Sei Investments Co. Has $169.50 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Sei Investments Co. raised its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 825,719 shares of the insurance provider’s stock after purchasing an additional 45,709 shares during the period. Sei Investments Co. owned 1.26% of Reinsurance Group of America worth $169,497,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RGA. International Assets Investment Management LLC acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at $28,000. Family Firm Inc. acquired a new stake in shares of Reinsurance Group of America during the second quarter valued at about $29,000. New Covenant Trust Company N.A. acquired a new position in shares of Reinsurance Group of America in the first quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in Reinsurance Group of America in the 1st quarter valued at approximately $29,000. Finally, LRI Investments LLC acquired a new stake in Reinsurance Group of America during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.4 %

Shares of NYSE RGA opened at $219.62 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.52. The firm has a market cap of $14.45 billion, a PE ratio of 17.06 and a beta of 0.91. The company’s fifty day simple moving average is $212.96 and its 200 day simple moving average is $203.22. Reinsurance Group of America, Incorporated has a 12-month low of $140.39 and a 12-month high of $227.87.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, August 1st. The insurance provider reported $5.48 EPS for the quarter, beating the consensus estimate of $4.94 by $0.54. Reinsurance Group of America had a return on equity of 15.84% and a net margin of 4.01%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the business posted $4.40 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Reinsurance Group of America, Incorporated will post 21.7 earnings per share for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.89 per share. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, August 9th. This represents a $3.56 annualized dividend and a dividend yield of 1.62%. Reinsurance Group of America’s payout ratio is currently 27.66%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RGA shares. Piper Sandler lifted their price target on shares of Reinsurance Group of America from $228.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Citigroup lifted their target price on Reinsurance Group of America from $194.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. UBS Group raised their price objective on 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. Barclays assumed coverage on Reinsurance Group of America in a report on Wednesday, September 4th. They issued an “overweight” rating and a $255.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Reinsurance Group of America from $208.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $223.33.

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.