Teza Capital Management LLC Has $202,000 Position in Reinsurance Group of America, Incorporated $RGA

Key Points

• Teza Capital Management LLC has reduced its holdings in Reinsurance Group of America by 57.9%, owning only 1,028 shares worth approximately $202,000 after selling 1,415 shares in the first quarter.
• Numerous hedge funds have increased their positions in Reinsurance Group of America, with Deutsche Bank AG raising their stake by 106.2%, indicating strong institutional interest in the company.
• Reinsurance Group of America announced a quarterly dividend of $0.93, reflecting a positive increase from the previous dividend and a yield of 1.9%, with a payout ratio of 32.29%.

Teza Capital Management LLC cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 57.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,028 shares of the insurance provider's stock after selling 1,415 shares during the quarter. Teza Capital Management LLC's holdings in Reinsurance Group of America were worth $202,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RGA. American Century Companies Inc. boosted its stake 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 purchasing an additional 611,226 shares during the period. GAMMA Investing LLC boosted its stake in Reinsurance Group of America by 54,931.6% in the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock valued at $93,512,000 after purchasing an additional 474,060 shares during the period. Nuveen LLC bought a new stake in Reinsurance Group of America in the 1st quarter valued at $69,092,000. Tidal Investments LLC boosted its stake in Reinsurance Group of America by 6,944.4% in the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock valued at $60,963,000 after purchasing an additional 281,317 shares during the period. Finally, Bahl & Gaynor Inc. bought a new stake in Reinsurance Group of America in the 1st quarter valued at $55,375,000. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded up $0.62 during trading on Monday, reaching $192.82. 54,337 shares of the company's stock were exchanged, compared to its average volume of 443,604. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $233.81. The company has a market cap of $12.74 billion, a P/E ratio of 16.73 and a beta of 0.59. The firm's 50-day moving average price is $191.72 and its 200 day moving average price is $193.56.

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 EPS for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm posted $5.48 EPS. Reinsurance Group of America's quarterly revenue was up 14.8% on a year-over-year basis. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently announced 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 boost from Reinsurance Group of America's previous quarterly dividend of $0.89. Reinsurance Group of America's payout ratio is currently 32.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on RGA shares. Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley cut their target price on Reinsurance Group of America from $210.00 to $195.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Reinsurance Group of America currently has an average rating of "Moderate Buy" and an average target price 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.