Inspire Investing LLC Has $3.50 Million Holdings in Reinsurance Group of America, Incorporated $RGA

Inspire Investing LLC increased its position in Reinsurance Group of America, Incorporated (NYSE:RGAFree Report) by 16.4% in the 1st quarter, Holdings Channel reports. The firm owned 17,160 shares of the insurance provider’s stock after buying an additional 2,420 shares during the quarter. Inspire Investing LLC’s holdings in Reinsurance Group of America were worth $3,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. raised its stake in shares of Reinsurance Group of America by 3.6% in the 4th quarter. Principal Securities Inc. now owns 1,490 shares of the insurance provider’s stock valued at $303,000 after buying an additional 52 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Reinsurance Group of America by 1.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,281 shares of the insurance provider’s stock valued at $819,000 after acquiring an additional 54 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Reinsurance Group of America by 6.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 974 shares of the insurance provider’s stock valued at $198,000 after acquiring an additional 56 shares during the period. Xponance Inc. raised its position in Reinsurance Group of America by 0.8% in the third quarter. Xponance Inc. now owns 7,637 shares of the insurance provider’s stock worth $1,467,000 after purchasing an additional 58 shares in the last quarter. Finally, Covestor Ltd raised its position in Reinsurance Group of America by 12.2% in the fourth quarter. Covestor Ltd now owns 533 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Trading Down 0.4%

RGA opened at $214.48 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $14.05 billion, a PE ratio of 11.62 and a beta of 0.47. Reinsurance Group of America, Incorporated has a 1-year low of $165.52 and a 1-year high of $229.21. The firm has a 50-day moving average price of $208.95 and a two-hundred day moving average price of $207.27.

Reinsurance Group of America (NYSE:RGAGet Free Report) last announced its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.94. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same period in the prior year, the business earned $5.66 earnings per share. Reinsurance Group of America’s quarterly revenue was up 23.5% on a year-over-year basis. As a group, equities analysts anticipate that Reinsurance Group of America, Incorporated will post 26.88 earnings per share for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.72 annualized dividend and a yield of 1.7%. Reinsurance Group of America’s dividend payout ratio is currently 20.15%.

Insider Buying and Selling at Reinsurance Group of America

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 value of $1,474,060.00. Following the transaction, the executive vice president directly owned 3,938 shares in the company, valued at approximately $829,264.04. This trade represents a 64.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John W. Hayden sold 414 shares of Reinsurance Group of America stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $214.95, for a total value of $88,989.30. Following the completion of the sale, the executive vice president directly owned 20,949 shares of the company’s stock, valued at $4,502,987.55. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RGA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Reinsurance Group of America in a report on Wednesday, May 13th. Evercore reissued an “outperform” rating and issued a $267.00 target price on shares of Reinsurance Group of America in a report on Monday, May 18th. UBS Group boosted their price target on Reinsurance Group of America from $216.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their price target on Reinsurance Group of America from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Barclays increased their price objective on Reinsurance Group of America from $256.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.25.

View Our Latest Research Report on Reinsurance Group of America

About Reinsurance Group of America

(Free Report)

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.

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Institutional Ownership by Quarter for Reinsurance Group of America (NYSE:RGA)

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