Fox Run Management L.L.C. Sells 1,697 Shares of Reinsurance Group of America, Incorporated $RGA

Fox Run Management L.L.C. trimmed its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 48.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,815 shares of the insurance provider’s stock after selling 1,697 shares during the quarter. Fox Run Management L.L.C.’s holdings in Reinsurance Group of America were worth $360,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RGA. TCTC Holdings LLC boosted its stake in shares of Reinsurance Group of America by 107.2% in the 1st quarter. TCTC Holdings LLC now owns 172 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Reinsurance Group of America by 357.1% in the first 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 period. SouthState Corp bought a new position in Reinsurance Group of America in the first quarter valued at approximately $48,000. Oakworth Capital Inc. boosted its stake in Reinsurance Group of America by 32.4% in the second quarter. Oakworth Capital Inc. now owns 245 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 60 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Reinsurance Group of America by 93.9% during the 2nd quarter. IFP Advisors Inc now owns 285 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 138 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Trading Up 2.4%

NYSE RGA opened at $190.38 on Thursday. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $233.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $12.51 billion, a P/E ratio of 16.53 and a beta of 0.62. The stock’s 50-day moving average is $190.41 and its 200-day moving average is $194.08.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a return on equity of 12.56% and a net margin of 3.54%.The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm earned $6.13 EPS. Reinsurance Group of America’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, November 10th. Reinsurance Group of America’s dividend payout ratio is 28.62%.

Analyst Upgrades and Downgrades

RGA has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of Reinsurance Group of America in a research report on Tuesday, October 7th. Morgan Stanley cut their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Finally, Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a report on Friday, October 17th. Seven investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $239.89.

About Reinsurance Group of America

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.