Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by LSV Asset Management

Key Points

• LSV Asset Management has reduced its stake in Reinsurance Group of America (RGA) by 10.5%, now holding approximately $39.64 million in shares.
• Analysts have a consensus rating of "Moderate Buy" for RGA, with price targets notably raised by firms like JPMorgan to $264.00.
• Reinsurance Group of America has declared an increased quarterly dividend of $0.93 per share, up from $0.89, reflecting a 2.1% yield.

LSV Asset Management trimmed its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,336 shares of the insurance provider's stock after selling 23,564 shares during the period. LSV Asset Management owned approximately 0.30% of Reinsurance Group of America worth $39,643,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Reinsurance Group of America by 11.1% during the fourth quarter. FMR LLC now owns 5,640,788 shares of the insurance provider's stock valued at $1,205,042,000 after purchasing an additional 564,693 shares during the period. GAMMA Investing LLC lifted its holdings 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 buying an additional 474,060 shares during the period. Tidal Investments LLC raised its holdings in Reinsurance Group of America by 6,944.4% in the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after purchasing an additional 281,317 shares in the last quarter. Invesco Ltd. boosted its stake in 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 in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Reinsurance Group of America by 256.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider's stock valued at $64,240,000 after buying an additional 234,780 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Down 1.2%

Shares of Reinsurance Group of America stock traded down $2.21 during trading hours on Thursday, hitting $181.49. The company had a trading volume of 296,685 shares, compared to its average volume of 460,902. 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, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a market cap of $11.99 billion, a P/E ratio of 15.76 and a beta of 0.61. The company's 50-day moving average is $196.36 and its two-hundred day moving average is $197.96.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its quarterly 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). 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 for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 30.90%.

Analysts Set New Price Targets

RGA has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company decreased their price target on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a report on Monday. Keefe, Bruyette & Woods raised 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, Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average target price of $243.64.

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.