PharVision Advisers LLC Invests $370,000 in Reinsurance Group of America, Incorporated $RGA

Key Points

• PharVision Advisers LLC acquired a new stake of 1,880 shares in Reinsurance Group of America, valued at approximately $370,000, during the first quarter.
• Reinsurance Group of America reported EPS of $4.72 for the last quarter, which missed analysts' expectations, along with revenues of $5.60 billion, slightly lower than the anticipated $5.70 billion.
• The company also announced an increase in its quarterly dividend from $0.89 to $0.93, representing a 1.9% dividend yield.

PharVision Advisers LLC purchased a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,880 shares of the insurance provider's stock, valued at approximately $370,000.

Other hedge funds have also modified their holdings of the company. Colonial Trust Co SC boosted its stake in shares of Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America during the 1st quarter worth about $28,000. Golden State Wealth Management LLC boosted its stake in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after acquiring an additional 121 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RGA. Wells Fargo & Company lowered their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $242.27.

Reinsurance Group of America Price Performance

RGA stock traded up $0.75 during mid-day trading on Thursday, reaching $192.37. The company's stock had a trading volume of 122,169 shares, compared to its average volume of 445,176. The stock has a market cap of $12.71 billion, a PE ratio of 16.70 and a beta of 0.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The company's 50 day moving average is $191.89 and its two-hundred day moving average is $193.73.

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 analysts' consensus estimates of $5.58 by ($0.86). The business had revenue of $5.60 billion during 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 firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's payout ratio is currently 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.