Bahl & Gaynor Inc. Acquires New Holdings in Reinsurance Group of America, Incorporated $RGA

Bahl & Gaynor Inc. acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 281,232 shares of the insurance provider’s stock, valued at approximately $55,375,000. Bahl & Gaynor Inc. owned approximately 0.43% of Reinsurance Group of America at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management bought a new stake in Reinsurance Group of America during the first quarter valued at about $28,000. Colonial Trust Co SC boosted its holdings in Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 57 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Reinsurance Group of America by 164.3% in the first 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 in the last quarter. Cornerstone Planning Group LLC boosted its holdings in Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 121 shares in the last quarter. Finally, TCTC Holdings LLC boosted its holdings in Reinsurance Group of America by 107.2% in the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.1%

Shares of RGA stock opened at $193.4870 on Friday. The stock has a 50 day moving average of $192.80 and a 200 day moving average of $194.68. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.79 billion, a P/E ratio of 16.80 and a beta of 0.61. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate 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 revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.48 earnings per share. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be given a dividend of $0.93 per share. 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 is Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James Financial reissued a “market perform” rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Wells Fargo & Company lowered their price target on 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. Morgan Stanley lowered their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. raised their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average 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.