Strs Ohio Acquires 2,016 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Strs Ohio increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 15.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,175 shares of the insurance provider’s stock after purchasing an additional 2,016 shares during the quarter. Strs Ohio’s holdings in Reinsurance Group of America were worth $2,455,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Lecap Asset Management Ltd. acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $810,000. Louisiana State Employees Retirement System acquired a new position in Reinsurance Group of America during the 4th quarter worth approximately $2,993,000. Vaughan David Investments LLC IL boosted its position in Reinsurance Group of America by 2.2% during the 4th quarter. Vaughan David Investments LLC IL now owns 243,508 shares of the insurance provider’s stock worth $39,395,000 after acquiring an additional 5,188 shares during the last quarter. Cerity Partners LLC boosted its position in Reinsurance Group of America by 725.1% during the 4th quarter. Cerity Partners LLC now owns 16,948 shares of the insurance provider’s stock worth $2,742,000 after acquiring an additional 14,894 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Reinsurance Group of America by 2.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 55,160 shares of the insurance provider’s stock worth $8,924,000 after acquiring an additional 1,225 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Trading Up 2.2 %

Shares of Reinsurance Group of America stock opened at $186.52 on Friday. The business has a fifty day simple moving average of $182.34 and a two-hundred day simple moving average of $167.64. Reinsurance Group of America, Incorporated has a 1 year low of $133.13 and a 1 year high of $196.25. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 13.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.17 and a quick ratio of 0.17.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Friday, February 2nd. The insurance provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.40 by $0.33. Reinsurance Group of America had a return on equity of 16.20% and a net margin of 4.86%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm posted $2.99 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Research analysts forecast that Reinsurance Group of America, Incorporated will post 19.41 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, February 12th. Reinsurance Group of America’s payout ratio is 25.32%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RGA. Evercore ISI upped their price target on Reinsurance Group of America from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on Reinsurance Group of America from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Piper Sandler increased their price objective on Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $212.00 price objective on shares of Reinsurance Group of America in a report on Friday, April 12th. Finally, Morgan Stanley increased their price objective on Reinsurance Group of America from $178.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.38.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Reinsurance Group of America news, EVP William L. Hutton sold 1,908 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $181.84, for a total transaction of $346,950.72. Following the transaction, the executive vice president now owns 13,363 shares in the company, valued at approximately $2,429,927.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd C. Larson sold 2,966 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $182.88, for a total value of $542,422.08. Following the transaction, the chief financial officer now owns 49,549 shares in the company, valued at approximately $9,061,521.12. The disclosure for this sale can be found here. Insiders have sold 6,462 shares of company stock worth $1,162,239 in the last 90 days. Company insiders own 1.31% of the company’s stock.

Reinsurance Group of America Company Profile

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.