Headlands Technologies LLC Boosts Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Headlands Technologies LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 357.1% during the 1st quarter, Holdings Channel reports. The firm owned 224 shares of the insurance provider’s stock after buying an additional 175 shares during the quarter. Headlands Technologies LLC’s holdings in Reinsurance Group of America were worth $44,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RGA. GAMMA Investing LLC lifted its holdings in shares of Reinsurance Group of America by 54,931.6% in the 1st quarter. GAMMA Investing LLC now owns 474,923 shares of the insurance provider’s stock valued at $93,512,000 after buying an additional 474,060 shares during the period. Tidal Investments LLC lifted its holdings in shares of Reinsurance Group of America by 6,944.4% in the 4th quarter. Tidal Investments LLC now owns 285,368 shares of the insurance provider’s stock valued at $60,963,000 after buying an additional 281,317 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Reinsurance Group of America by 256.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 326,257 shares of the insurance provider’s stock valued at $64,240,000 after buying an additional 234,780 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at about $48,724,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Reinsurance Group of America by 466.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 235,219 shares of the insurance provider’s stock valued at $46,315,000 after buying an additional 193,703 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $186.18 on Wednesday. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81. The stock has a 50 day moving average of $194.52 and a two-hundred day moving average of $196.60. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a market cap of $12.30 billion, a P/E ratio of 16.16 and a beta of 0.61.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing the consensus estimate of $5.58 by ($0.86). Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the firm posted $5.48 earnings per share. Reinsurance Group of America’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, August 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 30.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RGA shares. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Morgan Stanley boosted their price objective on Reinsurance Group of America from $209.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Wells Fargo & Company reduced their price target on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Reinsurance Group of America in a report on Friday, May 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Reinsurance Group of America from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.64.

Reinsurance Group of America 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.