Vaughan Nelson Investment Management L.P. Sells 69,036 Shares of Reinsurance Group of America, Incorporated $RGA

Key Points

• Vaughan Nelson Investment Management L.P. has decreased its holdings in Reinsurance Group of America by 21.2%, selling 69,036 shares, and now owns approximately 0.39% of the company valued at $51 million.
• Reinsurance Group of America recently reported $4.72 earnings per share, which missed analysts' expectations of $5.58, reflecting a net margin of 3.54% for the quarter.
• The company has increased its quarterly dividend to $0.93, marking a rise from the previous $0.89, with a current dividend yield of 1.9%.

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 21.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 257,221 shares of the insurance provider's stock after selling 69,036 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.39% of Reinsurance Group of America worth $51,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its stake in shares of Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 121 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider's stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 175 shares in the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $197.44 on Friday. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 17.14 and a beta of 0.60. The company's 50 day moving average is $190.12 and its 200 day moving average is $193.32. 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 issued its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The business's quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company 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 is an increase from Reinsurance Group of America's previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America's dividend payout ratio is presently 32.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on RGA shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Reinsurance Group of America in a research note on Saturday, September 27th. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company cut 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 report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $241.50.

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.

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