Islay Capital Management LLC Makes New $891,000 Investment in Reinsurance Group of America, Incorporated $RGA

Islay Capital Management LLC bought a new position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,377 shares of the insurance provider’s stock, valued at approximately $891,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Reinsurance Group of America by 20.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,918 shares of the insurance provider’s stock worth $2,425,000 after acquiring an additional 2,030 shares during the period. MML Investors Services LLC grew its holdings in shares of Reinsurance Group of America by 4.3% in the 4th quarter. MML Investors Services LLC now owns 30,515 shares of the insurance provider’s stock worth $6,209,000 after acquiring an additional 1,245 shares during the period. Mariner LLC grew its holdings in shares of Reinsurance Group of America by 141.7% in the 4th quarter. Mariner LLC now owns 47,527 shares of the insurance provider’s stock worth $9,676,000 after acquiring an additional 27,860 shares during the period. Focus Partners Wealth grew its holdings in shares of Reinsurance Group of America by 276.1% in the 4th quarter. Focus Partners Wealth now owns 7,901 shares of the insurance provider’s stock worth $1,608,000 after acquiring an additional 5,800 shares during the period. Finally, FJ Capital Management LLC grew its holdings in shares of Reinsurance Group of America by 4.0% in the 4th quarter. FJ Capital Management LLC now owns 23,361 shares of the insurance provider’s stock worth $4,753,000 after acquiring an additional 895 shares during the period. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA stock opened at $210.27 on Tuesday. Reinsurance Group of America, Incorporated has a 1 year low of $165.52 and a 1 year high of $229.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.14 and a current ratio of 0.14. The stock’s 50 day moving average price is $208.30 and its 200 day moving average price is $205.90. The firm has a market cap of $13.77 billion, a P/E ratio of 11.39 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA) last posted its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a return on equity of 13.16% and a net margin of 4.92%.The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the company earned $5.66 EPS. Reinsurance Group of America’s revenue was up 23.5% on a year-over-year basis. On average, sell-side analysts expect that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Insiders Place Their Bets

In other Reinsurance Group of America news, EVP Ronald Herrmann sold 7,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $210.58, for a total transaction of $1,474,060.00. Following the transaction, the executive vice president owned 3,938 shares of the company’s stock, valued at $829,264.04. This represents a 64.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John W. Hayden sold 414 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the transaction, the executive vice president directly owned 20,949 shares in the company, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RGA shares. Wells Fargo & Company upped their price target 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. Wall Street Zen upgraded Reinsurance Group of America from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group upped their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Piper Sandler lowered their price target on Reinsurance Group of America from $263.00 to $261.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Evercore reaffirmed an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America currently has a consensus rating of “Moderate Buy” and an average price target of $251.25.

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.