Reinsurance Group of America, Incorporated (NYSE:RGA) Shares Purchased by Xponance Inc.

Xponance Inc. grew its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,235 shares of the insurance provider’s stock after acquiring an additional 115 shares during the period. Xponance Inc.’s holdings in Reinsurance Group of America were worth $1,332,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC lifted its position in shares of Reinsurance Group of America by 116.3% during the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. Toth Financial Advisory Corp raised its stake in Reinsurance Group of America by 41.2% during the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. Covestor Ltd lifted its holdings in Reinsurance Group of America by 532.8% during the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after buying an additional 357 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Reinsurance Group of America in the 4th quarter worth approximately $72,000. Finally, Signaturefd LLC increased its holdings in shares of Reinsurance Group of America by 61.9% in the 3rd quarter. Signaturefd LLC now owns 701 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 268 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 0.5 %

NYSE:RGA opened at $191.01 on Thursday. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 14.22 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The business has a fifty day moving average of $183.66 and a 200-day moving average of $168.79.

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

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders 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 yield of 1.78%. Reinsurance Group of America’s dividend payout ratio (DPR) is 25.32%.

Insider Activity

In related news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the transaction, the executive vice president now owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP William L. Hutton sold 1,588 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the completion of the sale, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. UBS Group lifted their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 target price on shares of Reinsurance Group of America in a report on Friday, April 12th. Finally, Piper Sandler upped their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Two 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.38.

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.