Reinsurance Group of America, Incorporated (NYSE:RGA) Stock Holdings Trimmed by Foster & Motley Inc.

Foster & Motley Inc. lessened its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,320 shares of the insurance provider’s stock after selling 1,267 shares during the period. Foster & Motley Inc.’s holdings in Reinsurance Group of America were worth $1,670,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its position in shares of Reinsurance Group of America by 129.9% during the 4th quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 87 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Reinsurance Group of America by 116.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Reinsurance Group of America by 41.2% in the 4th quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares during the period. Covestor Ltd grew its position in shares of Reinsurance Group of America by 532.8% during the 3rd quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after buying an additional 357 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new stake in Reinsurance Group of America during the fourth quarter worth about $72,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. UBS Group upped their price objective on Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Piper Sandler raised their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Morgan Stanley boosted their price target on shares of Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Reinsurance Group of America from $170.00 to $189.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.38.

Reinsurance Group of America Trading Up 0.5 %

Reinsurance Group of America stock opened at $189.63 on Tuesday. Reinsurance Group of America, Incorporated has a 12-month low of $133.13 and a 12-month high of $196.25. 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 stock has a market capitalization of $12.48 billion, a PE ratio of 14.06 and a beta of 0.89. The firm has a 50 day simple moving average of $182.75 and a 200-day simple moving average of $168.32.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the company posted $2.99 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts expect that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 25.32%.

Insider Buying and Selling at Reinsurance Group of America

In other news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares of the company’s stock, valued at approximately $9,061,521.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Todd C. Larson sold 2,966 shares of Reinsurance Group of America stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now directly owns 49,549 shares in the company, valued at approximately $9,061,521.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Hutton sold 1,908 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $181.84, for a total value of $346,950.72. Following the sale, the executive vice president now directly owns 13,363 shares of the company’s stock, valued at $2,429,927.92. The disclosure for this sale can be found here. In the last three months, insiders sold 6,462 shares of company stock valued at $1,162,239. 1.37% of the stock is owned by insiders.

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.