Paragon Capital Management Ltd Cuts Stake in Reinsurance Group of America, Incorporated $RGA

Paragon Capital Management Ltd reduced its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,090 shares of the insurance provider’s stock after selling 224 shares during the period. Paragon Capital Management Ltd’s holdings in Reinsurance Group of America were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RGA. Alpine Bank Wealth Management purchased a new stake in shares of Reinsurance Group of America in the first quarter worth $28,000. Golden State Wealth Management LLC boosted its position 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 buying an additional 92 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Reinsurance Group of America by 224.1% during the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after buying an additional 121 shares during the last quarter. TCTC Holdings LLC boosted its position in shares of Reinsurance Group of America by 107.2% during the first quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after buying an additional 89 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Reinsurance Group of America by 357.1% during the first quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after buying an additional 175 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Up 1.5%

NYSE:RGA opened at $191.05 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 16.58 and a beta of 0.59. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The business has a fifty day moving average price of $190.27 and a 200-day moving average price of $193.20.

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

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio is 32.29%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Morgan Stanley dropped their price objective on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, Wells Fargo & Company dropped their price objective on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Reinsurance Group of America has an average rating of “Moderate Buy” and an average target price of $241.50.

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.