Empowered Funds LLC Purchases 8,939 Shares of Reinsurance Group of America, Incorporated $RGA

Empowered Funds LLC grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 732.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,160 shares of the insurance provider’s stock after purchasing an additional 8,939 shares during the quarter. Empowered Funds LLC’s holdings in Reinsurance Group of America were worth $2,074,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. WCM Investment Management LLC boosted its stake in Reinsurance Group of America by 3.0% in the first quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock worth $566,803,000 after buying an additional 82,681 shares in the last quarter. State Street Corp grew its position in Reinsurance Group of America by 2.8% during the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock valued at $450,823,000 after acquiring an additional 64,296 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Reinsurance Group of America by 148.4% during the fourth quarter. AQR Capital Management LLC now owns 1,652,102 shares of the insurance provider’s stock worth $336,137,000 after acquiring an additional 987,014 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Reinsurance Group of America by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,341,364 shares of the insurance provider’s stock worth $272,966,000 after acquiring an additional 12,682 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Reinsurance Group of America by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,114,998 shares of the insurance provider’s stock worth $227,624,000 after acquiring an additional 15,372 shares during the last quarter. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 0.1%

Shares of NYSE RGA opened at $236.51 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.46. Reinsurance Group of America, Incorporated has a 52 week low of $178.21 and a 52 week high of $245.00. The firm’s fifty day moving average is $221.48 and its 200 day moving average is $213.29. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 12.81 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.39. The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.67 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.72 EPS. On average, equities research analysts expect that Reinsurance Group of America, Incorporated will post 26.84 earnings per share for the current year.

Analysts Set New Price Targets

RGA has been the subject of a number of research reports. UBS Group raised shares of Reinsurance Group of America from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Barclays lifted their target price on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Reinsurance Group of America in a research note on Wednesday, May 13th. TD Cowen upped their price target on shares of Reinsurance Group of America from $212.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler reduced 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, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.00.

Insider Activity

In related news, 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 sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. This trade represents a 64.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John W. Hayden sold 414 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

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.