Vanguard Personalized Indexing Management LLC Has $1.54 Million Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Vanguard Personalized Indexing Management LLC lifted its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,522 shares of the insurance provider’s stock after acquiring 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.

A number of other hedge funds have also bought and sold shares of RGA. Earnest Partners LLC boosted its holdings in Reinsurance Group of America by 4.2% in the 1st quarter. Earnest Partners LLC now owns 2,577,901 shares of the insurance provider’s stock valued at $497,226,000 after purchasing an additional 104,256 shares during the period. Sei Investments Co. grew its position in Reinsurance Group of America by 5.7% during the first quarter. Sei Investments Co. now owns 780,010 shares of the insurance provider’s stock worth $150,448,000 after buying an additional 42,135 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Reinsurance Group of America by 2.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider’s stock worth $112,668,000 after buying an additional 15,926 shares in the last quarter. Junto Capital Management LP bought a new position in Reinsurance Group of America during the 4th quarter worth $92,083,000. Finally, Balyasny Asset Management L.P. bought a new position in Reinsurance Group of America during the 4th quarter worth $67,177,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Performance

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

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.54. The business had revenue of $4.88 billion for 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%. Reinsurance Group of America’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.40 EPS. On average, equities analysts expect that Reinsurance Group of America, Incorporated will post 21.7 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

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

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Raymond James upped their price objective on shares of Reinsurance Group of America from $212.00 to $228.00 and gave the stock a “strong-buy” rating in a research report on Friday, June 14th. Piper Sandler raised their target price on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Citigroup increased their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, UBS Group lifted their price objective on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.