Vest Financial LLC Purchases 4,699 Shares of Reinsurance Group of America, Incorporated $RGA

Vest Financial LLC grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 30.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,001 shares of the insurance provider’s stock after acquiring an additional 4,699 shares during the period. Vest Financial LLC’s holdings in Reinsurance Group of America were worth $3,967,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RGA. Farther Finance Advisors LLC raised its stake in shares of Reinsurance Group of America by 51.7% in the first quarter. Farther Finance Advisors LLC now owns 1,311 shares of the insurance provider’s stock valued at $260,000 after acquiring an additional 447 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Reinsurance Group of America by 179.5% in the first quarter. GAMMA Investing LLC now owns 2,412 shares of the insurance provider’s stock valued at $475,000 after acquiring an additional 1,549 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $415,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Reinsurance Group of America by 38.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider’s stock valued at $1,729,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Trust Point Inc. raised its stake in shares of Reinsurance Group of America by 5.4% in the first quarter. Trust Point Inc. now owns 1,219 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Barclays restated an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $241.56.

Reinsurance Group of America Price Performance

RGA opened at $194.40 on Tuesday. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The firm has a market capitalization of $12.85 billion, a PE ratio of 16.88 and a beta of 0.60. 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 fifty day moving average price of $191.07 and a two-hundred day moving average price of $193.21.

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 (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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm earned $5.48 EPS. Reinsurance Group of America’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share 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 issued a $0.93 dividend. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 32.29%.

About Reinsurance Group of America

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.