Cwm LLC Raises Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Cwm LLC raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 34.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 924 shares of the insurance provider’s stock after acquiring an additional 237 shares during the quarter. Cwm LLC’s holdings in Reinsurance Group of America were worth $149,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Reinsurance Group of America by 1.3% in the third quarter. Raymond James & Associates now owns 216,578 shares of the insurance provider’s stock worth $31,445,000 after buying an additional 2,825 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Reinsurance Group of America by 54.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,418 shares of the insurance provider’s stock worth $932,000 after buying an additional 2,267 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Reinsurance Group of America by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 918,023 shares of the insurance provider’s stock valued at $133,288,000 after purchasing an additional 13,229 shares during the period. Mackenzie Financial Corp boosted its holdings in Reinsurance Group of America by 47.5% in the 3rd quarter. Mackenzie Financial Corp now owns 12,880 shares of the insurance provider’s stock valued at $1,833,000 after purchasing an additional 4,148 shares during the last quarter. Finally, Advisor Partners II LLC increased its holdings in shares of Reinsurance Group of America by 15.7% during the 3rd quarter. Advisor Partners II LLC now owns 5,999 shares of the insurance provider’s stock worth $871,000 after buying an additional 814 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RGA has been the topic of a number of research analyst reports. Royal Bank of Canada restated 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. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI lifted their price target on shares of Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group upped their price objective on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Piper Sandler boosted their target price 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. Two 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.85.

Reinsurance Group of America Stock Performance

Shares of Reinsurance Group of America stock opened at $201.65 on Monday. The business has a 50-day simple moving average of $186.60 and a 200-day simple moving average of $171.07. The company has a market cap of $13.27 billion, a PE ratio of 15.67 and a beta of 0.88. Reinsurance Group of America, Incorporated has a one year low of $133.13 and a one year high of $202.06. 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 announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 16.49%. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the prior year, the firm posted $5.16 EPS. On average, equities research analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is presently 26.42%.

Insiders Place Their Bets

In other news, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock valued at $1,162,239 in the last ninety days. Insiders own 1.37% of the company’s stock.

About Reinsurance Group of America

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.