Reinsurance Group of America, Incorporated $RGA Stock Bought by Leuthold Group LLC

Leuthold Group LLC lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 94.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,315 shares of the insurance provider’s stock after purchasing an additional 15,657 shares during the quarter. Leuthold Group LLC’s holdings in Reinsurance Group of America were worth $7,957,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. WCM Investment Management LLC raised its position in Reinsurance Group of America by 3.0% in the 1st quarter. WCM Investment Management LLC now owns 2,830,620 shares of the insurance provider’s stock valued at $566,803,000 after buying an additional 82,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Reinsurance Group of America by 1.4% during 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. Sei Investments Co. boosted its position in Reinsurance Group of America by 1.0% during the 1st quarter. Sei Investments Co. now owns 837,391 shares of the insurance provider’s stock worth $170,960,000 after acquiring an additional 8,221 shares during the last quarter. First Trust Advisors LP boosted its position in Reinsurance Group of America by 5.1% during the 1st quarter. First Trust Advisors LP now owns 479,000 shares of the insurance provider’s stock worth $97,793,000 after acquiring an additional 23,105 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Reinsurance Group of America by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 417,970 shares of the insurance provider’s stock worth $85,333,000 after acquiring an additional 2,493 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on RGA shares. Barclays set a $292.00 price objective on shares of Reinsurance Group of America in a report on Thursday, October 8th. Piper Sandler boosted their price objective on shares of Reinsurance Group of America from $274.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $291.00 to $292.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Morgan Stanley raised shares of Reinsurance Group of America from an “equal weight” rating to an “overweight” rating and set a $295.00 target price for the company in a research report on Monday, September 28th. Finally, TD Cowen raised their target price on shares of Reinsurance Group of America from $235.00 to $250.00 and gave the company a “hold” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $278.62.

Reinsurance Group of America Stock Performance

RGA opened at $267.00 on Tuesday. Reinsurance Group of America, Incorporated has a 52-week low of $182.73 and a 52-week high of $272.44. The firm has a market capitalization of $17.44 billion, a PE ratio of 8.89 and a beta of 0.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.14 and a current ratio of 0.14. The business’s 50-day simple moving average is $255.58 and its 200 day simple moving average is $226.69.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, November 5th. The insurance provider reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $1.52. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $6.69 billion. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%. During the same period last year, the company earned $6.37 earnings per share. As a group, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 29.78 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, November 17th. Reinsurance Group of America’s dividend payout ratio is presently 15.15%.

Insider Activity at Reinsurance Group of America

In other news, EVP Jonathan Porter sold 8,589 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $246.30, for a total value of $2,115,470.70. Following the completion of the sale, the executive vice president owned 14,885 shares of the company’s stock, valued at approximately $3,666,175.50. This represents a 36.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (RGA) is a global life and health reinsurer. It works with insurance companies to help them manage risks and support the development and distribution of insurance products.

Its services include life and health reinsurance, as well as solutions involving longevity risk and asset-intensive reinsurance. RGA also provides underwriting expertise, data and analytics, and product and risk-management support to its clients.

Founded in 1973, RGA serves clients across North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.