Atria Investments Inc Sells 2,183 Shares of Reinsurance Group of America, Incorporated $RGA

Atria Investments Inc cut its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,138 shares of the insurance provider’s stock after selling 2,183 shares during the period. Atria Investments Inc’s holdings in Reinsurance Group of America were worth $2,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RGA. Cornerstone Planning Group LLC increased its holdings in shares of Reinsurance Group of America by 224.1% in the first quarter. Cornerstone Planning Group LLC now owns 175 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 121 shares in the last quarter. TCTC Holdings LLC lifted its holdings in Reinsurance Group of America by 107.2% during the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock worth $34,000 after buying an additional 89 shares in the last quarter. Headlands Technologies LLC boosted its position in Reinsurance Group of America by 357.1% in the 1st quarter. Headlands Technologies LLC now owns 224 shares of the insurance provider’s stock valued at $44,000 after buying an additional 175 shares during the last quarter. SouthState Corp acquired a new stake in shares of Reinsurance Group of America in the 1st quarter valued at $48,000. Finally, Oakworth Capital Inc. raised its position in shares of Reinsurance Group of America by 32.4% during the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 60 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Down 0.5%

Shares of NYSE RGA opened at $181.46 on Tuesday. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $233.81. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 15.75 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $191.25 and its 200-day moving average is $194.05.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 EPS for the quarter, topping the consensus estimate of $5.80 by $0.57. The business had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.13 EPS. Equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, November 10th. Reinsurance Group of America’s payout ratio is 28.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RGA shares. Wells Fargo & Company decreased their price target on Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Barclays reaffirmed an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Raymond James Financial downgraded shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research note on Friday, October 17th. Piper Sandler reaffirmed an “overweight” rating on shares of Reinsurance Group of America in a research note on Tuesday, October 7th. Finally, Morgan Stanley dropped their target price on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average target price of $239.89.

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.