Osaic Holdings Inc. Grows Position in Reinsurance Group of America, Incorporated $RGA

Osaic Holdings Inc. grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 25.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,192 shares of the insurance provider’s stock after buying an additional 2,704 shares during the period. Osaic Holdings Inc.’s holdings in Reinsurance Group of America were worth $2,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its stake in shares of Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 60 shares during the period. IFP Advisors Inc boosted its stake in Reinsurance Group of America by 93.9% in the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 138 shares during the period. Employees Retirement System of Texas purchased a new stake in Reinsurance Group of America during the 2nd quarter valued at approximately $57,000. True Wealth Design LLC raised its position in shares of Reinsurance Group of America by 1,323.8% during the second quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock valued at $59,000 after buying an additional 278 shares during the last quarter. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Reinsurance Group of America by 429.8% in the second quarter. HighMark Wealth Management LLC now owns 302 shares of the insurance provider’s stock worth $60,000 after buying an additional 245 shares in the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Trading Down 0.5%

Shares of RGA stock opened at $205.58 on Friday. The company has a market cap of $13.51 billion, a PE ratio of 15.81 and a beta of 0.55. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $232.97. The stock’s 50 day simple moving average is $192.74 and its two-hundred day simple moving average is $192.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the business earned $6.13 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s payout ratio is presently 28.62%.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of research analyst reports. Weiss Ratings upgraded Reinsurance Group of America from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Raymond James Financial cut Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Barclays reaffirmed an “overweight” rating and issued a $246.00 price objective on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their target price on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Morgan Stanley set a $208.00 target price on shares of Reinsurance Group of America in a report on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $240.00.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.