WINTON GROUP Ltd Trims Holdings in Reinsurance Group of America, Incorporated $RGA

WINTON GROUP Ltd decreased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 50.5% in the second quarter, HoldingsChannel reports. The firm owned 3,307 shares of the insurance provider’s stock after selling 3,375 shares during the quarter. WINTON GROUP Ltd’s holdings in Reinsurance Group of America were worth $703,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tobam lifted its stake in Reinsurance Group of America by 244.7% in the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 115 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Reinsurance Group of America in the 4th quarter worth about $35,000. Entrust Financial LLC bought a new stake in shares of Reinsurance Group of America during the 4th quarter valued at about $40,000. Whipplewood Advisors LLC increased its position in shares of Reinsurance Group of America by 4,400.0% during the first quarter. Whipplewood Advisors LLC now owns 225 shares of the insurance provider’s stock valued at $46,000 after buying an additional 220 shares during the period. Finally, Millstone Evans Group LLC lifted its holdings in Reinsurance Group of America by 77.0% in the first quarter. Millstone Evans Group LLC now owns 239 shares of the insurance provider’s stock worth $49,000 after buying an additional 104 shares during the period. 95.11% of the stock is currently owned by institutional investors.

Insider Transactions at Reinsurance Group of America

In related news, EVP Jonathan Porter sold 8,589 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $246.30, for a total value of $2,115,470.70. Following the transaction, the executive vice president directly owned 14,885 shares of the company’s stock, valued at approximately $3,666,175.50. This represents a 36.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Reinsurance Group of America Stock Down 0.1%

NYSE:RGA opened at $248.52 on Tuesday. The firm has a market cap of $16.23 billion, a P/E ratio of 10.91 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a fifty-two week low of $178.21 and a fifty-two week high of $257.81. The firm has a 50-day simple moving average of $242.13 and a two-hundred day simple moving average of $220.40.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.39. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The firm had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the prior year, the firm posted $4.72 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Analysts predict that Reinsurance Group of America, Incorporated will post 29.68 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, August 18th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.93. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 17.22%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RGA. Morgan Stanley upped their target price on Reinsurance Group of America from $223.00 to $250.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. Wells Fargo & Company increased their price objective on Reinsurance Group of America from $269.00 to $291.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. UBS Group raised Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $286.00 to $293.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.56.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE:RGA) is a global provider of life and health reinsurance. The company helps insurance and financial services companies manage mortality, longevity, morbidity and other risks by assuming portions of their insurance obligations and providing capital and risk-management support.

RGA’s business includes traditional life reinsurance, health reinsurance, longevity solutions and financial solutions. Its offerings support products such as life insurance, annuities, critical illness coverage, disability insurance and other health-related protection products.