Savant Capital LLC Reduces Stock Holdings in Reinsurance Group of America, Incorporated $RGA

Savant Capital LLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 79.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,260 shares of the insurance provider’s stock after selling 4,748 shares during the quarter. Savant Capital LLC’s holdings in Reinsurance Group of America were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RGA. Activest Wealth Management bought a new position in shares of Reinsurance Group of America in the fourth quarter worth about $30,000. International Assets Investment Management LLC bought a new position in shares of Reinsurance Group of America in the fourth quarter worth about $35,000. Advisory Services Network LLC bought a new position in shares of Reinsurance Group of America in the third quarter worth about $38,000. Entrust Financial LLC bought a new position in shares of Reinsurance Group of America in the fourth quarter worth about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Reinsurance Group of America by 632.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock worth $42,000 after buying an additional 177 shares during the period. 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 company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction on 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 owned 3,938 shares of the company’s stock, valued at $829,264.04. This represents a 64.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RGA shares. Piper Sandler decreased their target price 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, May 11th. UBS Group lifted their target price on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Evercore reissued an “outperform” rating and set a $267.00 target price on shares of Reinsurance Group of America in a research note on Monday, May 18th. Morgan Stanley lifted their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock opened at $204.97 on Monday. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 11.10 and a beta of 0.47. 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 50 day moving average price of $207.87 and a 200-day moving average price of $205.09. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates 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%.The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.66 EPS. Equities analysts expect that Reinsurance Group of America, Incorporated will post 26.88 EPS for the current year.

Reinsurance Group of America Dividend Announcement

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