B. Metzler seel. Sohn & Co. AG Has $11.82 Million Stake in Reinsurance Group of America, Incorporated $RGA

B. Metzler seel. Sohn & Co. AG lowered its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,500 shares of the insurance provider’s stock after selling 2,450 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.09% of Reinsurance Group of America worth $11,816,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC increased its position in Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Root Financial Partners LLC bought a new position in Reinsurance Group of America in the 3rd quarter valued at approximately $33,000. LRI Investments LLC boosted its position in Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after buying an additional 77 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Reinsurance Group of America in the second quarter valued at approximately $57,000. Finally, Avalon Trust Co bought a new stake in shares of Reinsurance Group of America during the third quarter worth $58,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RGA. Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the stock an “overweight” rating in a report on Friday, February 6th. Piper Sandler restated an “overweight” rating and set a $263.00 price objective on shares of Reinsurance Group of America in a research report on Friday, February 6th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $247.75.

Reinsurance Group of America Price Performance

RGA stock opened at $207.59 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 11.70 and a beta of 0.50. The company’s fifty day simple moving average is $207.88 and its 200 day simple moving average is $197.88. Reinsurance Group of America, Incorporated has a 12-month low of $159.25 and a 12-month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.86 by $1.89. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The business’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $4.99 EPS. On average, analysts expect that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s payout ratio is presently 20.96%.

Reinsurance Group of America Profile

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.