Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP grew its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 9.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,748 shares of the insurance provider’s stock after acquiring an additional 5,477 shares during the period. Artemis Investment Management LLP owned about 0.10% of Reinsurance Group of America worth $12,880,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RGA. Louisiana State Employees Retirement System purchased a new stake in shares of Reinsurance Group of America during the fourth quarter worth about $2,993,000. International Assets Investment Management LLC grew its stake in shares of Reinsurance Group of America by 16,078.1% in the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock valued at $3,586,000 after buying an additional 22,027 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Reinsurance Group of America in the 1st quarter valued at approximately $675,000. Price T Rowe Associates Inc. MD grew its stake in shares of Reinsurance Group of America by 22.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 143,178 shares of the insurance provider’s stock valued at $27,617,000 after buying an additional 26,306 shares during the period. Finally, Junto Capital Management LP acquired a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $92,083,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.7 %

Shares of Reinsurance Group of America stock traded up $1.40 during trading on Monday, hitting $204.71. 91,382 shares of the stock were exchanged, compared to its average volume of 378,483. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 15.74 and a beta of 0.92. The firm’s 50-day moving average price is $208.73 and its 200 day moving average price is $194.83. Reinsurance Group of America, Incorporated has a 12-month low of $135.07 and a 12-month high of $227.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.17 and a quick ratio of 0.19.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 1st. The insurance provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a net margin of 4.01% and a return on equity of 15.84%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the previous year, the company earned $4.40 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 21.24 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.89 per share. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, August 9th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 27.66%.

Analyst Ratings Changes

RGA has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group increased their target price on shares of Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Jefferies Financial Group increased their target price on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Morgan Stanley increased their target price on shares of Reinsurance Group of America from $216.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.73.

Insider Buying and Selling

In related news, EVP John W. Hayden sold 1,767 shares of Reinsurance Group of America stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the sale, the executive vice president now directly owns 16,490 shares in the company, valued at approximately $3,410,956.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

About Reinsurance Group of America

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.