Daiwa Securities Group Inc. Has $308,000 Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Daiwa Securities Group Inc. raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 7.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,500 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc.’s holdings in Reinsurance Group of America were worth $308,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Pineridge Advisors LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Reinsurance Group of America in the 1st quarter valued at $28,000. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America during the 2nd quarter valued at $28,000. Rise Advisors LLC bought a new position in Reinsurance Group of America during the first quarter worth $29,000. Finally, Family Firm Inc. acquired a new stake in Reinsurance Group of America in the second quarter worth $29,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $216.75 on Wednesday. The stock has a market cap of $14.28 billion, a P/E ratio of 16.84 and a beta of 0.91. 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 company’s 50 day moving average price is $212.53 and its two-hundred day moving average price is $202.70. Reinsurance Group of America, Incorporated has a 52 week low of $140.39 and a 52 week high of $227.87.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.54. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $4.40 EPS. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.64%. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. Reinsurance Group of America’s payout ratio is presently 27.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RGA shares. StockNews.com cut shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Evercore ISI raised their price objective on Reinsurance Group of America from $225.00 to $241.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Piper Sandler boosted their price objective on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Raymond James increased their target price on Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a report on Friday, June 14th. Finally, Citigroup boosted their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $223.33.

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.