Cwm LLC Has $2.44 Million Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Cwm LLC raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 67.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,281 shares of the insurance provider’s stock after buying an additional 4,944 shares during the quarter. Cwm LLC’s holdings in Reinsurance Group of America were worth $2,436,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cordatus Wealth Management LLC increased its stake in Reinsurance Group of America by 3.1% in the 1st quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after buying an additional 50 shares during the period. Journey Strategic Wealth LLC grew 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 worth $237,000 after acquiring an additional 56 shares in the last quarter. Geneos Wealth Management Inc. grew 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 worth $76,000 after acquiring an additional 58 shares in the last quarter. Oregon Public Employees Retirement Fund grew 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 worth $2,649,000 after acquiring an additional 60 shares in the last quarter. Finally, Oakworth Capital Inc. grew 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 worth $49,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE RGA opened at $187.77 on Friday. 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 company has a fifty day simple moving average of $191.66 and a 200 day simple moving average of $193.05. The company has a market cap of $12.41 billion, a P/E ratio of 16.30 and a beta of 0.60. 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) last posted its quarterly earnings data 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). The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.Reinsurance Group of America’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $5.48 earnings per share. On average, sell-side analysts predict 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 was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.93 dividend. This is a boost 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 dividend on an annualized basis and a yield of 2.0%. Reinsurance Group of America’s payout ratio is currently 32.29%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Barclays reissued an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.