Securian Asset Management Inc. Acquires 100 Shares of Reinsurance Group of America, Incorporated $RGA

Securian Asset Management Inc. boosted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.0% during the second quarter, HoldingsChannel.com reports. The fund owned 5,079 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Securian Asset Management Inc.’s holdings in Reinsurance Group of America were worth $1,007,000 at the end of the most recent reporting period.

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

Reinsurance Group of America Price Performance

RGA opened at $189.65 on Friday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. 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 company’s 50 day simple moving average is $191.74 and its 200-day simple moving average is $193.29. The stock has a market capitalization of $12.53 billion, a P/E ratio of 16.46 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the company earned $5.48 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America’s payout ratio is currently 32.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RGA. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Barclays reaffirmed an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley decreased their price objective on shares of 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. Seven investment 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. According to MarketBeat, the stock 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.