Reinsurance Group of America, Incorporated $RGA Stock: Bahl & Gaynor LLC Boosts Holdings

Bahl & Gaynor LLC raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 746,325 shares of the insurance provider’s stock after acquiring an additional 8,563 shares during the period. Bahl & Gaynor LLC’s holdings in Reinsurance Group of America were worth $183,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGA. WCM Investment Management LLC lifted its holdings in shares of Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after buying an additional 82,681 shares during the period. Dimensional Fund Advisors LP grew its holdings in Reinsurance Group of America by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider’s stock worth $227,624,000 after acquiring an additional 15,372 shares during the period. Sei Investments Co. grew its holdings in Reinsurance Group of America by 1.0% during the first quarter. Sei Investments Co. now owns 837,391 shares of the insurance provider’s stock worth $170,960,000 after acquiring an additional 8,221 shares during the period. First Trust Advisors LP raised its position in Reinsurance Group of America by 5.1% during the first quarter. First Trust Advisors LP now owns 479,000 shares of the insurance provider’s stock valued at $97,793,000 after acquiring an additional 23,105 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Reinsurance Group of America by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 417,970 shares of the insurance provider’s stock valued at $85,333,000 after acquiring an additional 2,493 shares in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 2.6%

RGA stock opened at $273.72 on Wednesday. Reinsurance Group of America, Incorporated has a 52-week low of $182.73 and a 52-week high of $275.70. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.45. The firm has a market cap of $17.81 billion, a P/E ratio of 8.31 and a beta of 0.43. The company’s 50-day simple moving average is $256.14 and its 200-day simple moving average is $227.08.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, beating the consensus estimate of $6.97 by $1.52. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $6.69 billion. Reinsurance Group of America had a return on equity of 16.18% and a net margin of 6.26%. During the same quarter in the previous year, the business earned $6.37 EPS. As a group, equities analysts forecast that Reinsurance Group of America, Incorporated will post 29.78 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 15.15%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $293.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Piper Sandler raised their price objective on shares of Reinsurance Group of America from $274.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Wells Fargo & Company boosted their target price on shares of Reinsurance Group of America from $291.00 to $292.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $278.62.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products. Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients. Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.