Reinsurance Group of America, Incorporated $RGA Shares Acquired by Vest Financial LLC

Vest Financial LLC raised its position in Reinsurance Group of America, Incorporated (NYSE:RGA) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,022 shares of the insurance provider’s stock after acquiring an additional 4,546 shares during the quarter. Vest Financial LLC’s holdings in Reinsurance Group of America were worth $6,108,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC raised its stake in Reinsurance Group of America by 82.4% in 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 in the last quarter. Root Financial Partners LLC purchased a new position in shares of Reinsurance Group of America in the 3rd quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in shares of Reinsurance Group of America during the 3rd quarter worth about $38,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Reinsurance Group of America by 632.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 205 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 177 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Reinsurance Group of America during the third quarter worth approximately $44,000. 95.11% of the stock is owned by hedge funds and other institutional investors.

Reinsurance Group of America Stock Up 0.0%

RGA stock opened at $209.74 on Wednesday. The stock has a market capitalization of $13.74 billion, a PE ratio of 11.82 and a beta of 0.52. The company has a fifty day moving average of $208.64 and a 200-day moving average of $201.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.14 and a current ratio of 0.14. Reinsurance Group of America, Incorporated has a one year low of $165.52 and a one year high of $229.21.

Reinsurance Group of America (NYSE:RGA) last posted its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same period in the prior year, the company posted $4.99 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid 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 payout ratio is 20.96%.

Analyst Ratings Changes

RGA has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of 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 target on shares of Reinsurance Group of America in a research note on Friday, February 6th. Wells Fargo & Company increased 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 research note on Wednesday, February 25th. Wall Street Zen lowered shares of Reinsurance Group of America from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, UBS Group upped their target price on shares of Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $246.71.

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.