Principal Securities Inc. Invests $516,000 in Reinsurance Group of America, Incorporated (NYSE:RGA)

Principal Securities Inc. acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,190 shares of the insurance provider’s stock, valued at approximately $516,000.

A number of other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp boosted its stake in Reinsurance Group of America by 41.2% during the 4th 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 during the period. Tectonic Advisors LLC boosted its position in shares of 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 during the period. Lindbrook Capital LLC grew its holdings in Reinsurance Group of America by 129.9% in the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Private Advisor Group LLC raised its stake in Reinsurance Group of America by 2.2% during the 4th quarter. Private Advisor Group LLC now owns 4,246 shares of the insurance provider’s stock valued at $687,000 after acquiring an additional 92 shares in the last quarter. Finally, Aspire Private Capital LLC raised its stake in Reinsurance Group of America by 4.8% during the 3rd quarter. Aspire Private Capital LLC now owns 2,246 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 103 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RGA has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI upped their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company lifted their price target on Reinsurance Group of America from $210.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Piper Sandler upped their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus target price of $197.31.

Get Our Latest Stock Analysis on Reinsurance Group of America

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $207.08 on Wednesday. Reinsurance Group of America, Incorporated has a fifty-two week low of $135.07 and a fifty-two week high of $210.00. The stock’s 50-day moving average is $190.13 and its two-hundred day moving average is $173.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $13.62 billion, a P/E ratio of 16.09 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGAGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates 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 last year, the firm earned $5.16 earnings per share. Analysts predict that Reinsurance Group of America, Incorporated will post 20.48 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s payout ratio is 26.42%.

Insider Buying and Selling at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of the company’s 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 in the company, valued at approximately $9,061,521.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 transaction of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William L. Hutton sold 1,908 shares of the business’s 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 transaction, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. 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 three months. Corporate insiders own 1.37% of the company’s stock.

Reinsurance Group of America Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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