Earnest Partners LLC Has $454.99 Million Holdings in Reinsurance Group of America, Incorporated $RGA

Earnest Partners LLC cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,368,114 shares of the insurance provider’s stock after selling 33,176 shares during the period. Reinsurance Group of America accounts for 2.0% of Earnest Partners LLC’s investment portfolio, making the stock its 4th largest holding. Earnest Partners LLC’s holdings in Reinsurance Group of America were worth $454,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGA. Goldman Sachs Group Inc. boosted its stake in shares of Reinsurance Group of America by 44.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after purchasing an additional 67,880 shares during the last quarter. Focus Partners Wealth raised its stake in Reinsurance Group of America by 121.2% during the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after buying an additional 1,466 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 buying an additional 58 shares during the period. Allworth Financial LP boosted its position in Reinsurance Group of America by 16.1% during the second quarter. Allworth Financial LP now owns 730 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 101 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in Reinsurance Group of America during the second quarter valued at $245,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 1.7%

NYSE:RGA opened at $201.59 on Friday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21. The firm has a 50-day moving average of $207.98 and a 200-day moving average of $198.34. The company has a market cap of $13.22 billion, a PE ratio of 11.36 and a beta of 0.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.99 EPS. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. Reinsurance Group of America’s payout ratio is currently 20.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Wells Fargo & Company upped their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Morgan Stanley raised their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.57.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.