Sei Investments Co. Boosts Position in Reinsurance Group of America, Incorporated (NYSE:RGA)

Sei Investments Co. increased its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 737,875 shares of the insurance provider’s stock after purchasing an additional 113,306 shares during the quarter. Sei Investments Co.’s holdings in Reinsurance Group of America were worth $119,373,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in Reinsurance Group of America by 129.9% in the fourth quarter. Lindbrook Capital LLC now owns 154 shares of the insurance provider’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in Reinsurance Group of America by 116.3% in the third quarter. VisionPoint Advisory Group LLC now owns 212 shares of the insurance provider’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in Reinsurance Group of America by 41.2% in the fourth quarter. Toth Financial Advisory Corp now owns 240 shares of the insurance provider’s stock valued at $39,000 after buying an additional 70 shares during the last quarter. Covestor Ltd lifted its stake in Reinsurance Group of America by 532.8% in the third quarter. Covestor Ltd now owns 424 shares of the insurance provider’s stock valued at $62,000 after buying an additional 357 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Reinsurance Group of America in the fourth quarter valued at approximately $72,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock traded up $1.20 on Friday, reaching $204.13. 262,295 shares of the company’s stock were exchanged, compared to its average volume of 282,936. The stock has a fifty day moving average of $198.43 and a 200-day moving average of $180.48. Reinsurance Group of America, Incorporated has a twelve month low of $135.07 and a twelve month high of $213.21. The firm has a market cap of $13.43 billion, a PE ratio of 15.86 and a beta of 0.92. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.46.

Reinsurance Group of America (NYSE:RGAGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The insurance provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. As a group, equities analysts predict that Reinsurance Group of America, Incorporated will post 20.66 EPS for the current fiscal year.

Reinsurance Group of America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Monday, May 13th. Reinsurance Group of America’s dividend payout ratio (DPR) is 26.42%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RGA. Royal Bank of Canada reiterated an “outperform” rating and issued a $212.00 price objective on shares of Reinsurance Group of America in a research note on Friday, April 12th. UBS Group boosted their price objective on Reinsurance Group of America from $223.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Piper Sandler boosted their target price 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. Keefe, Bruyette & Woods boosted their target price on Reinsurance Group of America from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Evercore ISI boosted their target price on Reinsurance Group of America from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $202.82.

Get Our Latest Report on Reinsurance Group of America

Insider Buying and Selling at Reinsurance Group of America

In other Reinsurance Group of America news, EVP John W. Hayden sold 1,767 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $206.85, for a total value of $365,503.95. Following the sale, the executive vice president now owns 16,490 shares of the company’s stock, valued at $3,410,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is owned by corporate insiders.

Reinsurance Group of America Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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