Livforsakringsbolaget Skandia Omsesidigt Purchases 4,300 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its position in Reinsurance Group of America by 21.6%, owning 24,200 shares worth approximately $4.8 million after buying additional shares.
• The company reported $4.72 earnings per share in its last quarter, missing expectations, but achieved a 14.8% increase in quarterly revenue year-over-year.
• Reinsurance Group of America recently increased its quarterly dividend to $0.93 per share, reflecting a modest annual yield of 2.0%.

Livforsakringsbolaget Skandia Omsesidigt raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 21.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,200 shares of the insurance provider's stock after purchasing an additional 4,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Reinsurance Group of America were worth $4,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Reinsurance Group of America by 54.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the insurance provider's stock valued at $2,682,000 after purchasing an additional 4,775 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Reinsurance Group of America by 4.3% during the 2nd quarter. Wedmont Private Capital now owns 2,218 shares of the insurance provider's stock valued at $433,000 after acquiring an additional 92 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Reinsurance Group of America by 50.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 3,631 shares of the insurance provider's stock valued at $720,000 after acquiring an additional 1,218 shares in the last quarter. Martin Capital Partners LLC raised its stake in shares of Reinsurance Group of America by 225.4% in the 2nd quarter. Martin Capital Partners LLC now owns 26,338 shares of the insurance provider's stock valued at $5,224,000 after acquiring an additional 18,243 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Reinsurance Group of America by 11.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,376 shares of the insurance provider's stock valued at $273,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Trading Up 0.2%

Shares of NYSE RGA traded up $0.47 during midday trading on Monday, hitting $187.03. The stock had a trading volume of 686,340 shares, compared to its average volume of 463,437. The company's 50-day simple moving average is $190.89 and its 200 day simple moving average is $193.24. The firm has a market cap of $12.36 billion, a P/E ratio of 16.23 and a beta of 0.59. 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 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 (NYSE:RGA - Get Free Report) last released its earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the business posted $5.48 earnings per share. The firm's quarterly revenue was up 14.8% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.93 per share. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised 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. Morgan Stanley cut their price objective on 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, Wells Fargo & Company cut their price objective on 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. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $242.27.

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.