International Assets Investment Management LLC Raises Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

International Assets Investment Management LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 16,078.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,164 shares of the insurance provider’s stock after acquiring an additional 22,027 shares during the quarter. International Assets Investment Management LLC’s holdings in Reinsurance Group of America were worth $3,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RGA. VisionPoint Advisory Group LLC increased 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 valued at $31,000 after acquiring an additional 114 shares during the last quarter. Janiczek Wealth Management LLC increased its position in Reinsurance Group of America by 8,400.0% in 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 increased its position in 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 worth $40,000 after buying an additional 119 shares during the last quarter. Harbour Investments Inc. increased its position in Reinsurance Group of America by 59.1% in the second quarter. Harbour Investments Inc. now owns 350 shares of the insurance provider’s stock worth $49,000 after buying an additional 130 shares during the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in Reinsurance Group of America in the second quarter worth $54,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 target price on shares of Reinsurance Group of America in a research report on Friday, April 12th. Morgan Stanley raised their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler lifted their price target on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $180.15 on Thursday. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 13.41 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 52-week low of $133.13 and a 52-week high of $196.25. The stock has a fifty day moving average of $181.66 and a 200 day moving average of $167.23. 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 (NYSE:RGA) last posted its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $2.99 earnings per share. On average, research analysts expect that Reinsurance Group of America, Incorporated will post 19.46 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 25.32%.

Insiders Place Their Bets

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction of $542,422.08. Following the completion of the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, 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 sold a total of 6,462 shares of company stock valued at $1,162,239 over the last 90 days. Insiders own 1.55% of the company’s stock.

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.