Bahl & Gaynor Inc. Has $101.12 Million Position in Reinsurance Group of America, Incorporated $RGA

Bahl & Gaynor Inc. lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 81.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 509,770 shares of the insurance provider’s stock after acquiring an additional 228,538 shares during the period. Bahl & Gaynor Inc. owned approximately 0.77% of Reinsurance Group of America worth $101,118,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. TCTC Holdings LLC raised its holdings 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 worth $34,000 after buying an additional 89 shares in the last quarter. Headlands Technologies LLC lifted its holdings 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 acquiring an additional 175 shares during the period. SouthState Corp acquired a new stake in shares of Reinsurance Group of America in the 1st quarter valued at $48,000. Oakworth Capital Inc. grew its holdings in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 60 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Reinsurance Group of America by 93.9% during the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RGA. Barclays reaffirmed an “overweight” rating and set a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. 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 on the stock in a research report on Monday, August 18th. Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Finally, Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.89.

Reinsurance Group of America Stock Up 1.1%

Shares of Reinsurance Group of America stock opened at $186.85 on Friday. The business has a fifty day simple moving average of $189.56 and a 200 day simple moving average of $193.83. The stock has a market cap of $12.28 billion, a PE ratio of 16.22 and a beta of 0.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $6.13 EPS. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 28.62%.

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.