4,302 Shares in Reinsurance Group of America, Incorporated $RGA Bought by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new stake in Reinsurance Group of America, purchasing 4,302 shares valued at around $843,000 in the 1st quarter.
• Reinsurance Group of America recently announced a quarterly dividend increase from $0.89 to $0.93, resulting in an annualized dividend of $3.72 and a yield of 1.9%.
• Despite reporting lower than expected earnings of $4.72 per share, the company’s quarterly revenue increased by 14.8% year-over-year, totaling $5.60 billion.

United Services Automobile Association acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,302 shares of the insurance provider's stock, valued at approximately $843,000.

Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its position in shares of Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock worth $29,000 after acquiring an additional 92 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock worth $33,000 after acquiring an additional 121 shares during the period. TCTC Holdings LLC lifted its position in shares of Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock worth $34,000 after acquiring an additional 89 shares during the period. Finally, Headlands Technologies LLC lifted its position in shares of Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider's stock worth $44,000 after acquiring an additional 175 shares during the period. Institutional investors own 95.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on RGA shares. Wells Fargo & Company reduced their price objective 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. 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. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial reiterated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $242.27.

Reinsurance Group of America Price Performance

RGA traded down $2.56 during trading on Friday, hitting $192.13. The company's stock had a trading volume of 330,932 shares, compared to its average volume of 308,282. The firm's 50 day moving average price is $191.72 and its two-hundred day moving average price is $193.56. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 16.68 and a beta of 0.59. 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 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 released its earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $5.48 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders 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 of this dividend was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America's payout ratio is 32.29%.

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.