SG Americas Securities LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 107.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,228 shares of the insurance provider’s stock after buying an additional 10,972 shares during the period. SG Americas Securities LLC’s holdings in Reinsurance Group of America, were worth $2,725,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. increased its stake in Reinsurance Group of America, by 39.8% in the first quarter. Duncker Streett & Co. Inc. now owns 923 shares of the insurance provider’s stock worth $117,000 after buying an additional 263 shares during the period. Israel Discount Bank of New York acquired a new stake in Reinsurance Group of America, during the first quarter worth about $125,000. Creative Planning increased its stake in Reinsurance Group of America, by 3.2% in the first quarter. Creative Planning now owns 1,050 shares of the insurance provider’s stock worth $133,000 after buying an additional 33 shares during the period. James Investment Research Inc. acquired a new stake in Reinsurance Group of America, during the first quarter worth about $143,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Reinsurance Group of America, by 7.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the insurance provider’s stock worth $167,000 after buying an additional 86 shares during the period. 91.20% of the stock is owned by hedge funds and other institutional investors.
Reinsurance Group of America, Incorporated (RGA) opened at 136.35 on Wednesday. The firm has a 50-day moving average price of $135.48 and a 200-day moving average price of $129.11. The stock has a market cap of $8.79 billion, a PE ratio of 11.62 and a beta of 0.83. Reinsurance Group of America, Incorporated has a 12-month low of $102.06 and a 12-month high of $141.89.
Reinsurance Group of America, (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 27th. The insurance provider reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.51. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3 billion. Reinsurance Group of America, had a return on equity of 8.48% and a net margin of 6.33%. Reinsurance Group of America,’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. Analysts forecast that Reinsurance Group of America, Incorporated will post $10.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th will be given a dividend of $0.50 per share. This is a boost from Reinsurance Group of America,’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, August 4th. Reinsurance Group of America,’s dividend payout ratio is currently 17.02%.
RGA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Reinsurance Group of America, from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Friday, July 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $137.00 target price on shares of Reinsurance Group of America, in a research report on Thursday, August 3rd. Jefferies Group LLC dropped their target price on shares of Reinsurance Group of America, from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating and set a $127.00 target price on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Reinsurance Group of America, in a research report on Friday, April 28th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Reinsurance Group of America, presently has a consensus rating of “Hold” and a consensus price target of $125.89.
In other news, Director Alan C. Henderson sold 440 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $139.87, for a total transaction of $61,542.80. Following the completion of the transaction, the director now directly owns 20,418 shares of the company’s stock, valued at $2,855,865.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy T. Matson acquired 500 shares of Reinsurance Group of America, stock in a transaction dated Wednesday, June 21st. The shares were purchased at an average cost of $127.39 per share, with a total value of $63,695.00. Following the completion of the transaction, the executive vice president now directly owns 2,430 shares of the company’s stock, valued at $309,557.70. The disclosure for this purchase can be found here. Insiders have sold 14,970 shares of company stock valued at $2,096,360 over the last ninety days. 1.47% of the stock is owned by insiders.
Reinsurance Group of America, Company Profile
Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional life and health reinsurance and financial solutions with operations in the United States, Latin America, Canada, Europe, Africa, Asia and Australia. It has geographic-based and business-based operational segments, including U.S.
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