Xponance Inc. Has $1.33 Million Stock Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Xponance Inc. increased its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,235 shares of the insurance provider’s stock after buying an additional 115 shares during the period. Xponance Inc.’s holdings in Reinsurance Group of America were worth $1,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC raised its stake in shares of Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. Covestor Ltd raised its position in Reinsurance Group of America by 532.8% in the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 357 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Reinsurance Group of America in the 4th quarter worth approximately $72,000. Finally, Signaturefd LLC lifted its holdings in Reinsurance Group of America by 61.9% during the 3rd quarter. Signaturefd LLC now owns 701 shares of the insurance provider’s stock worth $102,000 after buying an additional 268 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RGA shares. Royal Bank of Canada restated an “outperform” rating and set a $212.00 target price on shares of Reinsurance Group of America in a research report on Friday, April 12th. Evercore ISI boosted their price objective on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler upped their target price 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, April 5th. Morgan Stanley lifted their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Stock Performance

Shares of RGA opened at $191.01 on Thursday. The firm has a market cap of $12.57 billion, a P/E ratio of 14.22 and a beta of 0.89. Reinsurance Group of America, Incorporated has a twelve month low of $133.13 and a twelve month high of $196.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50 day moving average price is $183.66 and its two-hundred day moving average price is $168.79.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.40 by $0.33. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the business posted $2.99 earnings per share. On average, analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.40 annualized dividend and a dividend yield of 1.78%. Reinsurance Group of America’s dividend payout ratio is currently 25.32%.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William L. Hutton sold 1,588 shares of the firm’s 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 completion of the transaction, the executive vice president now 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. Over the last three months, insiders sold 6,462 shares of company stock worth $1,162,239. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America 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.