302 Shares in Reinsurance Group of America, Incorporated $RGA Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH bought a new position in Reinsurance Group of America, Incorporated (NYSE:RGA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 302 shares of the insurance provider’s stock, valued at approximately $60,000.

Several other hedge funds also recently bought and sold shares of RGA. Blue Trust Inc. boosted its holdings in shares of Reinsurance Group of America by 11.1% during the 2nd quarter. Blue Trust Inc. now owns 4,426 shares of the insurance provider’s stock valued at $878,000 after purchasing an additional 442 shares during the last quarter. Monument Capital Management boosted its holdings in shares of Reinsurance Group of America by 3.7% during the 2nd quarter. Monument Capital Management now owns 14,317 shares of the insurance provider’s stock valued at $2,840,000 after purchasing an additional 510 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new position in shares of Reinsurance Group of America during the 2nd quarter valued at about $209,000. IFP Advisors Inc boosted its holdings in shares of Reinsurance Group of America by 93.9% during the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 138 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in shares of Reinsurance Group of America during the 2nd quarter valued at about $202,000. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $191.79 on Monday. The firm has a market cap of $12.68 billion, a PE ratio of 16.65 and a beta of 0.60. The firm’s 50 day simple moving average is $190.72 and its 200-day simple moving average is $193.22. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.16 and a current ratio of 0.16.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, July 31st. The insurance provider reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.58 by ($0.86). Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the business posted $5.48 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, August 12th. This is an increase from Reinsurance Group of America’s previous quarterly dividend of $0.89. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. Reinsurance Group of America’s payout ratio is presently 32.29%.

Analyst Ratings Changes

RGA has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Barclays reissued an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Reinsurance Group of America from $237.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $241.56.

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.