Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,936 shares of the insurance provider’s stock after acquiring an additional 1,701 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.06% of Reinsurance Group of America worth $8,089,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Covestor Ltd raised its stake in shares of Reinsurance Group of America by 20.3% in the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 63 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Reinsurance Group of America by 50.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after buying an additional 2,524 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Reinsurance Group of America in the first quarter valued at $24,918,000. M&G Plc acquired a new stake in Reinsurance Group of America in the first quarter valued at $15,658,000. Finally, Trillium Asset Management LLC raised its stake in Reinsurance Group of America by 0.8% in the first quarter. Trillium Asset Management LLC now owns 35,916 shares of the insurance provider’s stock valued at $6,928,000 after buying an additional 269 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the sale, the executive vice president now directly owns 16,490 shares in the company, valued at $3,410,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the topic of a number of analyst reports. Evercore ISI raised their price target on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Raymond James raised their price target on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research note on Friday, June 14th. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on Reinsurance Group of America from $195.00 to $208.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group raised their price objective on Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.64.

Reinsurance Group of America Stock Down 1.2 %

Reinsurance Group of America stock traded down $2.56 during trading on Wednesday, reaching $218.68. 315,690 shares of the company’s stock were exchanged, compared to its average volume of 358,774. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $223.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 17.17 and a beta of 0.92. The company’s 50-day moving average is $208.20 and its two-hundred day moving average is $190.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the prior year, the business earned $5.16 earnings per share. On average, analysts predict that Reinsurance Group of America, Incorporated will post 21.11 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

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.