Livforsakringsbolaget Skandia Omsesidigt Has $9.24 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its holdings in Reinsurance Group of America by 134.2%, owning 46,600 shares valued at approximately $9.24 million by the end of the second quarter.
• Reinsurance Group of America reported a Q2 EPS of $4.72, missing estimates by $0.86, with revenues of $5.60 billion, which were 14.8% higher year-over-year.
• The company recently increased its quarterly dividend to $0.93 per share, yielding 2.0%, reflecting a positive change from its previous dividend of $0.89.

Livforsakringsbolaget Skandia Omsesidigt raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 134.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,600 shares of the insurance provider's stock after buying an additional 26,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.07% of Reinsurance Group of America worth $9,244,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RGA. Cordatus Wealth Management LLC lifted its position in shares of Reinsurance Group of America by 3.1% during the 1st quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider's stock worth $331,000 after buying an additional 50 shares during the last quarter. Journey Strategic Wealth LLC raised its position in Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider's stock valued at $237,000 after purchasing an additional 56 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 valued at $76,000 after purchasing an additional 58 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Reinsurance Group of America by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider's stock valued at $2,649,000 after purchasing an additional 60 shares during the last quarter. Finally, Trust Point Inc. raised its position in Reinsurance Group of America by 5.4% in the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider's stock valued at $240,000 after purchasing an additional 62 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RGA shares. Morgan Stanley dropped 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. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Wells Fargo & Company dropped 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 report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $242.27.

Reinsurance Group of America Trading Down 1.5%

Shares of RGA stock opened at $189.25 on Tuesday. The company has a market cap of $12.51 billion, a P/E ratio of 16.43 and a beta of 0.59. The stock has a 50 day simple moving average of $191.61 and a two-hundred day simple moving average of $193.46. 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, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate 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 company's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 EPS. Research 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.93 per share. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 12th. 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.

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