Vaughan Nelson Investment Management L.P. Has $43.02 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vaughan Nelson Investment Management L.P. cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,029 shares of the insurance provider’s stock after selling 27,870 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Reinsurance Group of America were worth $43,017,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in Reinsurance Group of America in the fourth quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Reinsurance Group of America in the first quarter valued at about $29,000. VisionPoint Advisory Group LLC boosted its stake in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Reinsurance Group of America from $195.00 to $208.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Morgan Stanley increased their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Jefferies Financial Group increased their target price on Reinsurance Group of America from $240.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Evercore ISI increased their target price on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $221.18.

Reinsurance Group of America Trading Up 0.4 %

Shares of RGA stock opened at $205.82 on Wednesday. The company has a market cap of $13.54 billion, a P/E ratio of 15.99 and a beta of 0.92. The stock has a 50 day simple moving average of $204.22 and a two-hundred day simple moving average of $185.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $213.21.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same period in the previous year, the company posted $5.16 earnings per share. Research analysts forecast that Reinsurance Group of America, Incorporated will post 20.94 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, May 28th. Shareholders of record on Tuesday, May 14th were paid a $0.85 dividend. The ex-dividend date was Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a yield of 1.65%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the completion of the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

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.