Reinsurance Group of America, Incorporated $RGA Stake Decreased by Danske Bank A S

Danske Bank A S trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 92.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the insurance provider’s stock after selling 6,250 shares during the quarter. Danske Bank A S’s holdings in Reinsurance Group of America were worth $102,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC boosted its position in Reinsurance Group of America by 82.4% during the 3rd quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 61 shares during the period. Activest Wealth Management bought a new position in shares of Reinsurance Group of America in the fourth quarter worth $30,000. Root Financial Partners LLC acquired a new position in shares of Reinsurance Group of America during the third quarter valued at $33,000. Advisory Services Network LLC bought a new stake in shares of Reinsurance Group of America during the third quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Reinsurance Group of America by 632.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 177 shares in the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. 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. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Finally, Morgan Stanley raised their price objective on shares of Reinsurance Group of America from $208.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $246.71.

Reinsurance Group of America Trading Up 0.8%

Shares of RGA stock opened at $215.12 on Thursday. The stock has a 50-day simple moving average of $207.88 and a 200 day simple moving average of $201.99. The stock has a market capitalization of $14.09 billion, a P/E ratio of 12.12 and a beta of 0.50. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42.

Reinsurance Group of America (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping the consensus estimate of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The firm had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the previous year, the business earned $4.99 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.27 earnings per share for the current fiscal year.

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.