Fulton Bank N.A. Acquires 898 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Fulton Bank N.A. raised its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGAGet Rating) by 48.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,747 shares of the insurance provider’s stock after purchasing an additional 898 shares during the quarter. Fulton Bank N.A.’s holdings in Reinsurance Group of America were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Front Row Advisors LLC lifted its position in Reinsurance Group of America by 49.2% during the first quarter. Front Row Advisors LLC now owns 291 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 96 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Reinsurance Group of America during the first quarter valued at $34,000. Tyler Stone Wealth Management bought a new position in Reinsurance Group of America during the fourth quarter valued at $37,000. Quent Capital LLC bought a new position in Reinsurance Group of America during the fourth quarter valued at $40,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Reinsurance Group of America by 47.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RGA. Morgan Stanley raised their target price on shares of Reinsurance Group of America from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. Piper Sandler raised their target price on shares of Reinsurance Group of America from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 27th. Citigroup began coverage on shares of Reinsurance Group of America in a report on Monday, May 23rd. They issued a “sell” rating and a $110.00 target price for the company. StockNews.com lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, Barclays raised their target price on shares of Reinsurance Group of America from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.27.

Reinsurance Group of America Trading Down 1.1 %

NYSE RGA opened at $129.07 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 32.51 and a beta of 0.95. The company’s 50-day simple moving average is $123.18 and its two-hundred day simple moving average is $116.96. Reinsurance Group of America, Incorporated has a one year low of $94.32 and a one year high of $132.80.

Reinsurance Group of America (NYSE:RGAGet Rating) last posted its earnings results on Thursday, August 4th. The insurance provider reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.08. Reinsurance Group of America had a net margin of 1.66% and a return on equity of 3.02%. During the same quarter in the prior year, the business posted $4.00 EPS. Equities analysts forecast that Reinsurance Group of America, Incorporated will post 13.08 EPS for the current fiscal year.

Reinsurance Group of America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Tuesday, August 16th were given a $0.80 dividend. The ex-dividend date was Monday, August 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.73. Reinsurance Group of America’s payout ratio is presently 80.60%.

Insider Transactions at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,729 shares of Reinsurance Group of America stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $131.15, for a total value of $357,908.35. Following the transaction, the chief financial officer now owns 36,921 shares of the company’s stock, valued at approximately $4,842,189.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.55% of the company’s stock.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Incorporated engages in reinsurance business. It 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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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