Sei Investments Co. Acquires 51,931 Shares of Reinsurance Group of America, Incorporated $RGA

Sei Investments Co. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 840,884 shares of the insurance provider’s stock after acquiring an additional 51,931 shares during the quarter. Sei Investments Co.’s holdings in Reinsurance Group of America were worth $161,557,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. BOKF NA increased its holdings in shares of Reinsurance Group of America by 91.3% during the third quarter. BOKF NA now owns 373 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 178 shares during the period. UBS Group AG raised its position in shares of Reinsurance Group of America by 158.3% in the third quarter. UBS Group AG now owns 143,388 shares of the insurance provider’s stock valued at $27,549,000 after buying an additional 87,885 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Reinsurance Group of America by 49.4% in the third quarter. Bank of Montreal Can now owns 252,159 shares of the insurance provider’s stock valued at $48,447,000 after buying an additional 83,371 shares during the period. Legal & General Group Plc boosted its stake in shares of Reinsurance Group of America by 0.8% in the third quarter. Legal & General Group Plc now owns 141,487 shares of the insurance provider’s stock valued at $27,184,000 after buying an additional 1,057 shares during the period. Finally, Swiss National Bank grew its position in Reinsurance Group of America by 1.5% during the third quarter. Swiss National Bank now owns 128,100 shares of the insurance provider’s stock worth $24,612,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Stock Performance

Shares of NYSE:RGA opened at $204.76 on Friday. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $229.21. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 11.54 and a beta of 0.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.14 and a quick ratio of 0.14. The company’s 50 day simple moving average is $208.02 and its 200 day simple moving average is $198.23.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $5.86 by $1.89. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.99 earnings per share. As a group, research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, February 17th. Reinsurance Group of America’s dividend payout ratio is currently 20.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Morgan Stanley raised their price target on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $263.00 price target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Finally, Wells Fargo & Company upped their price objective on shares of 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. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.57.

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.