Jefferies Financial Group Inc. Has $263,000 Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Key Points

• Jefferies Financial Group Inc. has reduced its stake in Reinsurance Group of America by 74.5%, lowering its holdings to 1,337 shares valued at approximately $263,000.
• The company recently announced a dividend increase, raising its quarterly payout from $0.89 to $0.93 per share, with an annualized yield of 2.0%.
• Analysts have set the average price target for Reinsurance Group of America at $243.64, with a consensus rating of "Moderate Buy" based on various ratings from research firms.

Jefferies Financial Group Inc. lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 74.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,337 shares of the insurance provider's stock after selling 3,913 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Reinsurance Group of America were worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of RGA. GAMMA Investing LLC boosted its stake in Reinsurance Group of America by 54,931.6% in the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after purchasing an additional 474,060 shares in the last quarter. Tidal Investments LLC raised its position in shares of Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares during the last quarter. Invesco Ltd. raised its position in shares of Reinsurance Group of America by 34.4% during the fourth quarter. Invesco Ltd. now owns 944,635 shares of the insurance provider's stock worth $201,802,000 after acquiring an additional 241,669 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Reinsurance Group of America by 256.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider's stock worth $64,240,000 after acquiring an additional 234,780 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Reinsurance Group of America during the fourth quarter worth $48,724,000. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Up 2.5%

Shares of Reinsurance Group of America stock opened at $186.51 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The business has a 50-day moving average of $195.23 and a two-hundred day moving average of $197.32. The company has a market capitalization of $12.33 billion, a P/E ratio of 16.19 and a beta of 0.61. 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 (NYSE:RGA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.58 by ($0.86). The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.48 earnings per share. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be issued a dividend of $0.93 per share. The ex-dividend date is Tuesday, August 12th. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. Reinsurance Group of America's dividend payout ratio is 30.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Morgan Stanley boosted their target price on Reinsurance Group of America from $209.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods boosted their target price on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company dropped their price objective on 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average price target of $243.64.

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.

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