Hancock Whitney Corp Has $16.26 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Key Points

• Hancock Whitney Corp increased its holdings in Reinsurance Group of America by 3.0% in the first quarter, owning 82,602 shares valued at $16.26 million.
• Analysts have a consensus rating of "Moderate Buy" on Reinsurance Group of America, with a target price of $242.27, although some firms have set higher expectations.
• The company recently increased its quarterly dividend to $0.93 per share, marking an annualized dividend of $3.72 and a yield of 1.9%.

Hancock Whitney Corp raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,602 shares of the insurance provider's stock after purchasing an additional 2,371 shares during the quarter. Hancock Whitney Corp owned 0.12% of Reinsurance Group of America worth $16,264,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RGA. Alpine Bank Wealth Management purchased a new position in shares of Reinsurance Group of America in the 1st quarter worth about $28,000. Colonial Trust Co SC increased its holdings in Reinsurance Group of America by 72.2% in the 4th 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. Golden State Wealth Management LLC lifted its stake 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 worth $29,000 after purchasing an additional 92 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after purchasing an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC boosted its position in shares of Reinsurance Group of America by 107.2% in the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after buying an additional 89 shares during the period. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 0.0%

Shares of NYSE:RGA traded up $0.08 during mid-day trading on Tuesday, hitting $192.30. The stock had a trading volume of 139,212 shares, compared to its average volume of 444,619. 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 quick ratio of 0.16 and a current ratio of 0.16. The company has a market cap of $12.71 billion, a PE ratio of 16.69 and a beta of 0.59. The company's 50 day moving average is $192.14 and its 200-day moving average is $193.77.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last released 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $5.48 EPS. On average, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were paid a $0.93 dividend. This is an increase 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 dividend on an annualized basis and a yield of 1.9%. Reinsurance Group of America's dividend payout ratio (DPR) is currently 32.29%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley reduced 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. Wells Fargo & Company decreased their price objective on shares of 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Finally, 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $242.27.

About Reinsurance Group of America

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.