Smithfield Trust Co Has $223,000 Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Smithfield Trust Co decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,123 shares of the insurance provider’s stock after selling 74 shares during the period. Smithfield Trust Co’s holdings in Reinsurance Group of America were worth $223,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Reinsurance Group of America during the first quarter worth about $28,000. Colonial Trust Co SC grew its stake in 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 valued at $29,000 after purchasing an additional 57 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Reinsurance Group of America by 164.3% during the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 92 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Reinsurance Group of America by 224.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 121 shares during the last quarter. Finally, TCTC Holdings LLC raised its stake in shares of Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $209.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Wells Fargo & Company reiterated an “overweight” rating and issued a $249.00 price target (up previously from $248.00) on shares of Reinsurance Group of America in a research note on Thursday, July 10th. Keefe, Bruyette & Woods lifted their price objective on shares of 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. JPMorgan Chase & Co. upped 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 report on Tuesday, July 8th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Reinsurance Group of America in a research note on Friday, May 23rd. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.36.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $177.38 on Monday. The stock has a market cap of $11.72 billion, a PE ratio of 15.40 and a beta of 0.61. 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 moving average of $197.24 and a 200-day moving average of $198.39. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $233.81.

Reinsurance Group of America (NYSE:RGA) last released its quarterly 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). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the company earned $5.48 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

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

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.