Vaughan Nelson Investment Management L.P. Has $20.83 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vaughan Nelson Investment Management L.P. lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 34.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,612 shares of the insurance provider’s stock after selling 49,615 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.15% of Reinsurance Group of America worth $20,831,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RGA. Mitsubishi UFJ Trust & Banking Corp lifted 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 during the period. Covestor Ltd raised its position in shares of Reinsurance Group of America by 20.3% during the first quarter. Covestor Ltd now owns 374 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 63 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Reinsurance Group of America by 4.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 41,936 shares of the insurance provider’s stock worth $8,089,000 after purchasing an additional 1,701 shares during the period. Vaughan David Investments LLC IL raised its position in shares of Reinsurance Group of America by 0.6% during the first quarter. Vaughan David Investments LLC IL now owns 244,958 shares of the insurance provider’s stock worth $47,247,000 after purchasing an additional 1,450 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Reinsurance Group of America by 1.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 51,454 shares of the insurance provider’s stock worth $9,919,000 after purchasing an additional 779 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.1 %

Shares of Reinsurance Group of America stock opened at $231.95 on Monday. Reinsurance Group of America, Incorporated has a one year low of $157.21 and a one year high of $233.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.17 and a quick ratio of 0.17. The stock’s 50-day moving average is $217.33 and its 200 day moving average is $211.81. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 21.30 and a beta of 0.92.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $0.82. Reinsurance Group of America had a return on equity of 15.01% and a net margin of 3.32%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the company earned $5.57 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.93 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.89 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.53%. Reinsurance Group of America’s dividend payout ratio is presently 32.69%.

Insider Activity

In related news, EVP William L. Hutton sold 1,209 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $218.97, for a total transaction of $264,734.73. Following the completion of the sale, the executive vice president now directly owns 12,357 shares of the company’s stock, valued at approximately $2,705,812.29. This trade represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGA. Barclays dropped their price target on Reinsurance Group of America from $255.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. TD Cowen initiated coverage on Reinsurance Group of America in a report on Wednesday, October 9th. They set a “hold” rating and a $235.00 price objective for the company. Piper Sandler increased their price objective on Reinsurance Group of America from $237.00 to $242.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $227.38.

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.