Strs Ohio Purchases 2,016 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Strs Ohio grew its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,175 shares of the insurance provider’s stock after acquiring an additional 2,016 shares during the quarter. Strs Ohio’s holdings in Reinsurance Group of America were worth $2,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toth Financial Advisory Corp increased its holdings in shares of 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 acquiring an additional 70 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Reinsurance Group of America by 3.3% during the first quarter. CIBC Asset Management Inc now owns 2,183 shares of the insurance provider’s stock worth $290,000 after buying an additional 70 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Reinsurance Group of America by 2.0% during the third quarter. Integrated Investment Consultants LLC now owns 3,830 shares of the insurance provider’s stock worth $556,000 after buying an additional 76 shares in the last quarter. Tectonic Advisors LLC grew its holdings in Reinsurance Group of America by 4.3% during the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock worth $320,000 after buying an additional 82 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in Reinsurance Group of America by 2.5% during the second quarter. Captrust Financial Advisors now owns 3,820 shares of the insurance provider’s stock worth $448,000 after buying an additional 93 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 2.2 %

Shares of RGA stock opened at $186.52 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $182.34 and its two-hundred day simple moving average is $167.64. The company has a market cap of $12.27 billion, a PE ratio of 13.89 and a beta of 0.89.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data 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 return on equity of 16.20% and a net margin of 4.86%. The business had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the business posted $2.99 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts predict that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current year.

Reinsurance Group of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. The ex-dividend date was Monday, February 12th. This represents a $3.40 dividend on an annualized basis and a yield of 1.82%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 13,625 shares in the company, valued at $2,341,183.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP William L. Hutton sold 1,588 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,341,183.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 49,549 shares in the company, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock worth $1,162,239 over the last ninety days. Company insiders own 1.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RGA shares. Piper Sandler upped their price target on Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods upped their price target on Reinsurance Group of America from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company upped their price target on Reinsurance Group of America from $193.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $212.00 price target on shares of Reinsurance Group of America in a report on Friday, April 12th. Finally, Morgan Stanley increased their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.38.

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.