Sequoia Financial Advisors LLC Takes $388,000 Position in Reinsurance Group of America, Incorporated $RGA

Sequoia Financial Advisors LLC acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,958 shares of the insurance provider’s stock, valued at approximately $388,000.

Several other large investors also recently made changes to their positions in RGA. Alpine Bank Wealth Management acquired a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its stake in Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 92 shares during the period. Cornerstone Planning Group LLC raised its stake in Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 121 shares during the period. TCTC Holdings LLC raised its stake in Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Finally, Headlands Technologies LLC raised its stake in Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.5%

RGA stock opened at $189.34 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.44 and a beta of 0.60. The business’s fifty day moving average price is $191.76 and its two-hundred day moving average price is $193.18. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week 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 for the quarter, missing the consensus estimate 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 the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business earned $5.48 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a $0.93 dividend. The ex-dividend date was Tuesday, August 12th. This is an increase 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 dividend payout ratio (DPR) is 32.29%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RGA. Wells Fargo & Company dropped their price target on 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. Barclays restated an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Morgan Stanley dropped their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.56.

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.