LSV Asset Management Has $39.64 Million Stake in Reinsurance Group of America, Incorporated (NYSE:RGA)

LSV Asset Management trimmed its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,336 shares of the insurance provider’s stock after selling 23,564 shares during the quarter. LSV Asset Management owned about 0.30% of Reinsurance Group of America worth $39,643,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Blueshift Asset Management LLC acquired a new position in Reinsurance Group of America during the first quarter worth $351,000. US Bancorp DE increased its position in Reinsurance Group of America by 3.6% during the first quarter. US Bancorp DE now owns 36,989 shares of the insurance provider’s stock worth $7,284,000 after buying an additional 1,271 shares during the last quarter. Cordatus Wealth Management LLC increased its position in Reinsurance Group of America by 3.1% during the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock worth $331,000 after buying an additional 50 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Reinsurance Group of America by 9.6% in the first quarter. Natixis Advisors LLC now owns 221,757 shares of the insurance provider’s stock valued at $43,664,000 after purchasing an additional 19,408 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Reinsurance Group of America by 110.7% in the first quarter. Bayforest Capital Ltd now owns 1,146 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 602 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RGA shares. Keefe, Bruyette & Woods raised their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Reinsurance Group of America in a research report on Friday, May 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $249.00 price target (up from $248.00) on shares of Reinsurance Group of America in a research report on Thursday, July 10th. Morgan Stanley raised their price target on Reinsurance Group of America from $209.00 to $210.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Four research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.36.

Reinsurance Group of America Stock Down 7.8%

NYSE RGA opened at $177.38 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a 50-day simple moving average of $197.24 and a 200 day simple moving average of $198.39. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock has a market cap of $11.72 billion, a PE ratio of 15.40 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, July 31st. The insurance provider reported $4.72 earnings per share for the quarter, missing the consensus estimate of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.48 EPS. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current 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 paid a dividend of $0.93 per share. This is a positive change 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%. The ex-dividend date is Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio is 30.90%.

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.