Reinsurance Group of America, Incorporated $RGA Shares Purchased by Anderson Hoagland & Co.

Anderson Hoagland & Co. increased its stake in Reinsurance Group of America, Incorporated (NYSE:RGA) by 27.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,598 shares of the insurance provider’s stock after acquiring an additional 3,555 shares during the quarter. Anderson Hoagland & Co.’s holdings in Reinsurance Group of America were worth $3,189,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Legacy Wealth Asset Management LLC purchased a new stake in shares of Reinsurance Group of America during the third quarter worth approximately $427,000. Douglas Lane & Associates LLC boosted its holdings in shares of Reinsurance Group of America by 1.6% during the 3rd quarter. Douglas Lane & Associates LLC now owns 550,190 shares of the insurance provider’s stock worth $105,708,000 after purchasing an additional 8,814 shares during the last quarter. Trust Point Inc. increased its holdings in shares of Reinsurance Group of America by 16.1% in the third quarter. Trust Point Inc. now owns 1,230 shares of the insurance provider’s stock valued at $236,000 after purchasing an additional 171 shares during the last quarter. Benson Investment Management Company Inc. lifted its position in Reinsurance Group of America by 0.5% during the third quarter. Benson Investment Management Company Inc. now owns 25,241 shares of the insurance provider’s stock worth $4,850,000 after buying an additional 135 shares in the last quarter. Finally, Graphene Investments SAS boosted its stake in Reinsurance Group of America by 18.9% during the third quarter. Graphene Investments SAS now owns 17,000 shares of the insurance provider’s stock worth $3,266,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Wall Street Analyst Weigh In

RGA has been the subject of a number of recent research reports. Morgan Stanley set a $208.00 target price on Reinsurance Group of America in a research note on Monday, December 15th. Raymond James Financial cut shares of Reinsurance Group of America from a “market perform” rating to an “underperform” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reinsurance Group of America in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of Reinsurance Group of America from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Piper Sandler raised their price target on shares of Reinsurance Group of America from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $240.00.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $206.42 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market cap of $13.56 billion, a P/E ratio of 15.88 and a beta of 0.55. The firm’s 50 day moving average price is $191.73 and its 200-day moving average price is $192.59. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $232.97.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a net margin of 3.89% and a return on equity of 12.19%. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm earned $6.13 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 11th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, November 10th. Reinsurance Group of America’s payout ratio is currently 28.62%.

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.