Sequoia Financial Advisors LLC Has $892,000 Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Sequoia Financial Advisors LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 119.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,382 shares of the insurance provider’s stock after buying an additional 2,383 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Reinsurance Group of America were worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC grew its stake in shares of Reinsurance Group of America by 3.6% in the third quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock valued at $519,356,000 after buying an additional 94,479 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Reinsurance Group of America by 15.9% during the 3rd quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock worth $455,167,000 after purchasing an additional 324,239 shares during the last quarter. State Street Corp increased its stake in shares of Reinsurance Group of America by 2.8% during the 3rd quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock worth $450,823,000 after purchasing an additional 64,296 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Reinsurance Group of America by 4.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock worth $211,054,000 after purchasing an additional 49,323 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Reinsurance Group of America by 6.6% during the 3rd quarter. Sei Investments Co. now owns 840,884 shares of the insurance provider’s stock worth $161,557,000 after purchasing an additional 51,931 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent analyst reports. Wells Fargo & Company boosted 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 research note on Wednesday, February 25th. TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Piper Sandler dropped their price objective on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley lifted their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, UBS Group lifted 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 research note on Thursday, April 9th. Six 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $249.00.

Reinsurance Group of America Trading Up 1.4%

RGA opened at $210.87 on Friday. The company’s 50 day moving average is $207.03 and its 200-day moving average is $202.90. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $229.21. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $13.81 billion, a P/E ratio of 11.42 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the prior year, the firm earned $5.66 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 26.39 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be 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 is Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.15%.

About Reinsurance Group of America

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.