Reinsurance Group of America, Incorporated $RGA Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,547 shares of the insurance provider’s stock after selling 3,486 shares during the quarter. US Bancorp DE owned about 0.06% of Reinsurance Group of America worth $7,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vest Financial LLC boosted its holdings in shares of Reinsurance Group of America by 17.8% during the fourth quarter. Vest Financial LLC now owns 30,022 shares of the insurance provider’s stock valued at $6,108,000 after acquiring an additional 4,546 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Reinsurance Group of America by 45.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,706 shares of the insurance provider’s stock valued at $1,161,000 after acquiring an additional 1,794 shares during the period. R Squared Ltd boosted its holdings in shares of Reinsurance Group of America by 24.0% during the fourth quarter. R Squared Ltd now owns 3,764 shares of the insurance provider’s stock valued at $766,000 after acquiring an additional 729 shares during the period. M&T Bank Corp boosted its holdings in shares of Reinsurance Group of America by 3.8% during the fourth quarter. M&T Bank Corp now owns 4,443 shares of the insurance provider’s stock valued at $904,000 after acquiring an additional 164 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Reinsurance Group of America by 14.4% during the fourth quarter. Comerica Bank now owns 28,739 shares of the insurance provider’s stock valued at $5,847,000 after acquiring an additional 3,616 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

RGA stock opened at $209.02 on Monday. The company has a market capitalization of $13.69 billion, a P/E ratio of 11.78 and a beta of 0.50. The company has a 50-day simple moving average of $208.13 and a 200 day simple moving average of $201.65. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. The business had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.99 earnings per share. Sell-side analysts predict that Reinsurance Group of America, Incorporated will post 26.27 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, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is presently 20.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RGA shares. Barclays boosted their price target on shares of Reinsurance Group of America from $245.00 to $256.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. UBS Group upped their price objective on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $263.00 price objective on shares of Reinsurance Group of America in a report on Friday, February 6th. Finally, Wells Fargo & Company upped their price objective on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.71.

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.