Cambridge Investment Research Advisors Inc. Acquires 452 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Cambridge Investment Research Advisors Inc. raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,901 shares of the insurance provider’s stock after purchasing an additional 452 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Reinsurance Group of America were worth $768,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC boosted its holdings in Reinsurance Group of America by 72.2% in the 4th quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 57 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Reinsurance Group of America during the 4th quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Reinsurance Group of America by 78.2% during the 1st 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 period. Curat Global LLC bought a new stake in shares of Reinsurance Group of America during the 1st quarter worth approximately $75,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Reinsurance Group of America by 265.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 395 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 287 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock opened at $197.79 on Monday. The company has a 50 day simple moving average of $199.99 and a 200 day simple moving average of $201.48. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 16.69 and a beta of 0.62. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.16 and a quick ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 1st. The insurance provider reported $5.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.33. Reinsurance Group of America had a net margin of 3.77% and a return on equity of 13.69%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the company posted $6.02 EPS. The company’s revenue was down 17.0% on a year-over-year basis. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.04%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RGA shares. Wells Fargo & Company upped their price target on shares of Reinsurance Group of America from $246.00 to $248.00 and gave the stock an “overweight” rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their price target on shares of Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Evercore ISI cut their price target on shares of Reinsurance Group of America from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. UBS Group reaffirmed a “neutral” rating and set a $216.00 price target (down previously from $250.00) on shares of Reinsurance Group of America in a report on Wednesday, April 2nd. Finally, Morgan Stanley set a $209.00 price target on shares of Reinsurance Group of America and gave the stock an “equal weight” rating in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $228.85.

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.