Reinsurance Group of America, Incorporated $RGA Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 56.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,200 shares of the insurance provider’s stock after selling 2,870 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Reinsurance Group of America were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RGA. Richard W. Paul & Associates LLC boosted its position in Reinsurance Group of America by 3.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock worth $302,000 after purchasing an additional 54 shares during the period. Bessemer Group Inc. raised its position in Reinsurance Group of America by 1.0% in the third quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock valued at $1,110,000 after purchasing an additional 58 shares during the period. Xponance Inc. lifted its stake in shares of Reinsurance Group of America by 0.8% during the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after purchasing an additional 58 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Millstone Evans Group LLC boosted its position in shares of Reinsurance Group of America by 82.4% in the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RGA. Morgan Stanley raised their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Piper Sandler reissued an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, February 25th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average target price of $247.75.

Reinsurance Group of America Stock Down 0.5%

Shares of NYSE:RGA opened at $205.75 on Thursday. The company’s fifty day moving average is $208.00 and its two-hundred day moving average is $198.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $229.21. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 11.59 and a beta of 0.50.

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

Reinsurance Group of America Announces Dividend

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