Arjuna Capital Trims Stock Position in Reinsurance Group of America, Incorporated $RGA

Arjuna Capital decreased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,475 shares of the insurance provider’s stock after selling 344 shares during the period. Arjuna Capital’s holdings in Reinsurance Group of America were worth $1,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Richard W. Paul & Associates LLC lifted its position in Reinsurance Group of America by 3.7% in the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 54 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. Paulson Wealth Management Inc. boosted its position in shares of Reinsurance Group of America by 4.5% in the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 67 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Reinsurance Group of America by 3.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 69 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on RGA. Morgan Stanley cut their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Wells Fargo & Company cut their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Barclays reissued an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.89.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $192.74 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a fifty day moving average price of $189.92 and a 200 day moving average price of $193.13. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $232.97. The company has a market cap of $12.67 billion, a PE ratio of 16.73 and a beta of 0.62.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.57. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. During the same period in the previous year, the company posted $6.13 EPS. Reinsurance Group of America’s revenue was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is currently 28.62%.

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.