Edgestream Partners L.P. Increases Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Edgestream Partners L.P. boosted its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 473.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,456 shares of the insurance provider’s stock after acquiring an additional 22,671 shares during the quarter. Edgestream Partners L.P.’s holdings in Reinsurance Group of America were worth $5,446,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its position in shares of Reinsurance Group of America by 5.0% in the second quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock valued at $521,343,000 after purchasing an additional 125,937 shares during the period. American Century Companies Inc. raised its position in shares of Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after purchasing an additional 532,891 shares during the last quarter. Geode Capital Management LLC lifted its stake in Reinsurance Group of America by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock valued at $241,960,000 after buying an additional 53,211 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Reinsurance Group of America by 3.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider’s stock worth $228,168,000 after buying an additional 35,781 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Reinsurance Group of America by 17.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider’s stock worth $182,909,000 after buying an additional 137,620 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Stock Down 0.1%

Shares of RGA opened at $192.56 on Wednesday. The stock has a fifty day simple moving average of $190.01 and a two-hundred day simple moving average of $193.01. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $12.65 billion, a PE ratio of 16.72 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 52-week low of $159.25 and a 52-week high of $232.97.

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 analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm posted $6.13 earnings per share. Reinsurance Group of America’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on RGA shares. Keefe, Bruyette & Woods decreased their target price on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating and set a $246.00 target price on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Finally, Raymond James Financial lowered shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average target price of $239.89.

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.