SG Americas Securities LLC Sells 15,886 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

SG Americas Securities LLC lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 88.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,001 shares of the insurance provider’s stock after selling 15,886 shares during the quarter. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $324,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC raised 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 period. Janiczek Wealth Management LLC raised its holdings in Reinsurance Group of America by 8,400.0% during the third quarter. Janiczek Wealth Management LLC now owns 255 shares of the insurance provider’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock valued at $40,000 after buying an additional 119 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Reinsurance Group of America by 59.1% during the second quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider’s stock valued at $49,000 after buying an additional 130 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in shares of Reinsurance Group of America during the second quarter worth about $54,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

NYSE RGA opened at $194.94 on Tuesday. The company has a market capitalization of $12.82 billion, a PE ratio of 14.52 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 52-week low of $132.72 and a 52-week high of $195.88. The company has a 50-day simple moving average of $179.63 and a 200 day simple moving average of $165.52.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the business posted $2.99 EPS. Reinsurance Group of America’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 19.38 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a $0.85 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.74%. Reinsurance Group of America’s payout ratio is presently 25.32%.

Insider Activity

In related news, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the sale, the executive vice president now owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total transaction of $542,422.08. Following the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of Reinsurance Group of America stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the transaction, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock valued at $1,162,239 in the last 90 days. Insiders own 1.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RGA shares. JPMorgan Chase & Co. lifted their price target on Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. UBS Group upped their price target on Reinsurance Group of America from $191.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $200.00 price objective on shares of Reinsurance Group of America in a research note on Tuesday, March 26th. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $186.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Piper Sandler raised their price target on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $184.00.

Reinsurance Group of America Company 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.