Sivia Capital Partners LLC Takes $675,000 Position in Reinsurance Group of America, Incorporated $RGA

Sivia Capital Partners LLC bought a new stake in Reinsurance Group of America, Incorporated (NYSE:RGA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,320 shares of the insurance provider’s stock, valued at approximately $675,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in Reinsurance Group of America by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 570,631 shares of the insurance provider’s stock worth $116,597,000 after acquiring an additional 20,722 shares during the period. ProShare Advisors LLC lifted its holdings in Reinsurance Group of America by 3.2% during the third quarter. ProShare Advisors LLC now owns 182,162 shares of the insurance provider’s stock worth $34,999,000 after acquiring an additional 5,586 shares during the period. Nuance Investments LLC lifted its holdings in Reinsurance Group of America by 30.6% during the third quarter. Nuance Investments LLC now owns 47,334 shares of the insurance provider’s stock worth $9,094,000 after acquiring an additional 11,095 shares during the period. Tudor Investment Corp ET AL lifted its holdings in Reinsurance Group of America by 616.3% during the third quarter. Tudor Investment Corp ET AL now owns 60,870 shares of the insurance provider’s stock worth $11,695,000 after acquiring an additional 52,372 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Reinsurance Group of America by 49.4% during the third quarter. Bank of Montreal Can now owns 252,159 shares of the insurance provider’s stock worth $48,447,000 after acquiring an additional 83,371 shares during the period. Institutional investors own 95.11% of the company’s stock.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the 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 sale, the executive vice president directly owned 3,938 shares in the company, valued at $829,264.04. This represents a 64.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John W. Hayden sold 414 shares of the 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 completion of the sale, the executive vice president 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 SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Reinsurance Group of America Price Performance

Shares of NYSE RGA opened at $197.90 on Friday. The stock has a market cap of $12.96 billion, a PE ratio of 10.72 and a beta of 0.47. 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 debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a fifty day moving average of $207.85 and a 200-day moving average of $204.94.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.94. The company 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%.The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.66 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a $0.93 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Analyst Upgrades and Downgrades

RGA has been the topic of a number of recent analyst reports. Evercore reiterated an “outperform” rating and set a $267.00 price target on shares of Reinsurance Group of America in a report on Monday, May 18th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler dropped their price target on 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. JPMorgan Chase & Co. lifted 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $251.25.

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.