Paulson Wealth Management Inc. Sells 52 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Paulson Wealth Management Inc. trimmed its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,464 shares of the insurance provider’s stock after selling 52 shares during the quarter. Paulson Wealth Management Inc.’s holdings in Reinsurance Group of America were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RGA. International Assets Investment Management LLC increased its holdings in Reinsurance Group of America by 16,078.1% during the 4th quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock worth $3,586,000 after purchasing an additional 22,027 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. CWM LLC lifted its holdings in Reinsurance Group of America by 34.5% during the fourth quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $149,000 after acquiring an additional 237 shares during the period. California Public Employees Retirement System increased its position in shares of Reinsurance Group of America by 65.5% during the 4th quarter. California Public Employees Retirement System now owns 219,152 shares of the insurance provider’s stock valued at $35,454,000 after purchasing an additional 86,698 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Reinsurance Group of America in the 4th quarter worth about $82,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RGA. Citigroup raised their price target on shares of Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Raymond James increased their price objective on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research report on Friday, June 14th. Morgan Stanley decreased their price target on Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. UBS Group lifted 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 research note on Thursday, May 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus price target of $220.45.

Reinsurance Group of America Price Performance

Shares of RGA traded down $1.57 during trading hours on Monday, reaching $210.20. 268,406 shares of the stock traded hands, compared to its average volume of 371,129. The company’s 50-day moving average price is $209.35 and its two-hundred day moving average price is $197.43. The company has a market cap of $13.83 billion, a P/E ratio of 16.38 and a beta of 0.92. Reinsurance Group of America, Incorporated has a 52-week low of $135.57 and a 52-week high of $227.87. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52.

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 analysts’ consensus estimates of $4.94 by $0.54. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.07 billion. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.40 EPS. On average, analysts anticipate that Reinsurance Group of America, Incorporated will post 21.5 earnings per share for the current year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be given a $0.89 dividend. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, August 9th. Reinsurance Group of America’s dividend payout ratio is 27.66%.

Reinsurance Group of America 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.