Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Position Raised by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lifted its position in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 243,508 shares of the insurance provider’s stock after buying an additional 5,188 shares during the period. Vaughan David Investments LLC IL’s holdings in Reinsurance Group of America were worth $39,395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RGA. JPMorgan Chase & Co. grew its stake in shares of Reinsurance Group of America by 27.3% in the 1st quarter. JPMorgan Chase & Co. now owns 132,902 shares of the insurance provider’s stock valued at $14,548,000 after buying an additional 28,536 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Reinsurance Group of America by 13.0% during the 1st quarter. Private Advisor Group LLC now owns 2,817 shares of the insurance provider’s stock worth $309,000 after purchasing an additional 324 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Reinsurance Group of America by 11.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,323 shares of the insurance provider’s stock valued at $4,428,000 after purchasing an additional 4,073 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Reinsurance Group of America by 20.9% in the 1st quarter. Baird Financial Group Inc. now owns 10,421 shares of the insurance provider’s stock valued at $1,141,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Reinsurance Group of America by 47.8% in the first quarter. Parkside Financial Bank & Trust now owns 368 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 119 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

Shares of Reinsurance Group of America stock traded down $0.58 during midday trading on Friday, hitting $184.32. 290,443 shares of the company were exchanged, compared to its average volume of 344,995. The firm has a 50 day simple moving average of $180.55 and a 200-day simple moving average of $166.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $12.12 billion, a P/E ratio of 13.72 and a beta of 0.89. Reinsurance Group of America, Incorporated has a 52 week low of $133.13 and a 52 week high of $196.25.

Reinsurance Group of America (NYSE:RGAGet Free Report) last issued its earnings results on Friday, February 2nd. The insurance provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.40 by $0.33. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.57 billion. Reinsurance Group of America had a net margin of 4.86% and a return on equity of 16.20%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.99 EPS. Research analysts forecast that Reinsurance Group of America, Incorporated will post 19.38 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, February 27th. Stockholders of record on Tuesday, February 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, February 12th. Reinsurance Group of America’s payout ratio is currently 25.32%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI boosted their price target on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group increased their price target on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday. Keefe, Bruyette & Woods raised their target price on shares of Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Piper Sandler boosted their target price on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.23.

Check Out Our Latest Research Report on RGA

Insider Buying and Selling

In other news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the completion of the sale, the chief financial officer now directly owns 49,549 shares in the company, valued at $9,061,521.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Hutton sold 1,908 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the sale, the executive vice president now owns 13,363 shares of the company’s stock, valued at approximately $2,429,927.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock worth $1,162,239 in the last three months. Insiders own 1.31% of the company’s stock.

Reinsurance Group of America Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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