Reinsurance Group of America, Incorporated $RGA Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Reinsurance Group of America, Incorporated (NYSE:RGA) by 7,229.3% in the fourth quarter, Holdings Channel reports. The firm owned 71,021 shares of the insurance provider’s stock after purchasing an additional 70,052 shares during the period. SG Americas Securities LLC’s holdings in Reinsurance Group of America were worth $14,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Reinsurance Group of America by 44.3% in the first quarter. Goldman Sachs Group Inc. now owns 221,198 shares of the insurance provider’s stock valued at $43,554,000 after buying an additional 67,880 shares during the period. Focus Partners Wealth grew its stake in Reinsurance Group of America by 121.2% during the first quarter. Focus Partners Wealth now owns 2,676 shares of the insurance provider’s stock worth $527,000 after buying an additional 1,466 shares during the period. Geneos Wealth Management Inc. grew its stake in Reinsurance Group of America by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 388 shares of the insurance provider’s stock worth $76,000 after buying an additional 58 shares during the period. JPMorgan Chase & Co. increased its position in shares of Reinsurance Group of America by 2.1% in the second quarter. JPMorgan Chase & Co. now owns 366,868 shares of the insurance provider’s stock worth $72,775,000 after acquiring an additional 7,522 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Reinsurance Group of America by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 433,590 shares of the insurance provider’s stock worth $86,007,000 after acquiring an additional 8,732 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

Reinsurance Group of America Price Performance

RGA opened at $198.82 on Friday. The company has a 50-day moving average of $208.40 and a 200-day moving average of $198.90. The company has a market capitalization of $13.03 billion, a P/E ratio of 11.20 and a beta of 0.50. Reinsurance Group of America, Incorporated has a 1-year low of $159.25 and a 1-year high of $229.21. 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 (NYSE:RGA) last issued its quarterly earnings results on Thursday, February 5th. The insurance provider reported $7.75 EPS for the quarter, topping the consensus estimate of $5.86 by $1.89. The business had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.25 billion. Reinsurance Group of America had a net margin of 4.99% and a return on equity of 12.99%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the company posted $4.99 earnings per share. Equities analysts expect that Reinsurance Group of America, Incorporated will post 22.9 EPS for the current fiscal year.

Reinsurance Group of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.93 per share. The ex-dividend date was Tuesday, February 17th. This represents a $3.72 annualized dividend and a yield of 1.9%. Reinsurance Group of America’s dividend payout ratio (DPR) is 20.96%.

Wall Street Analysts Forecast Growth

RGA has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Reinsurance Group of America in a report on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and issued a $263.00 price target on shares of Reinsurance Group of America in a report on Friday, February 6th. Wells Fargo & Company raised their price objective on Reinsurance Group of America from $238.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Barclays set a $245.00 price objective on Reinsurance Group of America and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Morgan Stanley upped their target price on Reinsurance Group of America from $208.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Reinsurance Group of America presently has an average rating of “Moderate Buy” and an average price target of $244.57.

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.