Beverly Hills Private Wealth LLC Sells 224 Shares of Reinsurance Group of America, Incorporated $RGA

Beverly Hills Private Wealth LLC lessened its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,600 shares of the insurance provider’s stock after selling 224 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Reinsurance Group of America were worth $516,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cordatus Wealth Management LLC grew its holdings 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 worth $331,000 after acquiring an additional 50 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Reinsurance Group of America by 4.9% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock valued at $237,000 after purchasing an additional 56 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Reinsurance Group of America by 0.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider’s stock valued at $2,649,000 after purchasing an additional 60 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of Reinsurance Group of America by 32.4% during the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RGA. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday. JPMorgan Chase & Co. lifted 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 research note on Tuesday, July 8th. Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Barclays reissued an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average target price of $241.56.

Reinsurance Group of America Stock Up 0.3%

RGA opened at $188.37 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $191.70 and a 200-day moving average price of $193.21. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.35 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data 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 for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.48 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.0%. 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%.

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.