Pacer Advisors Inc. Reduces Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Pacer Advisors Inc. decreased its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 86.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,920 shares of the insurance provider’s stock after selling 12,482 shares during the period. Pacer Advisors Inc.’s holdings in Reinsurance Group of America were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of RGA. Alpine Bank Wealth Management bought a new position in Reinsurance Group of America in the 1st quarter worth about $28,000. Colonial Trust Co SC lifted its holdings in shares of Reinsurance Group of America by 72.2% in the fourth quarter. Colonial Trust Co SC now owns 136 shares of the insurance provider’s stock worth $29,000 after buying an additional 57 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Reinsurance Group of America by 164.3% in the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 92 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 121 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $61,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Down 7.8%

Shares of NYSE:RGA opened at $177.38 on Friday. The firm has a fifty day moving average of $197.24 and a 200 day moving average of $198.74. 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 debt-to-equity ratio of 0.50, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $11.72 billion, a PE ratio of 15.40 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Reinsurance Group of America had a return on equity of 12.82% and a net margin of 3.54%. Reinsurance Group of America’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 earnings per share. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.93 per share. The ex-dividend date is Tuesday, August 12th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a yield of 2.1%. Reinsurance Group of America’s dividend payout ratio (DPR) is 30.90%.

Analysts Set New Price Targets

RGA has been the topic of several recent analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. Morgan Stanley upped their price target on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the stock an “equal weight” rating in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Wells Fargo & Company restated an “overweight” rating and set a $249.00 target price (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $244.36.

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.