Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,227 shares of the insurance provider’s stock after selling 77,802 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.22% of Reinsurance Group of America worth $29,811,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RGA. New Covenant Trust Company N.A. purchased a new stake in Reinsurance Group of America in the 1st quarter valued at $28,000. Rise Advisors LLC purchased a new position in Reinsurance Group of America in the first quarter worth approximately $29,000. Lindbrook Capital LLC increased its stake in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Reinsurance Group of America in the 1st quarter valued at $33,000. Finally, Pineridge Advisors LLC purchased a new position in shares of Reinsurance Group of America during the 4th quarter worth $26,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE RGA opened at $209.38 on Monday. The company has a 50-day moving average price of $208.75 and a two-hundred day moving average price of $196.00. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 16.27 and a beta of 0.92. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. Reinsurance Group of America, Incorporated has a 52 week low of $135.07 and a 52 week high of $227.87.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company posted $4.40 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. Analysts forecast that Reinsurance Group of America, Incorporated will post 21.5 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be paid a dividend of $0.89 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, August 9th. Reinsurance Group of America’s payout ratio is 27.66%.

Analyst Ratings Changes

RGA has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their target price on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods upped their target price on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Raymond James increased their price target on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research report on Friday, June 14th. Finally, UBS Group increased their target price on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $218.73.

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.