Signaturefd LLC Has $143,000 Holdings in Reinsurance Group of America, Incorporated $RGA

Signaturefd LLC boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 14.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 723 shares of the insurance provider’s stock after purchasing an additional 92 shares during the quarter. Signaturefd LLC’s holdings in Reinsurance Group of America were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew 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 worth $1,729,000 after purchasing an additional 2,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew 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 worth $768,000 after purchasing an additional 452 shares during the last quarter. Golden State Wealth Management LLC grew 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 worth $29,000 after purchasing an additional 92 shares during the last quarter. Asset Management One Co. Ltd. grew 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 worth $1,290,000 after purchasing an additional 6,073 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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 worth $33,984,000 after purchasing an additional 12,217 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 1.8%

RGA stock opened at $197.44 on Friday. 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 company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 17.14 and a beta of 0.60. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $233.81. The stock has a fifty day moving average of $190.12 and a 200-day moving average of $193.32.

Reinsurance Group of America (NYSE:RGA) last posted 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). The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 EPS. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.89. Reinsurance Group of America’s dividend payout ratio is currently 32.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Morgan Stanley reduced their target price on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Saturday, September 27th. Finally, Wells Fargo & Company reduced their target price on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and a consensus target price of $241.50.

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.