Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Sold by Wealth Alliance

Wealth Alliance lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,389 shares of the insurance provider’s stock after selling 97 shares during the quarter. Wealth Alliance’s holdings in Reinsurance Group of America were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Reinsurance Group of America by 7.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,961 shares of the insurance provider’s stock valued at $1,288,000 after purchasing an additional 539 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Reinsurance Group of America by 33.2% in the 4th quarter. Quadrant Capital Group LLC now owns 582 shares of the insurance provider’s stock valued at $94,000 after buying an additional 145 shares in the last quarter. Norges Bank purchased a new stake in Reinsurance Group of America in the 4th quarter valued at approximately $122,301,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Reinsurance Group of America by 454.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,770 shares of the insurance provider’s stock valued at $448,000 after buying an additional 2,270 shares during the last quarter. Finally, UBS Group AG increased its position in Reinsurance Group of America by 64.7% during the fourth quarter. UBS Group AG now owns 115,271 shares of the insurance provider’s stock worth $18,649,000 after buying an additional 45,303 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 0.1 %

Shares of RGA opened at $218.74 on Friday. The firm has a market cap of $14.41 billion, a PE ratio of 17.00 and a beta of 0.91. 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 company’s fifty day moving average is $212.82 and its two-hundred day moving average is $202.93. Reinsurance Group of America, Incorporated has a fifty-two week low of $140.39 and a fifty-two week high of $227.87.

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

Reinsurance Group of America Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were issued a $0.89 dividend. This is a positive change from Reinsurance Group of America’s previous quarterly dividend of $0.85. The ex-dividend date was Friday, August 9th. This represents a $3.56 annualized dividend and a yield of 1.63%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 27.66%.

Analyst Upgrades and Downgrades

RGA has been the topic of a number of analyst reports. Piper Sandler increased their price objective on Reinsurance Group of America from $228.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Jefferies Financial Group raised their price target on shares of Reinsurance Group of America from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Barclays began coverage on shares of Reinsurance Group of America in a report on Wednesday, September 4th. They set an “overweight” rating and a $255.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $236.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Finally, UBS Group lifted their target price 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. Three 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $223.33.

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.