Reinsurance Group of America, Incorporated $RGA Shares Sold by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC significantly reduced its stake in Reinsurance Group of America by 93.6%, holding only 162 shares after selling 2,382 shares.
• The company reported earnings per share (EPS) of $4.72 for the last quarter, missing estimates and reflecting a decline from $5.48 EPS in the previous year.
• Reinsurance Group of America recently declared a quarterly dividend of $0.93, a slight increase from the previous dividend of $0.89, resulting in an annualized yield of 1.9%.

V Square Quantitative Management LLC cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 93.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162 shares of the insurance provider's stock after selling 2,382 shares during the period. V Square Quantitative Management LLC's holdings in Reinsurance Group of America were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC raised its holdings in Reinsurance Group of America by 1.3% in the first quarter. WCM Investment Management LLC now owns 2,514,042 shares of the insurance provider's stock valued at $492,400,000 after acquiring an additional 33,292 shares in the last quarter. American Century Companies Inc. raised its holdings in Reinsurance Group of America by 67.9% in the first 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 in the last quarter. Alliancebernstein L.P. raised its holdings in Reinsurance Group of America by 3.2% in the first 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Reinsurance Group of America by 17.4% in the first 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in Reinsurance Group of America by 2.6% in the first 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 in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $194.03 on Friday. The firm has a 50-day moving average price of $190.10 and a 200 day moving average price of $193.27. The firm has a market capitalization of $12.82 billion, a PE ratio of 16.84 and a beta of 0.60. 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 52-week low of $159.25 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced 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 the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 EPS. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend 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 dividend payout ratio is currently 32.29%.

Analysts Set New Price Targets

Several research firms have weighed in on RGA. Wells Fargo & Company lowered their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of 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. Finally, Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and a consensus price target of $241.50.

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.

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