Reinsurance Group of America, Incorporated $RGA Position Increased by WCM Investment Management LLC

Key Points

• WCM Investment Management LLC increased its stake in Reinsurance Group of America by 5.0% in Q2, now owning approximately 3.99% of the company valued at $521 million.
• Reinsurance Group of America reported a miss on earnings for the quarter, with EPS of $4.72 compared to an expected $5.58, while revenue increased by 14.8% year-over-year.
• The company announced a quarterly dividend increase to $0.93, with a current annualized yield of 1.9%, up from the previous quarter's dividend of $0.89.

WCM Investment Management LLC increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,639,979 shares of the insurance provider's stock after purchasing an additional 125,937 shares during the period. Reinsurance Group of America accounts for 1.2% of WCM Investment Management LLC's portfolio, making the stock its 29th largest position. WCM Investment Management LLC owned approximately 3.99% of Reinsurance Group of America worth $521,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in Reinsurance Group of America by 67.9% in the 1st quarter. American Century Companies Inc. now owns 1,511,927 shares of the insurance provider's stock valued at $297,699,000 after acquiring an additional 611,226 shares during the period. Alliancebernstein L.P. increased its position in Reinsurance Group of America by 3.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider's stock valued at $228,168,000 after acquiring an additional 35,781 shares during the period. Dimensional Fund Advisors LP increased its position in Reinsurance Group of America by 17.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider's stock valued at $182,909,000 after acquiring an additional 137,620 shares during the period. Northern Trust Corp increased its position in Reinsurance Group of America by 2.6% in the 1st quarter. Northern Trust Corp now owns 716,782 shares of the insurance provider's stock valued at $141,134,000 after acquiring an additional 18,182 shares during the period. Finally, AQR Capital Management LLC increased its position in Reinsurance Group of America by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 616,946 shares of the insurance provider's stock valued at $119,687,000 after acquiring an additional 246,361 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 2.5%

Shares of RGA stock opened at $192.05 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $12.69 billion, a PE ratio of 16.67 and a beta of 0.60. The business's fifty day moving average is $191.51 and its 200-day moving average is $193.23. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last issued its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The company 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 was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend 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 presently 32.29%.

Analysts Set New Price Targets

RGA has been the topic of several analyst reports. Barclays restated an "overweight" rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Wells Fargo & Company lowered 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. Piper Sandler reiterated an "overweight" rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on 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. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of "Moderate Buy" and an average price target of $241.56.

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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