Reinsurance Group of America, Incorporated $RGA Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,812 shares of the insurance provider’s stock after purchasing an additional 171 shares during the period. Tectonic Advisors LLC’s holdings in Reinsurance Group of America were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cordatus Wealth Management LLC lifted its position in Reinsurance Group of America by 3.1% in the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after acquiring an additional 50 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 56 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in 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 during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Reinsurance Group of America by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider’s stock valued at $2,649,000 after acquiring an additional 60 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its position in Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 60 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $191.79 on Friday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50-day simple moving average of $190.72 and a 200-day simple moving average of $193.34. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 16.65 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly 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). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm earned $5.48 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.29%.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of research reports. Morgan Stanley reduced 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 report on Monday, August 18th. Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday. JPMorgan Chase & Co. upped their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday. Finally, Wells Fargo & Company reduced 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.56.

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.