Pacer Advisors Inc. Increases Stock Position in Reinsurance Group of America, Incorporated $RGA

Pacer Advisors Inc. raised its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 511.0% during the third quarter, HoldingsChannel reports. The firm owned 12,355 shares of the insurance provider’s stock after buying an additional 10,333 shares during the period. Pacer Advisors Inc.’s holdings in Reinsurance Group of America were worth $2,374,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of RGA. Inspire Investing LLC lifted its stake in shares of Reinsurance Group of America by 14.4% in the 3rd quarter. Inspire Investing LLC now owns 11,330 shares of the insurance provider’s stock worth $2,177,000 after acquiring an additional 1,430 shares during the period. Anderson Hoagland & Co. grew its stake in Reinsurance Group of America by 27.3% in the 3rd quarter. Anderson Hoagland & Co. now owns 16,598 shares of the insurance provider’s stock valued at $3,189,000 after acquiring an additional 3,555 shares during the last quarter. Legacy Wealth Asset Management LLC purchased a new position in Reinsurance Group of America during the third quarter worth $427,000. Douglas Lane & Associates LLC increased its position in Reinsurance Group of America by 1.6% during the 3rd quarter. Douglas Lane & Associates LLC now owns 550,190 shares of the insurance provider’s stock worth $105,708,000 after purchasing an additional 8,814 shares in the last quarter. Finally, Trust Point Inc. raised its position in shares of Reinsurance Group of America by 16.1% in the third quarter. Trust Point Inc. now owns 1,230 shares of the insurance provider’s stock valued at $236,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RGA. Piper Sandler increased their price objective on shares of Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Barclays restated an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price objective on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Finally, Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $240.00.

Reinsurance Group of America Stock Performance

Shares of NYSE RGA opened at $205.04 on Wednesday. The business’s 50-day moving average price is $193.39 and its two-hundred day moving average price is $192.79. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97. The company has a market capitalization of $13.47 billion, a P/E ratio of 15.77 and a beta of 0.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.13 and a quick ratio of 0.13.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the firm earned $6.13 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 28.62%.

Reinsurance Group of America 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.