0.93 per share, reflecting a commitment to returning value to shareholders.

Hsbc Holdings PLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 73.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,857 shares of the insurance provider's stock after selling 35,137 shares during the quarter. Hsbc Holdings PLC's holdings in Reinsurance Group of America were worth $2,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in 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 valued at $141,134,000 after buying an additional 18,182 shares in the last quarter. Brooklyn Investment Group lifted its stake in Reinsurance Group of America by 419.8% in the first quarter. Brooklyn Investment Group now owns 577 shares of the insurance provider's stock valued at $114,000 after buying an additional 466 shares in the last quarter. Algert Global LLC lifted its stake in Reinsurance Group of America by 75.3% in the first quarter. Algert Global LLC now owns 17,410 shares of the insurance provider's stock valued at $3,428,000 after buying an additional 7,480 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its stake in Reinsurance Group of America by 26.8% in the first quarter. Northwest & Ethical Investments L.P. now owns 40,730 shares of the insurance provider's stock valued at $8,017,000 after buying an additional 8,607 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 valued at $297,699,000 after buying an additional 611,226 shares in the last quarter. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RGA shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley lowered their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company lowered 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $242.27.

Reinsurance Group of America Stock Down 0.0%

RGA traded down $0.08 during trading on Tuesday, reaching $194.71. 277,590 shares of the stock were exchanged, compared to its average volume of 387,506. The stock has a market cap of $12.87 billion, a P/E ratio of 16.90 and a beta of 0.59. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock's 50 day moving average price is $192.37 and its two-hundred day moving average price is $193.85. 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 (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.Reinsurance Group of America's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 earnings per share. Equities analysts expect 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. Investors of record on Tuesday, August 12th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, August 12th. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

Reinsurance Group of America 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.