Cerity Partners LLC Has $2.74 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Cerity Partners LLC lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 725.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,948 shares of the insurance provider’s stock after acquiring an additional 14,894 shares during the period. Cerity Partners LLC’s holdings in Reinsurance Group of America were worth $2,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC raised its position in Reinsurance Group of America by 2.3% in the 4th quarter. Mutual of America Capital Management LLC now owns 55,160 shares of the insurance provider’s stock valued at $8,924,000 after buying an additional 1,225 shares during the last quarter. Graphene Investments SAS acquired a new stake in shares of Reinsurance Group of America in the fourth quarter valued at approximately $3,122,000. Toth Financial Advisory Corp lifted its position in shares of Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Tobam boosted its holdings in Reinsurance Group of America by 53.9% during the fourth quarter. Tobam now owns 3,063 shares of the insurance provider’s stock worth $496,000 after purchasing an additional 1,073 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Reinsurance Group of America by 16,078.1% in the fourth quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock valued at $3,586,000 after purchasing an additional 22,027 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a research report on Friday, April 12th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group raised their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $194.38.

Reinsurance Group of America Stock Up 1.2 %

Reinsurance Group of America stock opened at $182.40 on Friday. The company’s 50-day moving average price is $181.96 and its two-hundred day moving average price is $167.34. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market cap of $12.00 billion, a P/E ratio of 13.58 and a beta of 0.89. Reinsurance Group of America, Incorporated has a twelve month low of $133.13 and a twelve month high of $196.25.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.99 earnings per share. As a group, analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.86%. Reinsurance Group of America’s payout ratio is presently 25.32%.

Insider Activity at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. Corporate insiders own 1.31% of the company’s stock.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.