Amalgamated Bank Has $7.46 Million Holdings in Reinsurance Group of America, Incorporated (NYSE:RGA)

Amalgamated Bank lessened its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 5.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,084 shares of the insurance provider’s stock after selling 2,800 shares during the quarter. Amalgamated Bank’s holdings in Reinsurance Group of America were worth $7,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. New York Life Investment Management LLC increased its position in Reinsurance Group of America by 6.9% during the fourth quarter. New York Life Investment Management LLC now owns 7,555 shares of the insurance provider’s stock worth $1,222,000 after buying an additional 486 shares during the last quarter. Jackson Creek Investment Advisors LLC increased its position in Reinsurance Group of America by 101.4% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 6,037 shares of the insurance provider’s stock worth $977,000 after buying an additional 3,040 shares during the last quarter. Convergence Investment Partners LLC acquired a new position in Reinsurance Group of America during the fourth quarter worth approximately $224,000. Alaska Permanent Fund Corp grew its position in shares of Reinsurance Group of America by 0.7% in the fourth quarter. Alaska Permanent Fund Corp now owns 17,504 shares of the insurance provider’s stock valued at $2,832,000 after purchasing an additional 124 shares during the last quarter. Finally, South Dakota Investment Council grew its position in shares of Reinsurance Group of America by 6.0% in the fourth quarter. South Dakota Investment Council now owns 147,933 shares of the insurance provider’s stock valued at $23,933,000 after purchasing an additional 8,357 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price on Reinsurance Group of America from $193.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group upped their target price on Reinsurance Group of America from $198.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley upped their target price on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Reinsurance Group of America from $189.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Piper Sandler upped their target price on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. 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 company. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and a consensus price target of $194.85.

Insiders Place Their Bets

In other Reinsurance Group of America news, CFO Todd C. Larson sold 2,966 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $346,950.72. Following the completion of the transaction, the executive vice president now directly owns 13,363 shares in the company, valued at approximately $2,429,927.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 49,549 shares of the company’s stock, valued at $9,061,521.12. The disclosure for this sale can be found here. Insiders sold 6,462 shares of company stock worth $1,162,239 over the last three months. Insiders own 1.37% of the company’s stock.

Reinsurance Group of America Trading Up 5.5 %

Shares of RGA stock opened at $201.65 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.48. The stock has a market cap of $13.27 billion, a P/E ratio of 15.67 and a beta of 0.88. The stock has a 50 day simple moving average of $186.60 and a 200 day simple moving average of $170.94. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $202.06.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, May 2nd. The insurance provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $4.51 by $1.51. Reinsurance Group of America had a return on equity of 16.49% and a net margin of 4.16%. The firm had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $4.54 billion. During the same period in the prior year, the company earned $5.16 earnings per share. On average, research analysts predict that Reinsurance Group of America, Incorporated will post 19.41 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Monday, May 13th. Reinsurance Group of America’s payout ratio is presently 26.42%.

Reinsurance Group of America Company 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.