Anderson Hoagland & Co. Lowers Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Anderson Hoagland & Co. lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,938 shares of the insurance provider’s stock after selling 1,143 shares during the quarter. Anderson Hoagland & Co.’s holdings in Reinsurance Group of America were worth $2,904,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RGA. Bay Harbor Wealth Management LLC acquired a new position in Reinsurance Group of America during the first quarter worth approximately $36,000. AllSquare Wealth Management LLC purchased a new stake in shares of Reinsurance Group of America in the first quarter worth about $36,000. Allworth Financial LP grew its stake in shares of Reinsurance Group of America by 33.9% in the first quarter. Allworth Financial LP now owns 300 shares of the insurance provider’s stock valued at $40,000 after buying an additional 76 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new stake in shares of Reinsurance Group of America during the 1st quarter valued at about $401,912,000. Finally, Parkside Financial Bank & Trust lifted its position in Reinsurance Group of America by 47.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Reinsurance Group of America Stock Performance

RGA stock traded down $1.01 on Friday, reaching $143.14. The company’s stock had a trading volume of 62,545 shares, compared to its average volume of 398,626. The firm has a fifty day moving average of $140.64 and a two-hundred day moving average of $140.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $9.48 billion, a P/E ratio of 10.31 and a beta of 0.88. Reinsurance Group of America, Incorporated has a 52 week low of $120.29 and a 52 week high of $153.35.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, August 4th. The insurance provider reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.28. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.30 billion. Reinsurance Group of America had a return on equity of 20.35% and a net margin of 5.61%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $5.78 earnings per share. As a group, analysts predict that Reinsurance Group of America, Incorporated will post 18.13 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Monday, August 14th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.80. Reinsurance Group of America’s payout ratio is currently 24.32%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Reinsurance Group of America from $170.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, August 9th. Raymond James began coverage on Reinsurance Group of America in a research report on Wednesday, June 7th. They issued a “strong-buy” rating and a $199.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Reinsurance Group of America from $168.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Jefferies Financial Group cut their price target on shares of Reinsurance Group of America from $160.00 to $159.00 and set a “hold” rating on the stock in a report on Thursday. Finally, 58.com reissued a “maintains” rating on shares of Reinsurance Group of America in a report on Wednesday, May 24th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.55.

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.