Teachers Retirement System of The State of Kentucky Has $3.49 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Teachers Retirement System of The State of Kentucky cut its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,555 shares of the insurance provider’s stock after selling 1,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Reinsurance Group of America were worth $3,488,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC grew its stake in shares of Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the period. VisionPoint Advisory Group LLC lifted its position in Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Toth Financial Advisory Corp lifted its position in Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 70 shares in the last quarter. Covestor Ltd lifted its position in Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 357 shares in the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in Reinsurance Group of America in the 4th quarter valued at about $72,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John W. Hayden sold 1,767 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $206.85, for a total transaction of $365,503.95. Following the completion of the transaction, the executive vice president now directly owns 16,490 shares in the company, valued at approximately $3,410,956.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company’s stock.

Reinsurance Group of America Stock Up 1.2 %

RGA opened at $206.30 on Wednesday. The company has a fifty day moving average price of $199.93 and a 200-day moving average price of $182.66. The firm has a market capitalization of $13.57 billion, a P/E ratio of 16.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. Reinsurance Group of America, Incorporated has a one year low of $135.07 and a one year high of $213.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same period in the previous year, the business earned $5.16 EPS. Equities research analysts expect that Reinsurance Group of America, Incorporated will post 20.66 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.65%. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 26.42%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised 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. Royal Bank of Canada reissued an “outperform” rating and set a $225.00 target price on shares of Reinsurance Group of America in a research report on Friday, June 14th. Morgan Stanley lifted their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler lifted their target price on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, UBS Group raised their price target 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. Two 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

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.