Swiss National Bank Trims Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Swiss National Bank cut its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 130,500 shares of the insurance provider’s stock after selling 15,800 shares during the quarter. Swiss National Bank’s holdings in Reinsurance Group of America were worth $21,112,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RGA. Toth Financial Advisory Corp raised its holdings in Reinsurance Group of America by 41.2% in the 4th 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 during the last quarter. Tectonic Advisors LLC increased its stake in Reinsurance Group of America by 4.3% in the fourth quarter. Tectonic Advisors LLC now owns 1,979 shares of the insurance provider’s stock valued at $320,000 after purchasing an additional 82 shares during the last quarter. Lindbrook Capital LLC lifted its position in Reinsurance Group of America by 129.9% during the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares during the period. Aspire Private Capital LLC boosted its stake in Reinsurance Group of America by 4.8% in the 3rd quarter. Aspire Private Capital LLC now owns 2,246 shares of the insurance provider’s stock worth $326,000 after buying an additional 103 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its holdings in Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Up 2.2 %

RGA opened at $207.74 on Thursday. The firm’s 50 day moving average is $188.33 and its 200-day moving average is $172.07. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $208.39. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.67 billion, a P/E ratio of 16.14 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings results on Friday, May 3rd. The insurance provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $4.54 billion. Reinsurance Group of America had a net margin of 4.16% and a return on equity of 15.94%. During the same quarter in the previous year, the firm posted $5.16 EPS. Analysts expect 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. Investors of record on Tuesday, May 14th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s dividend payout ratio is currently 26.42%.

Analyst Ratings Changes

Several research firms recently issued reports on RGA. UBS Group raised their target price on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Piper Sandler upped their price objective 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. Evercore ISI lifted their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Morgan Stanley upped their price target on Reinsurance Group of America from $178.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

Insider Buying and Selling at Reinsurance Group of America

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 transaction of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP William L. Hutton sold 1,908 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total value of $346,950.72. Following the completion of the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William L. Hutton sold 1,588 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the sale, the executive vice president now owns 13,625 shares in the company, 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 worth $1,162,239 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

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.