Principal Securities Inc. Purchases Shares of 3,190 Reinsurance Group of America, Incorporated (NYSE:RGA)

Principal Securities Inc. acquired a new position in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,190 shares of the insurance provider’s stock, valued at approximately $516,000.

A number of other institutional investors also recently made changes to their positions in RGA. Louisiana State Employees Retirement System bought a new position in shares of Reinsurance Group of America during the fourth quarter valued at about $2,993,000. Picton Mahoney Asset Management lifted its position in Reinsurance Group of America by 121.9% in the third quarter. Picton Mahoney Asset Management now owns 122,552 shares of the insurance provider’s stock valued at $17,794,000 after purchasing an additional 67,318 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Reinsurance Group of America by 16,078.1% during the fourth quarter. International Assets Investment Management LLC now owns 22,164 shares of the insurance provider’s stock valued at $3,586,000 after purchasing an additional 22,027 shares during the period. Raymond James & Associates grew its holdings in shares of Reinsurance Group of America by 13.0% in the fourth quarter. Raymond James & Associates now owns 244,771 shares of the insurance provider’s stock worth $39,599,000 after purchasing an additional 28,193 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Reinsurance Group of America by 93.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,655 shares of the insurance provider’s stock worth $3,289,000 after buying an additional 10,968 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock opened at $207.08 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a 50 day moving average price of $190.13 and a 200-day moving average price of $173.52. Reinsurance Group of America, Incorporated has a 52-week low of $135.07 and a 52-week high of $210.00. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 16.09 and a beta of 0.88.

Reinsurance Group of America (NYSE:RGAGet Free Report) last released its earnings results on Friday, May 3rd. The insurance provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $4.55 by $1.47. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Reinsurance Group of America had a return on equity of 15.94% and a net margin of 4.16%. During the same period in the prior year, the firm posted $5.16 earnings per share. Equities research analysts forecast that Reinsurance Group of America, Incorporated will post 20.48 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $3.40 dividend on an annualized basis and a yield of 1.64%. Reinsurance Group of America’s payout ratio is currently 26.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RGA shares. UBS Group raised their price target on shares of Reinsurance Group of America from $198.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods lifted their price objective on Reinsurance Group of America from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Royal Bank of Canada restated an “outperform” rating and set a $212.00 target price on shares of Reinsurance Group of America in a report on Friday, April 12th. Piper Sandler boosted their price objective on shares of Reinsurance Group of America from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Company raised their target price on shares of Reinsurance Group of America from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and an average price target of $197.31.

Check Out Our Latest Analysis on RGA

Insider Buying and Selling at Reinsurance Group of America

In related news, EVP William L. Hutton sold 1,588 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $171.83, for a total transaction of $272,866.04. Following the sale, the executive vice president now directly owns 13,625 shares of the company’s stock, valued at $2,341,183.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP William L. Hutton sold 1,908 shares of the company’s 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 completion of the sale, the executive vice president now owns 13,363 shares in the company, valued at $2,429,927.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Hutton sold 1,588 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $171.83, for a total value of $272,866.04. Following the completion of the transaction, the executive vice president now directly owns 13,625 shares in the company, valued at approximately $2,341,183.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,462 shares of company stock worth $1,162,239. Insiders own 1.37% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding RGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reinsurance Group of America, Incorporated (NYSE:RGAFree Report).

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

Receive News & Ratings for Reinsurance Group of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reinsurance Group of America and related companies with MarketBeat.com's FREE daily email newsletter.