Ameritas Investment Partners Inc. Has $4.88 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Ameritas Investment Partners Inc. lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,794 shares of the insurance provider’s stock after selling 558 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Reinsurance Group of America were worth $4,884,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Pineridge Advisors LLC acquired a new position in Reinsurance Group of America in the 4th quarter worth $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Reinsurance Group of America during the first quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of Reinsurance Group of America during the second quarter worth about $28,000. Rise Advisors LLC acquired a new stake in Reinsurance Group of America in the 1st quarter valued at approximately $29,000. Finally, Family Firm Inc. bought a new stake in Reinsurance Group of America in the 2nd quarter valued at approximately $29,000. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on RGA. Morgan Stanley decreased their price target 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. Royal Bank of Canada lifted their price target on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup increased their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group increased their price target on Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $223.33.

Reinsurance Group of America Stock Up 0.4 %

RGA stock opened at $219.62 on Friday. The business’s 50 day simple moving average is $212.96 and its 200 day simple moving average is $203.22. Reinsurance Group of America, Incorporated has a 1-year low of $140.39 and a 1-year high of $227.87. The firm has a market capitalization of $14.45 billion, a PE ratio of 17.06 and a beta of 0.91. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the company posted $4.40 EPS. Reinsurance Group of America’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current year.

Reinsurance Group of America Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a $0.89 dividend. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.62%. Reinsurance Group of America’s dividend payout ratio is presently 27.66%.

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.