Reinsurance Group of America, Incorporated $RGA Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 7,229.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,021 shares of the insurance provider’s stock after purchasing an additional 70,052 shares during the period. SG Americas Securities LLC owned about 0.11% of Reinsurance Group of America worth $14,450,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WCM Investment Management LLC lifted its stake in Reinsurance Group of America by 3.6% in the 3rd quarter. WCM Investment Management LLC now owns 2,734,458 shares of the insurance provider’s stock valued at $519,356,000 after buying an additional 94,479 shares in the last quarter. American Century Companies Inc. increased its position in Reinsurance Group of America by 15.9% during the third quarter. American Century Companies Inc. now owns 2,369,057 shares of the insurance provider’s stock worth $455,167,000 after buying an additional 324,239 shares in the last quarter. State Street Corp raised its holdings in shares of Reinsurance Group of America by 2.8% in the third quarter. State Street Corp now owns 2,346,447 shares of the insurance provider’s stock worth $450,823,000 after acquiring an additional 64,296 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Reinsurance Group of America by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,098,564 shares of the insurance provider’s stock valued at $211,054,000 after acquiring an additional 49,323 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Reinsurance Group of America during the second quarter valued at $167,955,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on RGA. Barclays set a $245.00 target price on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research note on Friday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $263.00 price target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Wells Fargo & Company lifted their price target on shares of Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Finally, TD Cowen reissued a “hold” rating on shares of Reinsurance Group of America in a research note on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Reinsurance Group of America presently has a consensus rating of “Moderate Buy” and an average target price of $244.57.

Reinsurance Group of America Stock Performance

Shares of RGA stock opened at $198.82 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 11.20 and a beta of 0.50. Reinsurance Group of America, Incorporated has a one year low of $159.25 and a one year high of $229.21. The company has a 50 day moving average price of $208.40 and a 200 day moving average price of $198.90.

Reinsurance Group of America (NYSE:RGA) last announced its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share 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 company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the business earned $4.99 EPS. Reinsurance Group of America’s revenue for the quarter was up 26.6% on a year-over-year basis. Sell-side analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.93 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 dividend on an annualized basis and a yield of 1.9%. Reinsurance Group of America’s dividend payout ratio (DPR) is presently 20.96%.

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.