Inspire Investing LLC Buys 3,410 Shares of Reinsurance Group of America, Incorporated $RGA

Inspire Investing LLC increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 30.1% in the fourth quarter, HoldingsChannel reports. The fund owned 14,740 shares of the insurance provider’s stock after purchasing an additional 3,410 shares during the period. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $2,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of Reinsurance Group of America in the 3rd quarter valued at about $38,000. Entrust Financial LLC bought a new stake in shares of Reinsurance Group of America in the 4th quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Reinsurance Group of America by 632.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.

Insider Buying and Selling

In other Reinsurance Group of America news, EVP John W. Hayden sold 414 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total transaction of $88,989.30. Following the transaction, the executive vice president owned 20,949 shares in the company, valued at approximately $4,502,987.55. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronald Herrmann sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total value of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares in the company, valued at $829,264.04. This trade represents a 64.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by corporate insiders.

Reinsurance Group of America Stock Up 1.3%

RGA stock opened at $212.24 on Thursday. Reinsurance Group of America, Incorporated has a fifty-two week low of $165.52 and a fifty-two week high of $229.21. The business’s 50 day moving average price is $208.44 and its two-hundred day moving average price is $206.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 11.50 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the business earned $5.66 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, analysts forecast that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is 20.15%.

Wall Street Analyst Weigh In

RGA has been the subject of a number of recent research reports. Wall Street Zen raised Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler lowered their target price on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. UBS Group boosted their target price on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Barclays boosted their target price on Reinsurance Group of America from $256.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Seven 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $251.25.

Reinsurance Group of America Company 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.