PharVision Advisers LLC Acquires New Holdings 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 shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,880 shares of the insurance provider's stock, valued at approximately $370,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV raised its holdings in Reinsurance Group of America by 17.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,048 shares of the insurance provider's stock valued at $1,292,000 after acquiring an additional 893 shares during the period. Algert Global LLC increased its holdings in shares of Reinsurance Group of America by 150.6% during the fourth quarter. Algert Global LLC now owns 9,930 shares of the insurance provider's stock valued at $2,121,000 after acquiring an additional 5,968 shares in the last quarter. Cetera Investment Advisers boosted its stake in Reinsurance Group of America by 17.7% during the 4th quarter. Cetera Investment Advisers now owns 24,795 shares of the insurance provider's stock valued at $5,297,000 after purchasing an additional 3,721 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Reinsurance Group of America by 72.2% during the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 57 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Reinsurance Group of America by 106.2% during the fourth quarter. Deutsche Bank AG now owns 77,424 shares of the insurance provider's stock valued at $16,540,000 after buying an additional 39,876 shares during the period. Institutional investors and hedge funds own 95.11% of the company's stock.

Reinsurance Group of America Stock Down 0.7%

Shares of RGA traded down $1.43 during mid-day trading on Tuesday, reaching $190.79. 482,499 shares of the stock traded hands, compared to its average volume of 291,518. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 16.56 and a beta of 0.59. The stock has a fifty day simple moving average of $191.97 and a 200 day simple moving average of $193.74. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month 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 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 return on equity of 12.56% and a net margin of 3.54%.The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 EPS. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This is a positive change from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 32.29%.

Wall Street Analysts Forecast Growth

RGA has been the subject of several analyst reports. 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 report on Tuesday, July 8th. Morgan Stanley reduced their price objective 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 report on Monday, August 18th. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, Wells Fargo & Company cut their target price on Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $242.27.

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.