Reinsurance Group of America, Incorporated $RGA Shares Purchased by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Reinsurance Group of America by 26.8%, acquiring an additional 8,607 shares to own a total of 40,730 shares, valued at approximately $8 million.
• Reinsurance Group of America announced a quarterly dividend of $0.93 per share, up from the previous $0.89, representing a dividend yield of 2.0%.
• Analysts have mixed ratings on the stock, with a consensus target price of $243.64 and a rating of "Moderate Buy," indicating varied expectations for its future performance.

Northwest & Ethical Investments L.P. raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 26.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,730 shares of the insurance provider's stock after purchasing an additional 8,607 shares during the period. Northwest & Ethical Investments L.P. owned 0.06% of Reinsurance Group of America worth $8,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of RGA. American Century Companies Inc. raised its position in shares of Reinsurance Group of America by 67.9% in the first quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider's stock valued at $297,699,000 after buying an additional 611,226 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 valued at $93,512,000 after buying an additional 474,060 shares during the last quarter. Nuveen LLC acquired a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $69,092,000. Tidal Investments LLC raised its position in shares of 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 valued at $60,963,000 after buying an additional 281,317 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Reinsurance Group of America by 256.7% in the first 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 during the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Analyst Upgrades and Downgrades

RGA has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of 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. Morgan Stanley cut 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 report on Monday, August 18th. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a Buy rating and four have assigned 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 an average price target of $242.27.

Reinsurance Group of America Trading Up 1.1%

Reinsurance Group of America stock traded up $2.1370 during trading on Friday, reaching $193.4870. The company had a trading volume of 284,380 shares, compared to its average volume of 543,410. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The stock's 50 day moving average price is $192.80 and its two-hundred day moving average price is $194.68. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.80 and a beta of 0.61. 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 (NYSE:RGA - Get Free Report) last announced 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). The business had revenue of $5.60 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. As a group, equities analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is 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.