First Bank & Trust Makes New Investment in Reinsurance Group of America, Incorporated (NYSE:RGA)

First Bank & Trust acquired a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,085 shares of the insurance provider’s stock, valued at approximately $209,000.

A number of other large investors also recently made changes to their positions in RGA. Hsbc Holdings PLC increased its holdings in shares of Reinsurance Group of America by 39.2% in the 3rd quarter. Hsbc Holdings PLC now owns 29,074 shares of the insurance provider’s stock valued at $4,253,000 after purchasing an additional 8,184 shares during the period. LPL Financial LLC increased its holdings in shares of Reinsurance Group of America by 4.4% in the 3rd quarter. LPL Financial LLC now owns 25,037 shares of the insurance provider’s stock valued at $3,635,000 after purchasing an additional 1,065 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of Reinsurance Group of America by 5.2% in the 3rd quarter. Treasurer of the State of North Carolina now owns 42,460 shares of the insurance provider’s stock valued at $6,165,000 after purchasing an additional 2,087 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $1,854,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at approximately $333,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on RGA. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $225.00 price target on shares of Reinsurance Group of America in a research note on Friday, June 14th. Piper Sandler upped their target price on Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI upped their target price on Reinsurance Group of America from $225.00 to $241.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley upped their target price on 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. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Reinsurance Group of America Stock Down 0.4 %

RGA opened at $205.27 on Friday. Reinsurance Group of America, Incorporated has a 1-year low of $135.07 and a 1-year high of $213.21. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 15.95 and a beta of 0.92. The business has a 50 day moving average of $203.58 and a 200-day moving average of $184.90.

Reinsurance Group of America (NYSE:RGA) last issued its 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 business had revenue of $6.34 billion during the quarter, compared to analyst estimates of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same period in the prior year, the company posted $5.16 earnings per share. As a group, sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 20.94 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.85 per share. The ex-dividend date was Monday, May 13th. This represents a $3.40 annualized dividend and a yield of 1.66%. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

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.