Willis Investment Counsel Acquires 335 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Willis Investment Counsel increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 0.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,668 shares of the insurance provider’s stock after purchasing an additional 335 shares during the quarter. Willis Investment Counsel owned 0.08% of Reinsurance Group of America worth $10,567,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of RGA. Colonial Trust Co SC boosted its position in Reinsurance Group of America by 72.2% during the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 57 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Reinsurance Group of America by 78.2% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 136 shares during the last quarter. Private Trust Co. NA boosted its position in Reinsurance Group of America by 99.4% during the 4th quarter. Private Trust Co. NA now owns 311 shares of the insurance provider’s stock worth $66,000 after acquiring an additional 155 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $70,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Up 0.5%

Shares of Reinsurance Group of America stock opened at $199.34 on Friday. The business has a fifty day simple moving average of $194.92 and a two-hundred day simple moving average of $204.00. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 18.56 and a beta of 0.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.15 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, May 1st. The insurance provider reported $5.66 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.33. The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Reinsurance Group of America had a return on equity of 14.55% and a net margin of 3.24%. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $6.02 EPS. Research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, May 13th. Reinsurance Group of America’s payout ratio is 30.04%.

Analyst Ratings Changes

A number of equities analysts have weighed in on RGA shares. JPMorgan Chase & Co. raised Reinsurance Group of America from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $232.00 to $237.00 in a research report on Wednesday, April 2nd. Morgan Stanley set a $209.00 price target on Reinsurance Group of America and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Evercore ISI cut their price objective on Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Finally, UBS Group reissued a “neutral” rating and issued a $216.00 price objective (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.85.

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.