Bahl & Gaynor Inc. Acquires 94,894 Shares of Reinsurance Group of America, Incorporated $RGA

Bahl & Gaynor Inc. lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 18.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604,664 shares of the insurance provider’s stock after buying an additional 94,894 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.92% of Reinsurance Group of America worth $116,174,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RGA. Millstone Evans Group LLC grew its holdings in Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares during the period. Root Financial Partners LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter worth approximately $33,000. LRI Investments LLC grew its stake in shares of Reinsurance Group of America by 41.2% in the 3rd quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after buying an additional 77 shares during the last quarter. Employees Retirement System of Texas bought a new position in Reinsurance Group of America during the 2nd quarter valued at approximately $57,000. Finally, Avalon Trust Co bought a new position in Reinsurance Group of America during the 3rd quarter valued at approximately $58,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Price Performance

RGA opened at $215.72 on Monday. The company’s 50-day simple moving average is $207.39 and its two-hundred day simple moving average is $197.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market capitalization of $14.14 billion, a P/E ratio of 12.15 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, beating the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the previous year, the company earned $4.99 earnings per share. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Analysts Set New Price Targets

RGA has been the topic of a number of recent research reports. Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an “overweight” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Morgan Stanley set a $208.00 price objective on shares of Reinsurance Group of America in a research note on Monday, December 15th. Keefe, Bruyette & Woods dropped their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.88.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.