Russell Investments Group Ltd. Has $53.78 Million Stock Position in Reinsurance Group of America, Incorporated $RGA

Russell Investments Group Ltd. increased its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 279,905 shares of the insurance provider’s stock after buying an additional 7,451 shares during the period. Russell Investments Group Ltd. owned 0.43% of Reinsurance Group of America worth $53,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC increased its position in Reinsurance Group of America by 82.4% in the 3rd 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 in the last quarter. Root Financial Partners LLC bought a new position in Reinsurance Group of America in the third quarter worth approximately $33,000. LRI Investments LLC boosted its holdings in Reinsurance Group of America by 41.2% in the third quarter. LRI Investments LLC now owns 264 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 77 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Reinsurance Group of America in the second quarter valued at approximately $57,000. Finally, Avalon Trust Co acquired a new stake in Reinsurance Group of America in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Stock Up 0.3%

Shares of NYSE RGA opened at $206.93 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.57 billion, a P/E ratio of 11.66 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 52 week low of $159.25 and a 52 week high of $229.21. The business has a 50-day simple moving average of $207.95 and a two-hundred day simple moving average of $198.13.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business posted $4.99 earnings per share. Reinsurance Group of America’s revenue for the quarter was up 26.6% on a year-over-year basis. Research analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.8%. Reinsurance Group of America’s payout ratio is 20.96%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RGA shares. Piper Sandler restated an “overweight” rating and set a $263.00 price objective on shares of Reinsurance Group of America in a report on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Reinsurance Group of America in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Barclays set a $245.00 price target on shares of Reinsurance Group of America and gave the company an “overweight” rating in a research report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $247.75.

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.