Reinsurance Group of America, Incorporated $RGA Stake Reduced by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its holdings in Reinsurance Group of America (RGA) by 22.7% during the first quarter, now owning 11,000 shares worth approximately $2.17 million.
• Several hedge funds have increased their positions in RGA, including Cornerstone Planning Group LLC and Headlands Technologies LLC, growing their stakes by over 200% and 350% respectively in the same period.
• RGA recently paid a quarterly dividend of $0.93 per share, representing a yield of 1.9%, up from the previous dividend of $0.89.

Inspire Investing LLC cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 22.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,000 shares of the insurance provider's stock after selling 3,224 shares during the quarter. Inspire Investing LLC's holdings in Reinsurance Group of America were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGA. Strs Ohio purchased a new position in Reinsurance Group of America in the 1st quarter valued at about $2,202,000. Geneos Wealth Management Inc. lifted its stake in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Focus Partners Wealth boosted its holdings in Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider's stock valued at $527,000 after purchasing an additional 1,466 shares during the last quarter. Jane Street Group LLC grew its stake in Reinsurance Group of America by 939.8% during the 1st quarter. Jane Street Group LLC now owns 73,513 shares of the insurance provider's stock valued at $14,475,000 after purchasing an additional 66,443 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in Reinsurance Group of America by 110.7% during the 1st quarter. Bayforest Capital Ltd now owns 1,146 shares of the insurance provider's stock worth $226,000 after purchasing an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

RGA stock traded down $1.76 during trading on Wednesday, hitting $185.14. 735,883 shares of the company's stock traded hands, compared to its average volume of 448,979. 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 52 week low of $159.25 and a 52 week high of $233.81. The stock has a fifty day moving average price of $191.39 and a two-hundred day moving average price of $193.42. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 16.10 and a beta of 0.59.

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 analysts' consensus estimates 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 business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business posted $5.48 earnings per share. The company's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal 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 paid a $0.93 dividend. The ex-dividend date was Tuesday, August 12th. This is an increase 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 2.0%. Reinsurance Group of America's payout ratio is presently 32.29%.

Wall Street Analysts Forecast Growth

RGA has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on 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. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Morgan Stanley dropped 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 report on Monday, August 18th. Finally, Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.