UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 35,245 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• UBS Asset Management increased its stake in Reinsurance Group of America by 13.8%, owning a total of 291,143 shares valued at approximately $57 million after purchasing an additional 35,245 shares.
• The company recently declared a dividend of $0.93 per share, up from the previous $0.89, with an annualized dividend yield of 1.9%.
• Reinsurance Group of America's latest earnings report shows $4.72 EPS, missing expectations, with a 14.8% increase in year-over-year revenue but a net margin of only 3.54%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,143 shares of the insurance provider's stock after purchasing an additional 35,245 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.44% of Reinsurance Group of America worth $57,326,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RGA. American Century Companies Inc. boosted its stake in shares of Reinsurance Group of America by 67.9% during 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 in the last quarter. GAMMA Investing LLC boosted its stake in Reinsurance Group of America by 54,931.6% during the first quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider's stock worth $93,512,000 after acquiring an additional 474,060 shares in the last quarter. Nuveen LLC bought a new stake in Reinsurance Group of America during the first quarter worth about $69,092,000. Tidal Investments LLC boosted its stake in Reinsurance Group of America by 6,944.4% during the fourth quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider's stock worth $60,963,000 after acquiring an additional 281,317 shares in the last quarter. Finally, Bahl & Gaynor Inc. bought a new stake in Reinsurance Group of America during the first quarter worth about $55,375,000. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $192.13 on Monday. The firm has a fifty day moving average price of $191.72 and a 200-day moving average price of $193.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market cap of $12.70 billion, a PE ratio of 16.68 and a beta of 0.59. 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 announced its quarterly earnings data 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 firm had revenue of $5.60 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $5.48 earnings per share. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Reinsurance Group of America's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio is currently 32.29%.

Analyst Upgrades and Downgrades

Several research firms recently commented on RGA. Raymond James Financial reissued a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley dropped their price objective on shares of 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. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.