Reinsurance Group of America, Incorporated $RGA Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 64.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,284 shares of the insurance provider’s stock after selling 13,371 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Reinsurance Group of America were worth $1,399,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RGA. Richard W. Paul & Associates LLC boosted its holdings in Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock worth $302,000 after buying an additional 54 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after acquiring an additional 58 shares during the period. Oakworth Capital Inc. boosted its stake in shares of Reinsurance Group of America by 32.4% during the 2nd quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 60 shares in the last quarter. Paulson Wealth Management Inc. grew its position in shares of Reinsurance Group of America by 4.5% during the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock valued at $311,000 after acquiring an additional 67 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Reinsurance Group of America by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock valued at $401,000 after acquiring an additional 69 shares during the period. 95.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RGA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Barclays set a $237.00 target price on Reinsurance Group of America in a research note on Thursday, January 8th. Morgan Stanley set a $208.00 price target on shares of Reinsurance Group of America in a research note on Monday, December 15th. Keefe, Bruyette & Woods reduced their price objective on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Reinsurance Group of America from $237.00 to $238.00 and gave the company an “overweight” rating in a report on Tuesday. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $238.67.

Reinsurance Group of America Trading Down 1.1%

Shares of RGA stock opened at $194.57 on Friday. 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 debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The stock’s fifty day moving average is $196.77 and its two-hundred day moving average is $193.16. The firm has a market capitalization of $12.79 billion, a P/E ratio of 14.97 and a beta of 0.55.

Reinsurance Group of America (NYSE:RGA) last issued its earnings results on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.57. The business had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $6.13 earnings per share. Research analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s payout ratio is currently 28.62%.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.