Cwm LLC Reduces Position in Reinsurance Group of America, Incorporated $RGA

Cwm LLC decreased its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 32.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,260 shares of the insurance provider’s stock after selling 4,021 shares during the period. Cwm LLC’s holdings in Reinsurance Group of America were worth $1,587,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC grew its holdings in Reinsurance Group of America by 5.0% in the 2nd quarter. WCM Investment Management LLC now owns 2,639,979 shares of the insurance provider’s stock valued at $521,343,000 after buying an additional 125,937 shares during the period. American Century Companies Inc. boosted its stake in shares of Reinsurance Group of America by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 2,044,818 shares of the insurance provider’s stock valued at $405,610,000 after buying an additional 532,891 shares during the last quarter. Geode Capital Management LLC grew its stake in Reinsurance Group of America by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,219,609 shares of the insurance provider’s stock worth $241,960,000 after purchasing an additional 53,211 shares in the last quarter. Norges Bank acquired a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at approximately $167,955,000. Finally, AQR Capital Management LLC lifted its position in shares of Reinsurance Group of America by 29.6% in the 2nd quarter. AQR Capital Management LLC now owns 799,675 shares of the insurance provider’s stock worth $158,352,000 after buying an additional 182,729 shares during the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

RGA has been the topic of several analyst reports. Morgan Stanley set a $208.00 target price on Reinsurance Group of America in a research report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Piper Sandler increased their price target on Reinsurance Group of America from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Barclays restated an “overweight” rating and issued a $246.00 target price on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their target price 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. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Reinsurance Group of America currently has an average rating of “Moderate Buy” and an average price target of $240.00.

Reinsurance Group of America Price Performance

Shares of NYSE:RGA opened at $203.32 on Monday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.44. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 15.64 and a beta of 0.55. The business has a 50 day moving average price of $194.25 and a 200 day moving average price of $192.94. Reinsurance Group of America, Incorporated has a twelve month low of $159.25 and a twelve month high of $232.97.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the firm posted $6.13 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.93 per share. 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 28.62%.

Reinsurance Group of America 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.