US Bancorp DE Has $7.89 Million Position in Reinsurance Group of America, Incorporated $RGA

US Bancorp DE lifted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,033 shares of the insurance provider’s stock after buying an additional 3,163 shares during the period. US Bancorp DE’s holdings in Reinsurance Group of America were worth $7,885,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RGA. Richard W. Paul & Associates LLC raised its stake in shares of Reinsurance Group of America by 3.7% during the second quarter. Richard W. Paul & Associates LLC now owns 1,523 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 54 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Reinsurance Group of America by 1.0% during the 3rd quarter. Bessemer Group Inc. now owns 5,776 shares of the insurance provider’s stock worth $1,110,000 after buying an additional 58 shares during the period. Geneos Wealth Management Inc. increased its stake in Reinsurance Group of America by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Millstone Evans Group LLC increased its position in Reinsurance Group of America by 82.4% in the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Finally, Paulson Wealth Management Inc. raised its stake in Reinsurance Group of America by 4.5% during the 2nd quarter. Paulson Wealth Management Inc. now owns 1,569 shares of the insurance provider’s stock worth $311,000 after buying an additional 67 shares during the period. Institutional investors own 95.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RGA shares. Wells Fargo & Company upped their target price on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Piper Sandler reissued an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Barclays set a $245.00 target price on Reinsurance Group of America and gave the stock an “overweight” rating in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.88.

Reinsurance Group of America Price Performance

NYSE RGA opened at $215.72 on Monday. The company has a market cap of $14.14 billion, a PE ratio of 12.15 and a beta of 0.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $207.39 and its two-hundred day simple moving average is $197.15. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $1.89. The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.99 earnings per share. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.96%.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.