886 Shares in Reinsurance Group of America, Incorporated $RGA Acquired by Hilltop National Bank

Hilltop National Bank acquired a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 886 shares of the insurance provider’s stock, valued at approximately $176,000.

Several other large investors also recently added to or reduced their stakes in the business. Cordatus Wealth Management LLC lifted its stake in shares of Reinsurance Group of America by 3.1% in the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock worth $331,000 after buying an additional 50 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Reinsurance Group of America by 4.9% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock valued at $237,000 after purchasing an additional 56 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Reinsurance Group of America by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Reinsurance Group of America by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider’s stock valued at $2,649,000 after purchasing an additional 60 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of Reinsurance Group of America by 32.4% in the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 60 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Stock Up 1.8%

RGA stock opened at $197.44 on Friday. The company has a market cap of $13.05 billion, a PE ratio of 17.14 and a beta of 0.60. The business has a 50-day simple moving average of $190.12 and a 200 day simple moving average of $193.33. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $233.81. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, July 31st. The insurance provider reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.70 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $5.48 EPS. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America’s payout ratio is presently 32.29%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Saturday, September 27th. Morgan Stanley reduced their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company reduced their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.50.

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.