Graphene Investments SAS Buys 2,700 Shares of Reinsurance Group of America, Incorporated $RGA

Graphene Investments SAS raised its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,000 shares of the insurance provider’s stock after acquiring an additional 2,700 shares during the quarter. Reinsurance Group of America makes up approximately 2.1% of Graphene Investments SAS’s holdings, making the stock its 19th largest position. Graphene Investments SAS’s holdings in Reinsurance Group of America were worth $3,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Citizens Bank & Trust Co. boosted its holdings in shares of Reinsurance Group of America by 276.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,146 shares of the insurance provider’s stock valued at $1,219,000 after buying an additional 4,515 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Reinsurance Group of America during the second quarter valued at approximately $388,000. Zions Bancorporation National Association UT raised its stake in shares of Reinsurance Group of America by 97.2% in the second quarter. Zions Bancorporation National Association UT now owns 8,177 shares of the insurance provider’s stock worth $1,622,000 after purchasing an additional 4,031 shares during the last quarter. Bahl & Gaynor Inc. raised its position in Reinsurance Group of America by 81.3% in the 2nd quarter. Bahl & Gaynor Inc. now owns 509,770 shares of the insurance provider’s stock worth $101,118,000 after buying an additional 228,538 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of Reinsurance Group of America by 20.9% in the second quarter. Ensign Peak Advisors Inc now owns 528,439 shares of the insurance provider’s stock worth $104,821,000 after acquiring an additional 91,289 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RGA shares. Morgan Stanley set a $208.00 target price on shares of Reinsurance Group of America in a research note on Monday. 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 for the company in a 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. Barclays reiterated an “overweight” rating and issued a $246.00 price target on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Seven 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.33.

Reinsurance Group of America Trading Down 0.7%

Shares of Reinsurance Group of America stock opened at $202.53 on Wednesday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 15.58 and a beta of 0.55. The business has a 50-day moving average price of $190.70 and a 200-day moving average price of $192.52. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $232.97.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.57. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a return on equity of 12.19% and a net margin of 3.89%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $6.13 earnings per share. Equities research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, November 10th. 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.