Vanguard Personalized Indexing Management LLC Acquires 649 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,522 shares of the insurance provider’s stock after purchasing an additional 649 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Reinsurance Group of America were worth $1,536,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RGA. Meeder Asset Management Inc. bought a new stake in shares of Reinsurance Group of America during the first quarter worth $675,000. Price T Rowe Associates Inc. MD increased its holdings in Reinsurance Group of America by 22.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock worth $27,617,000 after purchasing an additional 26,306 shares in the last quarter. Junto Capital Management LP acquired a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $92,083,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Reinsurance Group of America by 50.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,486 shares of the insurance provider’s stock valued at $1,459,000 after purchasing an additional 2,524 shares in the last quarter. Finally, Dean Capital Management boosted its position in shares of Reinsurance Group of America by 19.4% during the fourth quarter. Dean Capital Management now owns 10,086 shares of the insurance provider’s stock worth $1,632,000 after buying an additional 1,636 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $219.62 on Friday. Reinsurance Group of America, Incorporated has a 12-month low of $140.39 and a 12-month high of $227.87. The stock’s 50 day moving average price is $212.96 and its two-hundred day moving average price is $203.39. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 17.06 and a beta of 0.91.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.40 earnings per share. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.7 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.89 per share. The ex-dividend date was Friday, August 9th. 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 1.62%. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Piper Sandler increased their target price on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Barclays began coverage on shares of Reinsurance Group of America in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their target price on Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $223.33.

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.