Reinsurance Group of America, Incorporated $RGA Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Reinsurance Group of America, Incorporated (NYSE:RGA) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,547 shares of the insurance provider’s stock after selling 3,486 shares during the quarter. US Bancorp DE’s holdings in Reinsurance Group of America were worth $7,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vest Financial LLC lifted its holdings in Reinsurance Group of America by 17.8% in the 4th quarter. Vest Financial LLC now owns 30,022 shares of the insurance provider’s stock valued at $6,108,000 after acquiring an additional 4,546 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Reinsurance Group of America by 45.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,706 shares of the insurance provider’s stock valued at $1,161,000 after acquiring an additional 1,794 shares during the last quarter. R Squared Ltd lifted its holdings in Reinsurance Group of America by 24.0% in the 4th quarter. R Squared Ltd now owns 3,764 shares of the insurance provider’s stock valued at $766,000 after acquiring an additional 729 shares during the last quarter. M&T Bank Corp lifted its holdings in Reinsurance Group of America by 3.8% in the 4th quarter. M&T Bank Corp now owns 4,443 shares of the insurance provider’s stock valued at $904,000 after acquiring an additional 164 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Reinsurance Group of America by 14.4% in the 4th quarter. Comerica Bank now owns 28,739 shares of the insurance provider’s stock valued at $5,847,000 after acquiring an additional 3,616 shares during the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RGA shares. Wall Street Zen downgraded shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Wells Fargo & Company boosted their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Morgan Stanley boosted their price objective on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. 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. Finally, TD Cowen restated a “hold” rating on shares of Reinsurance Group of America in a report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America has a consensus rating of “Moderate Buy” and a consensus target price of $246.71.

Reinsurance Group of America Price Performance

NYSE RGA opened at $209.02 on Monday. The stock’s 50-day moving average price is $208.13 and its two-hundred day moving average price is $201.65. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.42. The company has a market cap of $13.69 billion, a PE ratio of 11.78 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 1 year low of $165.52 and a 1 year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last issued its 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. The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.25 billion. Reinsurance Group of America had a return on equity of 12.99% and a net margin of 4.99%.The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.99 EPS. On average, analysts predict that Reinsurance Group of America, Incorporated will post 26.27 EPS for the current year.

Reinsurance Group of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders 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 dividend yield of 1.8%. Reinsurance Group of America’s dividend payout ratio is currently 20.96%.

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.