UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 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 increased its position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Dean Capital Management lifted its stake in Reinsurance Group of America by 2.2% during the 1st quarter. Dean Capital Management now owns 9,170 shares of the insurance provider's stock valued at $1,806,000 after acquiring an additional 201 shares in the last quarter. United Services Automobile Association bought a new position in Reinsurance Group of America during the 1st quarter valued at $843,000. Sciencast Management LP bought a new position in Reinsurance Group of America during the 1st quarter valued at $293,000. Goldman Sachs Group Inc. lifted its stake in Reinsurance Group of America by 44.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider's stock valued at $43,554,000 after acquiring an additional 67,880 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Reinsurance Group of America by 1,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,083 shares of the insurance provider's stock valued at $2,379,000 after acquiring an additional 11,383 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Stock Performance

RGA traded down $2.39 during trading hours on Friday, hitting $186.21. The stock had a trading volume of 1,400,839 shares, compared to its average volume of 432,546. The company's fifty day simple moving average is $190.89 and its 200 day simple moving average is $193.25. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The stock has a market cap of $12.31 billion, a PE ratio of 16.16 and a beta of 0.59. 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 (NYSE:RGA - Get Free Report) last posted its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.48 EPS. Equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.0%. 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 presently 32.29%.

Wall Street Analyst Weigh In

RGA has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley lowered their target price on 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. Finally, JPMorgan Chase & Co. lifted their target price on 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. Seven analysts have rated the stock with a Buy rating and four have issued 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 target price of $242.27.

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.