Strs Ohio Makes New $2.20 Million Investment in Reinsurance Group of America, Incorporated $RGA

Strs Ohio bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,183 shares of the insurance provider’s stock, valued at approximately $2,202,000.

Several other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Reinsurance Group of America by 38.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,783 shares of the insurance provider’s stock valued at $1,729,000 after purchasing an additional 2,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Reinsurance Group of America by 13.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,901 shares of the insurance provider’s stock valued at $768,000 after purchasing an additional 452 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Reinsurance Group of America by 164.3% during the first quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 92 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Reinsurance Group of America by 1,265.2% during the first quarter. Asset Management One Co. Ltd. now owns 6,553 shares of the insurance provider’s stock valued at $1,290,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Reinsurance Group of America by 7.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 171,402 shares of the insurance provider’s stock valued at $33,984,000 after purchasing an additional 12,217 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $189.25 on Tuesday. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. 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 fifty day moving average price of $191.61 and a 200 day moving average price of $193.46. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 16.43 and a beta of 0.59.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS 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 business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the business earned $5.48 EPS. Reinsurance Group of America’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.0%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is 32.29%.

Analysts Set New Price Targets

RGA has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. 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 reaffirmed a “market perform” rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $242.27.

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.