SG Americas Securities LLC Grows Holdings in Reinsurance Group of America, Incorporated $RGA

SG Americas Securities LLC boosted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 26.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,847 shares of the insurance provider’s stock after acquiring an additional 18,826 shares during the period. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $18,343,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management bought a new position in Reinsurance Group of America in the 4th quarter worth $30,000. Tobam raised its holdings in Reinsurance Group of America by 244.7% during the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 115 shares during the period. International Assets Investment Management LLC bought a new stake in Reinsurance Group of America during the fourth quarter valued at about $35,000. Advisory Services Network LLC purchased a new position in shares of Reinsurance Group of America in the third quarter valued at about $38,000. Finally, Entrust Financial LLC purchased a new position in shares of Reinsurance Group of America in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Insider Activity

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the sale, the executive vice president directly owned 20,949 shares in the company, valued at $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. The trade was a 64.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their price target on Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Barclays upped their price target on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Finally, Piper Sandler reduced their price target on shares of Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.25.

Reinsurance Group of America Trading Up 0.4%

Shares of RGA opened at $208.56 on Friday. The stock has a market capitalization of $13.66 billion, a PE ratio of 11.30 and a beta of 0.47. The company’s fifty day moving average is $208.69 and its 200 day moving average is $206.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, beating the consensus estimate of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same quarter last year, the business earned $5.66 earnings per share. Reinsurance Group of America’s quarterly revenue was up 23.5% compared to the same quarter last year. Sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.93 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.15%.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.