Russell Investments Group Ltd. Buys 4,589 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Russell Investments Group Ltd. increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 277,331 shares of the insurance provider’s stock after purchasing an additional 4,589 shares during the quarter. Russell Investments Group Ltd. owned 0.42% of Reinsurance Group of America worth $54,607,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RGA. GAMMA Investing LLC boosted its holdings in Reinsurance Group of America by 54,931.6% during the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider’s stock valued at $93,512,000 after acquiring an additional 474,060 shares during the period. Nuveen LLC purchased a new position in Reinsurance Group of America during the 1st quarter valued at $69,092,000. Tidal Investments LLC boosted its holdings in Reinsurance Group of America by 6,944.4% during the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider’s stock valued at $60,963,000 after acquiring an additional 281,317 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Reinsurance Group of America by 256.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider’s stock valued at $64,240,000 after acquiring an additional 234,780 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Reinsurance Group of America by 466.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 235,219 shares of the insurance provider’s stock valued at $46,315,000 after acquiring an additional 193,703 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $189.82 on Thursday. 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 has a market capitalization of $12.55 billion, a price-to-earnings ratio of 16.48 and a beta of 0.61. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $233.81. The business’s fifty day simple moving average is $194.31 and its 200-day simple moving average is $196.55.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.48 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th will be paid a dividend of $0.93 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, August 12th. 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 currently 32.29%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RGA. Keefe, Bruyette & Woods boosted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Morgan Stanley boosted their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Wells Fargo & Company dropped their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on 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, Raymond James Financial reissued a “market perform” rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus target price of $243.64.

About Reinsurance Group of America

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.