Reinsurance Group of America, Incorporated $RGA Shares Sold by R Squared Ltd

R Squared Ltd cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 66.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the insurance provider’s stock after selling 2,487 shares during the quarter. R Squared Ltd’s holdings in Reinsurance Group of America were worth $261,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in Reinsurance Group of America in the fourth quarter valued at $30,000. Tobam lifted its position in shares of Reinsurance Group of America by 244.7% during the fourth quarter. Tobam now owns 162 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Reinsurance Group of America in the fourth quarter valued at approximately $35,000. Advisory Services Network LLC purchased a new stake in Reinsurance Group of America during the 3rd quarter worth approximately $38,000. Finally, Entrust Financial LLC purchased a new stake in Reinsurance Group of America during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the stock in a transaction 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 transaction, the executive vice president owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ronald Herrmann sold 7,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 in the company, valued at approximately $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. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on RGA shares. UBS Group increased their price objective on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Reinsurance Group of America from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Piper Sandler reduced their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Barclays lifted their target price on Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.50.

Reinsurance Group of America Trading Down 1.0%

Shares of RGA opened at $227.87 on Thursday. Reinsurance Group of America, Incorporated has a twelve month low of $165.52 and a twelve month high of $232.75. The firm has a market capitalization of $14.93 billion, a P/E ratio of 12.34 and a beta of 0.47. The firm’s 50-day moving average is $210.62 and its two-hundred day moving average is $208.22. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.94. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.Reinsurance Group of America’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.66 earnings per share. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 26.86 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. Stockholders of record on Tuesday, May 19th were given a $0.93 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a dividend yield of 1.6%. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Reinsurance Group of America 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.