Bahl & Gaynor Inc. Purchases 94,894 Shares of Reinsurance Group of America, Incorporated $RGA

Bahl & Gaynor Inc. grew its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 18.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 604,664 shares of the insurance provider’s stock after purchasing an additional 94,894 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Reinsurance Group of America were worth $116,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC grew its position in Reinsurance Group of America by 82.4% during the third quarter. Millstone Evans Group LLC now owns 135 shares of the insurance provider’s stock valued at $26,000 after buying an additional 61 shares during the period. Root Financial Partners LLC purchased a new position in shares of Reinsurance Group of America during the 3rd quarter worth $33,000. LRI Investments LLC grew its position in shares of Reinsurance Group of America by 41.2% during the 3rd quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 77 shares during the period. Employees Retirement System of Texas bought a new stake in shares of Reinsurance Group of America during the 2nd quarter valued at $57,000. Finally, True Wealth Design LLC increased its stake in shares of Reinsurance Group of America by 1,323.8% in the 2nd quarter. True Wealth Design LLC now owns 299 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 95.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $263.00 target price on shares of Reinsurance Group of America in a research report on Friday, February 6th. Morgan Stanley set a $208.00 price objective on Reinsurance Group of America in a research report on Monday, December 15th. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a research note on Monday, December 29th. Finally, TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a research report on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.88.

Reinsurance Group of America Stock Down 2.1%

NYSE RGA opened at $215.72 on Monday. The stock’s 50 day moving average is $207.39 and its 200 day moving average is $197.15. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. Reinsurance Group of America, Incorporated has a 12 month low of $159.25 and a 12 month high of $229.21. The stock has a market cap of $14.14 billion, a PE ratio of 12.15 and a beta of 0.50.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings data on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $1.89. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the firm posted $4.99 EPS. The company’s revenue was up 26.6% on a year-over-year basis. Research analysts predict that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, February 17th. Reinsurance Group of America’s payout ratio is currently 20.96%.

About Reinsurance Group of America

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.