Monument Capital Management Purchases 510 Shares of Reinsurance Group of America, Incorporated $RGA

Monument Capital Management grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,317 shares of the insurance provider’s stock after purchasing an additional 510 shares during the quarter. Monument Capital Management’s holdings in Reinsurance Group of America were worth $2,840,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at $28,000. Golden State Wealth Management LLC increased its stake in shares of Reinsurance Group of America by 164.3% in the 1st quarter. Golden State Wealth Management LLC now owns 148 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 92 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Reinsurance Group of America by 224.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 121 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $194.49 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 company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 16.88 and a beta of 0.60. The firm’s fifty day moving average price is $190.43 and its two-hundred day moving average price is $193.41. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.Reinsurance Group of America’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.48 earnings per share. As a group, analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.93 dividend. 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. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America’s payout ratio is presently 32.29%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RGA. Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday. Morgan Stanley dropped their price objective on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.56.

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.