Oak Thistle LLC Has $557,000 Stake in Reinsurance Group of America, Incorporated $RGA

Oak Thistle LLC reduced its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 59.7% in the 3rd quarter, Holdings Channel reports. The fund owned 2,899 shares of the insurance provider’s stock after selling 4,292 shares during the quarter. Oak Thistle LLC’s holdings in Reinsurance Group of America were worth $557,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Richard W. Paul & Associates LLC lifted its stake in Reinsurance Group of America by 3.7% in the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after buying an additional 54 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in 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 acquiring an additional 58 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Reinsurance Group of America by 32.4% during the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 60 shares in the last quarter. Paulson Wealth Management Inc. increased its holdings in Reinsurance Group of America by 4.5% during the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock worth $311,000 after purchasing an additional 67 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Reinsurance Group of America by 3.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after purchasing an additional 69 shares during the period. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of RGA opened at $205.18 on Friday. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 15.78 and a beta of 0.55. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $191.29 and its 200 day simple moving average is $192.68. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.13 EPS. On average, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s payout ratio is currently 28.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RGA shares. Keefe, Bruyette & Woods decreased their price objective on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Morgan Stanley set a $208.00 target price on shares of Reinsurance Group of America in a report on Monday. Barclays reiterated an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.33.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.