Jackson Creek Investment Advisors LLC Reduces Stock Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Jackson Creek Investment Advisors LLC cut its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,871 shares of the insurance provider’s stock after selling 948 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Reinsurance Group of America were worth $1,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Earnest Partners LLC raised its position in shares of Reinsurance Group of America by 4.2% during the 1st quarter. Earnest Partners LLC now owns 2,577,901 shares of the insurance provider’s stock worth $497,226,000 after acquiring an additional 104,256 shares in the last quarter. Nuance Investments LLC raised its holdings in Reinsurance Group of America by 14.7% during the fourth quarter. Nuance Investments LLC now owns 1,114,060 shares of the insurance provider’s stock worth $180,233,000 after purchasing an additional 142,627 shares in the last quarter. Sei Investments Co. lifted its position in shares of Reinsurance Group of America by 5.7% during the 1st quarter. Sei Investments Co. now owns 780,010 shares of the insurance provider’s stock worth $150,448,000 after buying an additional 42,135 shares during the last quarter. Norges Bank purchased a new position in shares of Reinsurance Group of America in the 4th quarter valued at $122,301,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Reinsurance Group of America by 2.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 584,137 shares of the insurance provider’s stock valued at $112,668,000 after buying an additional 15,926 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Reinsurance Group of America from $225.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised their price target on Reinsurance Group of America from $236.00 to $239.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price objective on Reinsurance Group of America from $208.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley lowered their target price on shares of Reinsurance Group of America from $238.00 to $236.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.45.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $218.14 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $210.76 and a 200-day simple moving average of $199.82. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 16.95 and a beta of 0.91. Reinsurance Group of America, Incorporated has a 12-month low of $135.57 and a 12-month high of $227.87.

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 return on equity of 15.84% and a net margin of 4.01%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the business posted $4.40 earnings per share. Reinsurance Group of America’s revenue was up 17.4% compared to the same quarter last year. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 21.5 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.89 dividend. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.63%. Reinsurance Group of America’s dividend payout ratio (DPR) is 27.66%.

Reinsurance Group of America Company 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.