Edgestream Partners L.P. Grows Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Edgestream Partners L.P. grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 473.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,456 shares of the insurance provider’s stock after buying an additional 22,671 shares during the period. Edgestream Partners L.P.’s holdings in Reinsurance Group of America were worth $5,446,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Headlands Technologies LLC boosted its stake in Reinsurance Group of America by 357.1% in 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 in the last quarter. SouthState Corp acquired a new stake in shares of Reinsurance Group of America in the 1st quarter worth $48,000. Oakworth Capital Inc. grew its stake in Reinsurance Group of America by 32.4% during the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after buying an additional 60 shares during the last quarter. IFP Advisors Inc increased its position in Reinsurance Group of America by 93.9% during the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after buying an additional 138 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Reinsurance Group of America in the second quarter valued at about $57,000. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Barclays reaffirmed an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. 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, Morgan Stanley reduced their target price on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $239.89.

Reinsurance Group of America Trading Down 0.1%

Reinsurance Group of America stock opened at $192.56 on Wednesday. The firm has a market cap of $12.65 billion, a PE ratio of 16.72 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $232.97. The stock’s 50 day simple moving average is $190.01 and its two-hundred day simple moving average is $193.01. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47.

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

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were given a $0.93 dividend. The ex-dividend date was Monday, November 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is 28.62%.

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.