Sequoia Financial Advisors LLC Has $1.35 Million Stock Position in Reinsurance Group of America, Incorporated $RGA

Sequoia Financial Advisors LLC grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 50.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,598 shares of the insurance provider’s stock after purchasing an additional 2,216 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Reinsurance Group of America were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Reinsurance Group of America by 44.3% during the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock worth $43,554,000 after buying an additional 67,880 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Reinsurance Group of America by 121.2% in the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after buying an additional 1,466 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Reinsurance Group of America by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of Reinsurance Group of America during the 2nd quarter worth about $1,006,000. Finally, Cerity Partners LLC increased its holdings in shares of Reinsurance Group of America by 15.5% during the 2nd quarter. Cerity Partners LLC now owns 33,716 shares of the insurance provider’s stock valued at $6,688,000 after acquiring an additional 4,527 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $210.58, for a total value of $1,474,060.00. Following the completion of the sale, the executive vice president directly owned 3,938 shares of the company’s stock, valued at $829,264.04. This represents a 64.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John W. Hayden sold 414 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the completion of the sale, the executive vice president owned 20,949 shares in the company, valued at $4,502,987.55. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Reinsurance Group of America from $220.00 to $236.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their price target on Reinsurance Group of America from $261.00 to $269.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Barclays lifted their price target on shares of Reinsurance Group of America from $268.00 to $278.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Evercore restated an “outperform” rating and issued a $267.00 price objective on shares of Reinsurance Group of America in a research note on Monday, May 18th. Finally, Piper Sandler lowered their target price on shares of 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. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.50.

Reinsurance Group of America Stock Performance

RGA opened at $239.36 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. The stock’s 50 day moving average price is $213.34 and its two-hundred day moving average price is $209.42. The firm has a market capitalization of $15.68 billion, a P/E ratio of 12.97 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 12-month low of $165.52 and a 12-month high of $240.83.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $6.97 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.47 billion. During the same period in the previous year, the company earned $5.66 earnings per share. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities analysts forecast that Reinsurance Group of America, Incorporated will post 26.86 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is presently 20.15%.

Reinsurance Group of America Company 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.