Reinsurance Group of America, Incorporated $RGA Shares Sold by Berry Wealth Group LP

Berry Wealth Group LP reduced its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 32.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,041 shares of the insurance provider’s stock after selling 489 shares during the quarter. Berry Wealth Group LP’s holdings in Reinsurance Group of America were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its position in shares of Reinsurance Group of America by 5.0% in the second quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock worth $521,343,000 after acquiring an additional 125,937 shares in the last quarter. American Century Companies Inc. boosted its position in Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock worth $405,610,000 after purchasing an additional 532,891 shares during the period. Geode Capital Management LLC increased its holdings in Reinsurance Group of America by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock valued at $241,960,000 after purchasing an additional 53,211 shares in the last quarter. Alliancebernstein L.P. raised its position in Reinsurance Group of America by 3.2% in the first quarter. Alliancebernstein L.P. now owns 1,158,803 shares of the insurance provider’s stock valued at $228,168,000 after purchasing an additional 35,781 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Reinsurance Group of America by 17.4% during the first quarter. Dimensional Fund Advisors LP now owns 928,998 shares of the insurance provider’s stock worth $182,909,000 after purchasing an additional 137,620 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley reduced their price target on Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods reduced their target price on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.89.

Reinsurance Group of America Stock Down 0.5%

RGA stock opened at $189.87 on Friday. The stock has a market cap of $12.48 billion, a PE ratio of 16.48 and a beta of 0.62. The firm’s 50-day simple moving average is $189.80 and its 200 day simple moving average is $193.38. Reinsurance Group of America, Incorporated has a fifty-two week low of $159.25 and a fifty-two week high of $232.97. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the business earned $6.13 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $3.72 dividend on an annualized basis and a yield of 2.0%. Reinsurance Group of America’s dividend payout ratio is currently 28.62%.

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.