Farther Finance Advisors LLC Has $183,000 Position in Reinsurance Group of America, Incorporated $RGA

Farther Finance Advisors LLC lowered its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 29.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 922 shares of the insurance provider’s stock after selling 389 shares during the period. Farther Finance Advisors LLC’s holdings in Reinsurance Group of America were worth $183,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Reinsurance Group of America by 21.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 24,200 shares of the insurance provider’s stock valued at $4,795,000 after acquiring an additional 4,300 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Reinsurance Group of America by 54.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the insurance provider’s stock valued at $2,682,000 after acquiring an additional 4,775 shares during the period. Wedmont Private Capital boosted its position in shares of Reinsurance Group of America by 4.3% in the second quarter. Wedmont Private Capital now owns 2,218 shares of the insurance provider’s stock valued at $433,000 after acquiring an additional 92 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Reinsurance Group of America by 50.5% in the second quarter. Pallas Capital Advisors LLC now owns 3,631 shares of the insurance provider’s stock valued at $720,000 after acquiring an additional 1,218 shares during the period. Finally, Martin Capital Partners LLC lifted its position in Reinsurance Group of America by 225.4% in the second quarter. Martin Capital Partners LLC now owns 26,338 shares of the insurance provider’s stock worth $5,224,000 after purchasing an additional 18,243 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Morgan Stanley cut their price objective on 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. Finally, Wells Fargo & Company lowered their target price on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus price target of $241.50.

Reinsurance Group of America Trading Up 0.6%

RGA opened at $193.24 on Thursday. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The company has a 50-day simple moving average of $190.09 and a 200 day simple moving average of $193.26. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 16.77 and a beta of 0.60.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results 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 business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the firm posted $5.48 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

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

About Reinsurance Group of America

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.