Liberty One Investment Management LLC Sells 111 Shares of Reinsurance Group of America, Incorporated $RGA

Liberty One Investment Management LLC lowered its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,996 shares of the insurance provider’s stock after selling 111 shares during the quarter. Liberty One Investment Management LLC’s holdings in Reinsurance Group of America were worth $594,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RGA. Alpine Bank Wealth Management bought a new position in Reinsurance Group of America during the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its position in Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after buying an additional 92 shares during the period. Cornerstone Planning Group LLC grew its position in Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after buying an additional 121 shares during the period. TCTC Holdings LLC grew its position in Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after buying an additional 89 shares during the period. Finally, Headlands Technologies LLC grew its position in Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after buying an additional 175 shares during the period. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday. 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 report on Monday, August 18th. JPMorgan Chase & Co. increased 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, 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 for the company in a research report on Monday, August 4th. Seven 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’s stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.56.

Reinsurance Group of America Trading Up 0.3%

Shares of Reinsurance Group of America stock opened at $188.37 on Tuesday. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 16.35 and a beta of 0.60. 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’s 50-day moving average price is $191.70 and its 200-day moving average price is $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 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 during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company posted $5.48 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. Reinsurance Group of America’s payout ratio is currently 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.