Reinsurance Group of America, Incorporated (NYSE:RGA) Holdings Cut by Thoroughbred Financial Services LLC

Key Points

• Thoroughbred Financial Services LLC significantly reduced its holdings in Reinsurance Group of America by 82.3%, now owning only 1,105 shares valued at $217,000 after selling 5,132 shares in the first quarter.
• The company reported earnings per share of $4.72 for the last quarter, missing analyst expectations of $5.58, while revenue reached $5.60 billion, slightly lower than the estimated $5.70 billion.
• Reinsurance Group of America recently declared a quarterly dividend of $0.93, raising it from the previous amount of $0.89, resulting in an annual yield of approximately 2.0%.

Thoroughbred Financial Services LLC lowered its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 82.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,105 shares of the insurance provider's stock after selling 5,132 shares during the period. Thoroughbred Financial Services LLC's holdings in Reinsurance Group of America were worth $217,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Reinsurance Group of America by 38.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider's stock valued at $1,729,000 after buying an additional 2,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Reinsurance Group of America by 13.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider's stock valued at $768,000 after buying an additional 452 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after buying an additional 92 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Reinsurance Group of America by 1,265.2% during the first quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider's stock valued at $1,290,000 after buying an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Reinsurance Group of America by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider's stock valued at $33,984,000 after buying an additional 12,217 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Price Performance

NYSE RGA opened at $182.03 on Friday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $12.03 billion, a PE ratio of 15.80 and a beta of 0.61. The company's 50 day simple moving average is $195.57 and its 200 day simple moving average is $197.58.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $5.48 EPS. As a group, equities research analysts forecast 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 will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a $0.93 dividend. This represents a $3.72 annualized dividend and a 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 32.29%.

Wall Street Analyst Weigh In

RGA has been the topic of a number of recent analyst reports. Raymond James Financial reaffirmed a "market perform" rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Morgan Stanley lifted their price target on Reinsurance Group of America from $209.00 to $210.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company lowered their price objective 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $243.64.

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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