Reinsurance Group of America, Incorporated $RGA Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 23.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 117,666 shares of the insurance provider’s stock after selling 36,289 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Reinsurance Group of America were worth $23,340,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Reinsurance Group of America by 27.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,355 shares of the insurance provider’s stock valued at $1,358,000 after buying an additional 1,383 shares during the period. Versant Capital Management Inc boosted its holdings in Reinsurance Group of America by 73.1% in the first quarter. Versant Capital Management Inc now owns 502 shares of the insurance provider’s stock valued at $99,000 after acquiring an additional 212 shares during the last quarter. NBC Securities Inc. grew its position in Reinsurance Group of America by 158,900.0% during the first quarter. NBC Securities Inc. now owns 3,180 shares of the insurance provider’s stock valued at $626,000 after acquiring an additional 3,178 shares during the period. Merit Financial Group LLC purchased a new stake in Reinsurance Group of America during the first quarter valued at about $747,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Reinsurance Group of America by 78.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 310 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.6%

Shares of NYSE:RGA opened at $193.24 on Thursday. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 16.77 and a beta of 0.60. The company has a 50 day moving average of $190.09 and a two-hundred day moving average of $193.26. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results 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 net margin of 3.54% and a return on equity of 12.56%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the company posted $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. As a group, analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. 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. Reinsurance Group of America’s dividend payout ratio is currently 32.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RGA shares. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company reduced their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.50.

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.