Northwest & Ethical Investments L.P. Acquires 900 Shares of Reinsurance Group of America, Incorporated $RGA

Northwest & Ethical Investments L.P. lifted its holdings in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 41,630 shares of the insurance provider’s stock after purchasing an additional 900 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Reinsurance Group of America were worth $8,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RGA. Advisors Asset Management Inc. lifted its position in Reinsurance Group of America by 39.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,709 shares of the insurance provider’s stock worth $537,000 after buying an additional 762 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Reinsurance Group of America by 19,387.3% in the second quarter. Laurel Wealth Advisors LLC now owns 561,818 shares of the insurance provider’s stock worth $111,442,000 after acquiring an additional 558,935 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Reinsurance Group of America by 3.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,021 shares of the insurance provider’s stock worth $401,000 after purchasing an additional 69 shares in the last quarter. Picton Mahoney Asset Management grew its stake in shares of Reinsurance Group of America by 28.2% during the second quarter. Picton Mahoney Asset Management now owns 177,810 shares of the insurance provider’s stock valued at $35,271,000 after purchasing an additional 39,151 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Reinsurance Group of America in the second quarter valued at approximately $230,000. 95.11% of the stock is owned by institutional investors.

Reinsurance Group of America Price Performance

Reinsurance Group of America stock opened at $190.89 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $12.54 billion, a P/E ratio of 16.57 and a beta of 0.62. The business has a 50-day moving average of $189.69 and a 200-day moving average of $193.53. Reinsurance Group of America, Incorporated has a 1 year low of $159.25 and a 1 year high of $233.16.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, October 30th. The insurance provider reported $6.37 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.57. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.02 billion. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. Reinsurance Group of America’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $6.13 EPS. On average, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current year.

Reinsurance Group of America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 11th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, November 10th. Reinsurance Group of America’s dividend payout ratio (DPR) is currently 28.62%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $246.00 price objective on shares of Reinsurance Group of America in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reinsurance Group of America in a research report on Wednesday, October 8th. Piper Sandler reissued an “overweight” rating on shares of Reinsurance Group of America in a report on Tuesday, October 7th. Wells Fargo & Company reduced their target price on shares of Reinsurance Group of America from $249.00 to $241.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, Morgan Stanley lowered their price target on shares of Reinsurance Group of America from $210.00 to $195.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Reinsurance Group of America has an average rating of “Moderate Buy” and an average price target of $239.89.

Reinsurance Group of America Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.