Rise Advisors LLC Makes New $29,000 Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

Rise Advisors LLC acquired a new stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 150 shares of the insurance provider’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also modified their holdings of RGA. Lindbrook Capital LLC raised its position in Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter valued at $26,000. VisionPoint Advisory Group LLC boosted its stake 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 worth $31,000 after purchasing an additional 114 shares during the period. Toth Financial Advisory Corp boosted its stake 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 worth $39,000 after purchasing an additional 70 shares during the period. Finally, Covestor Ltd boosted its stake in Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.37% of the stock is owned by company insiders.

Reinsurance Group of America Trading Up 0.6 %

Reinsurance Group of America stock opened at $207.63 on Friday. The stock has a market cap of $13.66 billion, a P/E ratio of 16.13 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 1 year low of $135.07 and a 1 year high of $213.21. The firm’s 50 day moving average price is $200.72 and its 200-day moving average price is $183.00.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $5.16 earnings per share. On average, equities analysts predict that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, May 13th. Reinsurance Group of America’s payout ratio is presently 26.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RGA. Morgan Stanley upped their target price on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. UBS Group increased 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 report on Thursday, May 30th. Evercore ISI increased their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated an “outperform” rating and issued a $225.00 target price on shares of Reinsurance Group of America in a research report on Friday, June 14th. Finally, 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 note on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

Reinsurance Group of America 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.