Thurston Springer Miller Herd & Titak Inc. Makes New $36,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Thurston Springer Miller Herd & Titak Inc. acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 174 shares of the insurance provider’s stock, valued at approximately $36,000.

A number of other institutional investors also recently made changes to their positions in RGA. Louisiana State Employees Retirement System purchased a new stake in Reinsurance Group of America during the 4th quarter valued at 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 fourth 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 during the last quarter. Meeder Asset Management Inc. bought a new position in Reinsurance Group of America during the 1st quarter valued at approximately $675,000. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $27,617,000 after buying an additional 26,306 shares during the period. Finally, Junto Capital Management LP bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at approximately $92,083,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Insider Activity at Reinsurance Group of America

In related news, EVP John W. Hayden sold 1,767 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the transaction, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at approximately $3,410,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by insiders.

Reinsurance Group of America Stock Up 2.5 %

Reinsurance Group of America stock traded up $4.86 during trading hours on Tuesday, hitting $197.48. The stock had a trading volume of 857,499 shares, compared to its average volume of 378,467. The stock’s 50-day moving average price is $209.45 and its 200-day moving average price is $193.95. 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 quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.99 billion, a P/E ratio of 15.35 and a beta of 0.92.

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, beating the consensus estimate of $4.94 by $0.54. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Reinsurance Group of America had a return on equity of 16.23% and a net margin of 4.01%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.40 EPS. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 21.24 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Reinsurance Group of America’s previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 1.80%. Reinsurance Group of America’s dividend payout ratio is 26.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RGA shares. Jefferies Financial Group boosted their price objective on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Citigroup raised 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. Royal Bank of Canada increased their target price on Reinsurance Group of America from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday. Raymond James raised their target price on Reinsurance Group of America from $212.00 to $228.00 and gave the company a “strong-buy” rating in a research note on Friday, June 14th. Finally, UBS Group increased their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Two investment 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. According to MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $217.64.

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.