Yousif Capital Management LLC Sells 365 Shares of Reinsurance Group of America, Incorporated $RGA

Yousif Capital Management LLC reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.6% in the second quarter, HoldingsChannel.com reports. The firm owned 22,923 shares of the insurance provider’s stock after selling 365 shares during the period. Yousif Capital Management LLC’s holdings in Reinsurance Group of America were worth $4,547,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cordatus Wealth Management LLC raised its stake in Reinsurance Group of America by 3.1% during the first quarter. Cordatus Wealth Management LLC now owns 1,681 shares of the insurance provider’s stock valued at $331,000 after purchasing an additional 50 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Reinsurance Group of America by 4.9% in the first quarter. Journey Strategic Wealth LLC now owns 1,204 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 56 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Reinsurance Group of America by 0.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,454 shares of the insurance provider’s stock valued at $2,649,000 after acquiring an additional 60 shares during the period. Finally, Oakworth Capital Inc. raised its stake in shares of Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 60 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Reinsurance Group of America Trading Down 2.5%

NYSE RGA opened at $192.05 on Thursday. The company’s 50-day moving average price is $191.51 and its 200-day moving average price is $193.23. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.69 billion, a PE ratio of 16.67 and a beta of 0.60. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $233.81.

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 the consensus estimate of $5.70 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.48 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued a $0.93 dividend. The ex-dividend date was Tuesday, August 12th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 32.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. 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. Barclays reissued an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.56.

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.