Ieq Capital LLC Purchases 16,717 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Ieq Capital LLC increased its stake in Reinsurance Group of America, Incorporated by 400.1%, owning a total of 20,895 shares valued at approximately $4.11 million by the end of the first quarter.
• Reinsurance Group of America recently reported quarterly earnings with an EPS of $4.72, missing expectations of $5.58, while revenue increased 14.8% year-over-year.
• The company announced an increase in its quarterly dividend from $0.89 to $0.93 per share, now yielding 1.9%, with a payout ratio of 32.29%.

Ieq Capital LLC lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 400.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,895 shares of the insurance provider's stock after buying an additional 16,717 shares during the period. Ieq Capital LLC's holdings in Reinsurance Group of America were worth $4,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RGA. Colonial Trust Co SC raised its position in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America in the 1st quarter worth $28,000. Golden State Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after purchasing an additional 92 shares in the last quarter. TCTC Holdings LLC raised its holdings in Reinsurance Group of America by 107.2% in the 1st 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 period. Finally, Cornerstone Planning Group LLC increased its position in 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. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock traded up $1.01 during midday trading on Wednesday, reaching $195.72. 118,959 shares of the stock traded hands, compared to its average volume of 448,000. 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, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock's fifty day moving average is $192.37 and its 200-day moving average is $193.85. The stock has a market cap of $12.94 billion, a P/E ratio of 16.98 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 EPS 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 the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.48 earnings per share. As a group, equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS 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. Stockholders of record on Tuesday, August 12th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. This is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RGA. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley reduced 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 research note on Monday, August 18th. Keefe, Bruyette & Woods lifted their target price on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company dropped 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 report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average target price of $242.27.

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.