Reinsurance Group of America, Incorporated $RGA Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its ownership in Reinsurance Group of America by 2.9%, acquiring 2,216 additional shares, bringing its total to 78,804 shares worth approximately $15.5 million.
• Several hedge funds have recently adjusted their stakes in Reinsurance Group of America, with institutions like Jane Street Group LLC significantly increasing their holdings by 939.8% during the first quarter.
• The company's quarterly earnings report indicated a missed EPS estimate of $5.58, posting only $4.72, despite a 14.8% year-over-year revenue increase of $5.60 billion.

Voya Investment Management LLC grew its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,804 shares of the insurance provider's stock after buying an additional 2,216 shares during the quarter. Voya Investment Management LLC owned 0.12% of Reinsurance Group of America worth $15,517,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $2,202,000. Geneos Wealth Management Inc. grew its stake in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Focus Partners Wealth grew its stake in Reinsurance Group of America by 121.2% during the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider's stock worth $527,000 after buying an additional 1,466 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Reinsurance Group of America by 939.8% in the 1st quarter. Jane Street Group LLC now owns 73,513 shares of the insurance provider's stock valued at $14,475,000 after purchasing an additional 66,443 shares in the last quarter. Finally, Bayforest Capital Ltd raised its holdings in Reinsurance Group of America by 110.7% in the 1st quarter. Bayforest Capital Ltd now owns 1,146 shares of the insurance provider's stock valued at $226,000 after buying an additional 602 shares during the last quarter. Institutional investors own 95.11% of the company's stock.

Reinsurance Group of America Stock Performance

RGA traded down $2.39 during trading on Friday, hitting $186.21. 1,400,839 shares of the stock were exchanged, compared to its average volume of 432,546. The stock has a fifty day moving average price of $190.89 and a two-hundred day moving average price of $193.25. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $12.31 billion, a P/E ratio of 16.16 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 issued its earnings results 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 for 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 firm's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 EPS. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given 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 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America's payout ratio is presently 32.29%.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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. upped their price target 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. Raymond James Financial restated a "market perform" rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Finally, Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.